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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.  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?


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