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Below you'll find two videos showing how to solve specific consumer math word problems, step by step.
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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.
- 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?
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