Sydney Kate’s mom gave her $10 for allowance. Sydney Kate owed her dad $10 for the cool pair of socks that he purchased for her. How much money did Sydney Kate have left?
Understand the Problem
This problem presents a simple scenario involving money. Sydney Kate receives money and owes money. The question asks to calculate the net amount of money Sydney Kate has left after considering both the income (allowance) and the debt (socks).
Answer
\$2
Answer for screen readers
$2
Steps to Solve
- Calculate the total amount of money Sydney Kate received
Sydney Kate received $5 as an allowance. This is the total amount of money she received.
- Calculate the total amount of money Sydney Kate owes
Sydney Kate owes $3 for the socks.
- Calculate the net amount of money Sydney Kate has
To find the net amount, subtract the amount she owes from the amount she received:
$5 - 3 = 2$
$2
More Information
This is a simple arithmetic problem involving addition and subtraction, representing basic financial transactions.
Tips
A common mistake is to add the money Sydney Kate received and the money she owes instead of subtracting. This would lead to an incorrect answer. Always remember to subtract debts from income to find the net amount.
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