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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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*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?

- 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