10 Questions
What are the five steps outlined by Mathskills4kids to tackle money word problems effectively?
- Read Carefully 2. Set Up Equations 3. Choose Appropriate Operations 4. Solve the Equation 5. Check Answer
In a money word problem, how can keywords like 'total,' 'change,' 'spent,' 'earned,' 'saved' help in identifying the required operation?
Keywords like 'total,' 'change,' 'spent,' 'earned,' 'saved' can indicate the operation needed to solve the problem.
If John earned $80 and saved $30, how much does he want to save if he wants to save half of his earnings?
$40
If Sarah spends $6 on a toy and has $11 left, how much did she spend in total?
$7
Explain the importance of verifying the accuracy of the solution in a money word problem.
Verifying the solution ensures that the answer obtained is correct and makes sense within the problem context.
John saves $30 out of his $40 earnings. What fraction of his earnings does this represent?
$\frac{3}{4}$
A bookstore offers a 20% discount on books priced at $20.25 each. If you buy 5 books, what is the total cost after the discount?
$81.00
If you have $75 and need to buy groceries that cost $92.50, how much more money do you need to borrow?
$17.50
You went shopping and bought items that cost $12.99, $8.75, and $19.50. If you had $50, how much change would you receive?
$8.76
A store offers a buy-one-get-one-half-off deal on shirts priced at $25 each. If you buy 3 shirts, what is the total cost?
$62.50
Study Notes
Mastering Grade 5 Math Word Problems: A Focus on Money
Word problems involving money are a common application of mathematical skills at the grade 5 level. These problems require understanding of basic operations like addition, subtraction, multiplication, and division. Solving money word problems helps students develop critical thinking and problem-solving abilities that extend beyond mathematics.
Understanding Key Concepts
To tackle money word problems effectively, consider the following five steps outlined by Mathskills4kids:
- Read Carefully: Ensure that the problem is understood correctly by identifying key terms and operations.
- Set Up Equations: Organize the known and unknown values using appropriate mathematical notation.
- Choose Appropriate Operations: Identify the operation required to solve the problem based on keywords like "total," "change," "spent," "earned," "saved."
- Solve the Equation: Apply the chosen operation to determine the value of the unknown quantity.
- Check Answer: Verify the accuracy of the solution and make sure it makes sense within the context of the problem.
Practice Examples
Here are three sample problems illustrating different types of money word problems:
Problem 1
If Sarah spends $6 on a toy and has $11 left, how much did she spend in total?
Solution: Sarah spent a total of $7 on the toy.
Problem 2
John earned $80 and saved $30. He wants to save half of his earnings. What portion of his savings represents half?
Solution: John saves half of his earnings ($40) by setting aside $30.
Problem 3
A bookstore sells books for $20.25. It also offers a discount of 20%. What is the sale price if the store sold 5 books?
Solution: The sale price would be $91.00 ($20.25 * 5 + $11.375).
Real-Life Applications
Money word problems can arise in everyday life and require quick mental calculations. For example, determining the change due after paying for groceries, figuring out how much money needs to be borrowed to reach a desired amount, or estimating the total cost of items purchased during a shopping trip.
By practicing and improving their skills in solving money word problems, students gain a strong foundation in mathematics and enhance their ability to apply these concepts to real-world situations.
Test your skills in solving grade 5 level money word problems involving addition, subtraction, multiplication, and division. Enhance your critical thinking and problem-solving abilities through practice examples and real-life applications.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
