CU 5th Grade Math Worksheet

Name17.5
?
Personal Financial
Literacy—5.10.D
Also 5.3.K
MATHEMATICAL PROCESSES
5.1.A, 5.1.E, 5.1.F
Keeping Records
Essential Question
How can you keep track of finances?
A good way to manage finances is to keep track of the money received, paid, and available.
Unlock
Unlock the
the Problem
Problem
Hannah made a chart to keep track of her money. She records her
allowance, savings, earnings, and other expenses. Income is added,
expenses are subtracted. Use the notes at the right to complete her chart.
Include the available funds after each addition or subtraction. How much
does Hannah have left at the end of the month?
Hannah’s Financial Record: Month of May
Date
Description
Received ($) Expenses ($)
Balance: end of April
Available
Funds ($)
0
5/4
babysitting
20
20
5/6
allowance
10
30
5/6
save
5/8
3 music downloads
5/13
allowance
5/15
snack bar
5/20
allowance
5
May 18:
baby-sit $15
May 19
movies $6.50
May 25
mow la wns
$15
fruit snack $3.997
Mayy 27
ool trip,
May 30 Sch
4.75
sou venir $1
2.97
10
1.25
10
Math Talk
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Mathematical Processes
5/27
allowance
10
Explain why savings are
treated as an expense in
Hannah’s chart.
At the end of the month, Hannah has __ left.
Module 17
641
Share
Share and
and Show
Show
Jack keeps a record of his money in July. Use his record for 1–3.
Date
Description
Received ($) Expenses ($)
Balance: end of June
7/2
yard work
7/3
fruit juice
7/5
ticket to museum
Available Funds ($)
0
15.50
15.50
1.75
13.75
1. Jack pays $7.65 for a ticket to a museum on July 5. How much will he have
in available funds after he buys the ticket?
• Circle the available funds Jack has before buying the ticket.
Subtract the price of the ticket from the available funds.
__ − __ = __
• Record the price of the ticket and the new available funds in the chart.
2. Jack earns $24.00 washing cars on July 8.
Complete the next row in the chart to show
this information. How much does Jack have in
available funds now?
3. On July 12, Jack gets $15 allowance and spends
$4.95 for baseball cards. Complete the chart to
show this information. How much does Jack
have in available funds now?
Problem
Problem Solving
Solving
Math Talk
642
What’s the Error? Ana’s financial record shows
that she started May with $13.09. On May 4, she earned
$18 babysitting and saved $5. Her aunt gave her $10 on May 10.
She spent $2.75 for a yogurt bar on May 13. Her record now
shows available funds of $43.34. What is Ana’s error?
Mathematical Processes
Why is organizing information
in a chart a better way to keep
track of finances than notes on
scraps of paper?
© Houghton Mifflin Harcourt Publishing Company
4.
Name
Problem
Problem Solving
Solving
Ryan has a dog-walking business. Use the financial
information about his business for 5–7.
5.
rs –
payment from dog owne
$129 – March 3
buy do
g biscu
its $45.98
– Marc
h9
Multi-Step Ryan’s goal
is to always have $50 or more in available
funds. Complete the chart. Did Ryan
achieve his goal during the month of
March? Explain.
buy leashes $64.25 March 12
payment fr
f om
dog owners $96 – March 18
pay helper $140 – March
20
Date
Description
Balance: March 1
Received ($) Expenses ($)
Available
Funds ($)
50
m
payment fro
dog o wners
r h 26
106 – Marc
$10
buy d
o
$84.5 g food 0-M
arch
28
6. Explain how you can identify Ryan’s expenses by only looking at the
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available funds column.
7. Multi-Step Ryan receives another payment from the dog owners on
March 31. He also spends $25 on dog treats that day. If Ryan ends the
month with $86.27 in available funds, how much money did he get
from the owners on March 31? _____
Module 17 • Lesson 5
643
Mathematical Processes
M
Model ¥ Reason ¥ Communicate
M
Daily
Daily Assessment
Assessment Task
Task
The chart shows Lisa’s finances during the first week in August. Use the
chart for 8–10. Fill in the bubble completely to show your answer.
