Sammy is saving $5 out of his $10 allowance each week for summer science camp. He must divide the rest between his savings account, a charity of his choice, and his college fund. Sammy gives $1 per week to a local charity. He puts the same amount in his savings account as his college fund. How much does Sammy put in his college fund each week?

Each week, Carol saves $24, pays $56 for her expenses, and gives $8 to the charity of her choice. If she makes $8 per hour, how many hours must she work to make enough money to meet this budget?

Jim gets a weekly allowance. He keeps $8 for spending money, saves $5 and gives $2 to charity. How much is Jim’s weekly allowance?

Which situation shows a financial institution as a borrower?

Casey borrows $200 from her bank. What is the total amount she will have to repay the bank?

Which statement is NOT true about a financial institution?

Emma borrows $1,300 from her bank. The interest fees are $5 for every $100 borrowed. How much will Emma be charged in interest fees?

Which statement describes what a financial institution does with the money a customer deposits into a savings account?

Dylan gets a weekly allowance of $10. He also earns $5 an hour gardening for his aunt. He wants to have $12 a week for spending money and to save at least $15 a week to buy a new guitar. How many hours will he need to work in his aunt’s garden each week to reach his goal?