Need consumer math help?
If you're struggling in a consumer math or personal finance class, check out my math tutor chat or sign up for online tutoring.
Below you'll find two videos showing how to solve specific consumer math word problems, step by step.
Is this a good resource for taking tests?
No, this website is not appropriate for taking quizzes, tests, or exams. That would be cheating. We prepare for them by studying and practicing. Use this website for homework, practice problems, or sample problems.
Sample Consumer Math Word Problems
The following video shows how to solve this consumer math problem:
Aaron had an unpaid balance of $1634.83 on his credit card statement at the beginning of November. . . . from Can Do Math on Vimeo.
The next video shows how to solve a similar problem about paying down a credit card:
Your credit card statement for October reads:
- Oct. 1. Previous balance: $116.12
- Oct. 11. Purchases: $84.84
- Oct 22. Payment: $95.00
The credit card has an interest rate of 2.5% on the average daily balance. What is average daily balance, the finance charge for the month, and the new balance on November 1?
Related:
- Review how to solve percentage word problems.
- Watch a video that shows how to write an exponential function to find out the value of a car that depreciates by 1/6 of its value every year.
I hope you've found this page useful and that you'll come back when you need personal finance or consumer math help. Thanks for visiting Can Do Math!
--Ms. Maguire