Date
Description
Received ($) Expenses ($) Available Funds ($)
Balance: end of July
8/1
allowance
8/2
orange juice
8/3
planting flowers
8/4
comic books
0
12
12
2.29
?
9.71
25.96
11.65
14.31
8. Analyze How much does Lisa earn planting flowers?
A
$25.96
C
$12.00
B
$16.25
D
$35.67
9. Which expression shows how to find the amount of money Lisa has in
available funds after she buys orange juice?
A
$12 + $2.29
C
$9.71 − $2.29
B
$25.96 − $2.29
D
$12 − $2.29
10. Multi-Step Lisa wins a $25-door prize at a party on August 5. She
spends $5.40 for new markers on August 6 and $18 for a soccer ball on
August 7. What are her available funds now?
A
$21.31
C
$15.91
B
$39.31
D
$33.91
TEXAS Test Prep
lawns and gets an allowance from his parents. His expenses for the
month were $20.65. If Jacob ends the month with $44.35 in funds, what
is his monthly allowance?
644
A
$30.00
C
$15.00
B
$44.35
D
$45.00
© Houghton Mifflin Harcourt Publishing Company
11. Jacob starts June with $20 in available funds. He earns $30 for mowing
Personal Financial Literacy—5.10.D
Also 5.3.K
MATHEMATICAL PROCESSES 5.1.A, 5.1.E, 5.1.F
H o mewo rk
and Practice
17.5
Name
Keeping Records
Kimiko makes crafts to sell at a festival in July. Complete the chart using the
notes at the right. Use the information for 1−2.
Date
Description
Received ($) Expenses ($)
Available
Funds ($)
Balance: July 1
July 2:
purchase craft
supplies $27.95
JJuly
l 5:
ppay bo
b oth fee
$15
45
July 14:
earn $125
from craft sales
July 15:
earn $52 from craft
sales
July 18:
pay friend for helpping
at booth $25
Julyy 22:
purchasse crafftt
supplies
1. Write an equation to show how to calculate the amount Kimiko
has in available funds after purchasing supplies on July 2. ____
2. Explain how Kimiko can calculate her total expenses for July. What were
Kimiko’s total expenses?
Problem
Problem Solving
Solving
Use the information from the chart above for 3−4.
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3. Are Kimiko’s available funds greater on July 1 or on July 22? Explain.
4. Kimiko has $15 in additional expenses on July 28. How much more
will she need to earn if she wants to have $200 in available funds at the
end of July? ____
Module 17 • Lesson 5 645
TEXAS Test Prep
Lesson
Lesson Check
Check
Fill in the bubble completely to show your answer.
5. The chart shows Micah’s finances during the first week in May. He earns
$25 for babysitting on May 8. He buys another book on May 12 for $9.49.
Date
Description
Received ($) Expenses ($)
Available
Funds ($)
Balance: May 1
5/4
allowance
5/7
purchase book
0
15
15
12.95
2.05
How much does Micah have in available funds now?
A
$36.54
C
$15.51
B
$27.05
D
$17.56
Heather sells baked goods. The chart shows Heather’s finances for the
beginning of June. Use the chart for 6−9.
Description
Received ($) Expenses ($)
Available
Funds ($)
Balance: June 1
0
6/2
cupcake sales
18.50
18.50
6/3
pie sales
26.74
45.24
6/4
pay for advertising
6/5
pay for supplies
6. How much does Heather spend on
advertising?
A
$28.99
C
$16.25
B
$5.02
D
$23.75
8. Multi-Step What is the difference between
Heather’s expenses and her earnings?
646
?
28.99
23.97
5.02
7. Which expression shows how to find the
amount in available funds after Heather sells
some pies on June 3?
A
$26.74 − $18.50
C
$45.24 − $26.74
B
$18.50 + $26.74
D
$45.24 + $26.74
9. Multi-Step Heather sells cookies for
A
$5.02
B
$21.27
$14.85 on June 6. She spends $8.99 for packing
supplies on June 7 and $5.19 for ribbon
on June 8. What are Heather’s available
funds now?
C
$2.77
A
$5.69
C
$19.87
D
$7.72
B
$0.67
D
$5.86
© Houghton Mifflin Harcourt Publishing Company
Date
Name
17.4
?
