Testinar Grade 6 math

Personal Financial Literacy

Students will build Grade 6 mastery of personal financial literacy using models, equations, and test-style reasoning.

CH01-11 Ratios, Rates, and Percents

Directions Solve each problem. Show your reasoning on the page or on separate paper. Check the answer key only after finishing.

Alina earns $$400$ each month. She saves $15\%$ of her income for college. How much does she save each month?
1. $$15$
2. $$40$
3. $$60$
4. $$85$
Marcus earns $$250$ per week. He wants to save $20\%$ of his earnings. How much will he save in one week?
1. $$20$
2. $$100$
3. $$70$
4. $$50$
The table below shows how Maria budgets her monthly allowance of $$80$. How much of her allowance does Maria allocate to Savings?
1. $$24$
2. $$20$
3. $$16$
4. $$30$
Jordan receives $$120$ monthly as income. He spends $$45$ on lunch, $$30$ on entertainment, and $$20$ on transportation. How much does he have left?
1. $$20$
2. $$25$
3. $$35$
4. $$40$
Sarah opens a savings account with $$500$ earning a simple interest rate of $4\%$ per year. Using the formula $I = P \times r \times t$, how much interest will she earn in $2$ years?
1. $$20$
2. $$100$
3. $$80$
4. $$40$
Tanya earns $$600$ per month. Her fixed expenses are $$180$ for rent, $$60$ for utilities, and $$60$ for food. What percentage of her income goes to these fixed expenses?
1. $30\%$
2. $40\%$
3. $50\%$
4. $60\%$
Keisha uses a debit card to purchase a video game for $$45$. What will happen to her bank account?
1. The bank lends her $$45$
2. The balance decreases by $$45$
3. She earns $$45$ in interest
4. The balance increases by $$45$
Emma wants to save for a bike that costs $$200$. She saves $$25$ per month. How many months will it take her to save enough for the bike?
1. $6$ months
2. $12$ months
3. $10$ months
4. $8$ months

Teacher and parent reference

Answer key and explanations

C. $$60$
$15\%$ of $$400$ is $0.15 \times 400 = $60$.
D. $$50$
$20\%$ of $$250$ is $0.20 \times 250 = $50$.
A. $$24$
$30\%$ of $$80$ is $0.30 \times 80 = $24$.
B. $$25$
Total expenses: $$45 + $30 + $20 = $95$. Remaining: $$120 - $95 = $25$.
D. $$40$
$I = $500 \times 0.04 \times 2 = $40$.
C. $50\%$
Total fixed expenses: $$180 + $60 + $60 = $300$. Percentage of income: $\frac{$300}{$600} = \frac{1}{2} = 50\%$.
B. The balance decreases by $$45$
A debit card draws directly from her bank account, reducing the balance by the purchase amount. Credit cards defer payment (she borrows); interest is earned on savings, not debit purchases; and balances don't increase from purchases.
D. $8$ months
$\frac{$200}{$25 \text{ per month}} = 8$ months.