Math Example--Math of Money--Labor, Income, and Expenses--Example 7

Topic

The Math of Money

Description

The image shows an example using a base-10 model to calculate how much money is saved from earnings. For every $10 earned, $1 is saved in the bank. A grid is shaded in red for money spent and green for money saved, showing a total savings of $10. This example illustrates Example 7: Suppose that for every $10 you earn from doing chores, you save $1 in the bank. how much money will you save if you earn $100? Solution: 1. Use a base-10 model. For every column of 10, shade in red the money spent and shade in green the money saved. 2. Count the green squares. Total saved: $10.

The topic of The Math of Money involves practical examples of how mathematics is applied to everyday financial concepts, such as labor expenses, income calculations, and financial planning. The examples in this collection demonstrate real-world scenarios, providing students with relatable contexts to deepen their understanding.

Seeing multiple worked-out examples is crucial for students to fully grasp a concept. Each example reinforces understanding by highlighting different aspects of the topic, enabling students to build confidence and improve problem-solving skills.

Teacher Script: Let's analyze this example. Suppose that for every $10 you earn from doing chores, you save $1 in the bank. How much money will you save if you earn $100? Solution: 1. Use a base-10 model. For every column of 10, shade in red the money spent and shade in green the money saved. 2. Count the green squares. Total saved: $10. Observe the details carefully. This approach helps us break down the problem into manageable parts, leading to a better understanding of the process.

For a complete collection of math examples related to The Math of Money click on this link: Math Examples: Labor and Expenses Collection.