Personal Finance
Literacy—5.10.C
MATHEMATICAL PROCESSES
5.1.E
Paying Bills
Essential Question
What are the advantages and disadvantages of
different ways to pay bills?
You go into a store and see something you want to buy. Should you pay with
cash, the money in your wallet, or another way?
A check is a written order asking a bank to pay a certain amount from your
account. Sometimes it takes several days for a bank to pay the amount on a
check. In your checkbook, there is a place to record how much you have and
how much you spend.
A credit card is an identification card issued by a bank that allows a user to
buy items and services immediately and pay the cost at a later time. The bank
might charge the user interest in exchange for the use of the money.
A debit card is an identification card issued by a bank that allows a user to
immediately use money from an account. You have a personal identification
number (PIN) to keep it safe.
Unlock
Unlock the
the Problem
Problem
Mrs. Pastella wants to buy an easel for $100 at
a store. She has no cash with her. Complete the
table below to help her determine the method of
payment she should use.
Write the letter of the statements to show the
advantages and disadvantages of each method.
A statement can go in more than one place.
Advantages
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Check
Disadvantages
A. PIN can make it secure
I. Can buy now and pay later
B. May owe more money
than I can pay back
J. Need to remember PIN
C. Could be bulky to carry
K. Need to have enough in
my account
D. Less likely to overspend
L. Could lose the card
E. Takes time to write it out
M. Can run out of checks
F. Convenient and easy to
carry around
G. Provides a space to
record expenses
H. Easy to forget to record
how much I spend
N. May have to pay interest
O. Could be stolen
Credit Card
Debit Card
Module 17
635
Example 1
Sometimes it is not possible to use cash or a check. In such cases, you can
use a credit card or one of several methods of electronic payment. These
methods are especially useful when you shop online.
Some companies offer money transfer services to send money
immediately from your account to the seller. There is usually a
fee for the service.
Some sellers let you pay the cost in several parts. You set up automatic
payments that transfer a set amount of money from your account at
specific times. You usually pay a fee for spreading out the payments.
Automatic payments are also useful for bills that occur regularly.
Write the letter of the statements to show the advantages and
disadvantages of each method of payment. A statement can go
in more than one place.
Advantages
A. Useful for monthly bills
B. Can buy now and pay
later
C. May have to pay a fee or
interest
D. Convenient and easy to
carry around
E. May forget that a
payment will be made
F. Fast way to send money
G. May owe more money
than I can pay back
H. Need to have enough in
my account
I. Could be stolen
Disadvantages
Credit Card
Money
Transfer
Automatic
Payments
Share
Share and
and Show
Show
PRICE OF A COMPUTER
payments:
C-Mart Computer Store:
Cash:$625
4 × __ + 4 × __ = __ + __
ComputerWorld.com
= __.
2. The total cost of buying a computer online using a credit card:
__ + __ = __
Math Talk
Mathematical Processes
Which method would you use to
buy the computer and why?
636
Automatic Payments:
4 easy payments of
$150 + $10 fee per payment
Credit Card: $575 + Interest*
*Interest: $50
© Houghton Mifflin Harcourt Publishing Company
1. The total cost of buying a computer online using automatic
Name
Problem
Problem Solving
Solving
3. Apply Name one method of payment that allows you to use money
in your account and one method that alows you to pay the amount
at a later time.
4.
Analyze What are the advantages and
disadvantages of the methods you chose in Exercise 3?
Problem
Problem Solving
Solving
5.
Multi-Step Ty researches
how much he would pay if he used various
methods of payment to buy a chemistry set.
If he pays $0.10 in interest for every dollar
on his credit card, which method should
he use to buy the chemistry set? Explain.
Price of a Chemistry Set
ABC Toys
Cash: $175
Check or Debit Card:
$175 + $5 processing fee
Books.com (free shipping!)
Automatic Payments:
4 payments of $30 + $40 fee
© Houghton Mifflin Harcourt Publishing Company
Credit Card: $150 + interest
6. Liam’s bank pays the amount on a check five days after it
is written. If Liam wants to make a payment immediately,
which method of payment could he use? Explain.
