Understanding Monthly Expenses and Savings

Understanding Monthly Expenses and Savings

Assessment

Interactive Video

Mathematics, Life Skills

5th - 8th Grade

Practice Problem

Hard

Created by

Aiden Montgomery

Used 1+ times

FREE Resource

This video tutorial covers problem-solving using addition and subtraction with a focus on interpreting a pie chart of monthly expenses. It guides viewers through calculating total expenses, evaluating if income covers these expenses, and determining potential savings. The tutorial also explores adjustments for increased education costs and rent sharing, concluding with a new budget and savings calculation.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of this lesson?

Exploring geometry concepts

Understanding multiplication and division

Interpreting a pie chart for monthly expenses

Learning about fractions and decimals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which category has the highest monthly expense?

Rent

Entertainment

Transportation

Food

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does the individual spend on food each month?

$150

$575

$250

$325

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total monthly expense calculated from the given categories?

$1,900

$1,800

$2,100

$2,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the monthly income is $2,012, can the expenses be covered?

No, expenses exceed income

Yes, with $200 left

No, there is a shortfall

Yes, with $112 left

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much can be saved monthly with the given income and expenses?

$100

$112

$125

$150

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the increase in education expenses?

$175

$125

$100

$150

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