Module 17 • Lesson 4
637
Mathematical Processes
M
Model ¥ Reason ¥ Communicate
M
Daily
Daily Assessment
Assessment Task
Task
Fill in the bubble completely to show your answer.
7. Jen wants to buy a camera. Which method will let her buy now and
pay later?
A
check
B
cash
C
credit card
D
money transfer
8. Antoine owes $684. He can make six monthly automatic payments with
a $2.50 fee for each payment, or he can pay using a credit card. If he uses
his credit card, he will pay $30 in interest. How much money does he
save by using automatic payments?
A
$15
C
$116.50
B
$114
D
$16
9. Multi-Step Lester buys a sofa for $560. He pays $200 first and pays the
rest over 6 months using automatic payments. How much will he pay
each month?
A
$360
B
$60
C
$93.33
D
$126.67
TEXAS Test Prep
638
A
You can buy now and pay later.
B
The money is transferred immediately.
C
You can pay using money in your account.
D
You may have to pay interest on the amount.
© Houghton Mifflin Harcourt Publishing Company
10. Which of the following is an advantage of using a check to pay bills?
H o mewo rk
and Practice
17.4
Personal Financial Literacy—5.10.C
MATHEMATICAL PROCESSES 5.1.E
Name
Paying Bills
Angelina made a chart to compare the cost of buying a game
console using different payment methods. Use the chart for 1–4.
1. The total cost of buying a game console at Ed’s Discount
PRICE OF A GAME CONSOLE
Ed’s Discount Store: $229
Store is __.
2. The total cost of buying a game console online using
automatic payments: _ × ( _ + _ ) = _
3. The total cost of buying a game console using a
GameStore.com (free shipping)
Automatic Payments:
3 payments of
$75 + $5 per payment
Credit Card:
$219 + $10.95 interest
credit card: _ + _ = _
4. Why might Angelina choose to purchase the game console
using a more expensive payment method?
Problem
Problem Solving
Solving
5. Jada researches various methods of payment to buy a video
© Houghton Mifflin Harcourt Publishing Company
game. If Jada pays $0.03 in interest for every dollar on her
credit card, which method will be the least expensive? Which
method is the most expensive?
PRICE OF A VIDEO GAME
Paula’s Game Store
Cash: $49
Check or Debit Card:
$49 + $5 processing fee
Games.com (free shipping)
Automatic Payments:
2 payments of
$26 + $2 per payment
6. Oliver pays $0.05 interest for every $1 he spends using his credit
card. Explain how he can use mental math to find the total cost
of a $300 tablet computer.
Credit Card: $48
Module 17 • Lesson 4
639
TEXAS Test Prep
Lesson
Lesson Check
Check
Fill in the bubble completely to show your answer.
using a debit card as your payment method?
A
You can buy now and pay later.
B
A personal identification number helps
keep your account safe.
C
It is convenient to carry around.
D
You are less likely to overspend.
9. Multi-Step Charlotte wants to buy some
books online that have a total cost of $162. She
plans to make six equal monthly payments.
Each month, she will be charged a $1.75
processing fee. How much will Charlotte pay
each month?
A
$27.00
B
$25.25
C
$28.75
D
$27.75
11. Multi-Step Enrique buys a jacket for $35
640
8. Harrison pays $0.02 in interest for every $1
that he spends on his credit card. How much
interest will Harrison pay on the purchase of a
$78 camera bag?
A
$1.40
B
$1.56
C
$15.60
D
$79.56
10. Multi-Step Ethan wants to buy a new
watch that costs $112. He pays $0.04 in interest
for every $1 that he spends on his credit
card. How much will Ethan save by paying
with cash?
A
$2.80
B
$1.04
C
$0.45
D
$4.48
12. Multi-Step Paige finds a printer for $148 at an
and pants for $29. Sales tax is $0.07 for every
dollar of the purchase price. He pays a $2.75
processing fee for paying with a check. How
much will Enrique pay for his purchases?
online store. The cost of shipping the printer is
$20. If Paige plans to make four equal monthly
payments for the total cost, how much will she
pay each month?
A
$71.23
A
$37
B
$68.48
B
$42
C
$71.42
C
$32
D
$66.75
D
$40
© Houghton Mifflin Harcourt Publishing Company
7. Which of the following is NOT an advantage of