Refer to our Texas Go Math Grade 6 Answer Key Pdf to score good marks in the exams. Test yourself by practicing the problems from Texas Go Math Grade 6 Module 18 Quiz Answer Key.
Texas Go Math Grade 6 Module 18 Quiz Answer Key
Texas Go Math Grade 6 Module 18 Ready to Go On? Answer Key
18.1 Choosing a bank
Question 1.
Ruby is trying to choose a bank. She does not write checks. She makes a withdrawal from the ATM once a week and buys coffee with her debit card 5 times a week.
What is Ruby’s monthly cost for each bank?
Answer:
Determine the monthly cost.
FN Bank
$2 × 4 = $8 ATM fee for withdrawal in a month
$8 + $1.50 = $9.50 monthly cost for FN Bank
Community Bank
5 × 4 = 20 use of debit card in a month
$0.50 × 20 = $10 monthly cost for Community Bank
The monthly cost for FN Bank is $9.50 while for Community Bank is $10.
18.2 Protecting Your Credit
Question 2.
Would one late credit card payment 2 years ago make you more likely or less likely to get a car loan?
Answer:
Having late payment in a credit card bill may affect the credit score of a customer. If a customer has a low credit score, he would less likely to be approved of a car loan. If a customer has a high credit score, he would more likely to get a car loan.
18.3 Paying for College
Question 3.
The cost for Roberta’s college next year is $11,000. She has a grant for $1,500 and a scholarship of $5,000. She plans to earn 40% of the remaining amount. How much will still be left to pay?
Answer:
Determine the amount left to be paid.
= $11,000 – ($1,500 + $5,000) add the grant and scholarship
= $11,000 – $6,500 subtract the total from the college cost
= $4,500
40% of $4, 500 = $1,800
$4500 $1,800 = $2,700 amount left to pay
The amount left to pay is $2,700.
18.4 Wages, Salaries, and Careers
Question 4.
The annual median income for an entry-level auto mechanic is $33,934. The annual median income for a senior auto mechanic is $50,856. How much more can a senior auto mechanic earn than an entry-level auto mechanic over 10 years?
Answer:
Compare the income of a senior auto mechanic and an entry-level auto mechanic over 10 years.
$33,934 × 10 = $339,340 income in 10 years as an entry-level auto mechanic
$50,856 × 10 = $508,560 income in 10 years as a senior auto mechanic
$508,560 – $339,340 = $169,220 difference on the income
A senior auto mechanic earns $169,220 more than the entry-level auto mechanic.
Essential Question
Question 5.
What are some things you can do to be a knowledgeable consumer?
Answer:
Being a knowledgeable consumer entails a lot of responsibilities. If you use a credit card for your purchases, make sure that you know the details of the charges given by the bank on the credit card. Avoid paying late the credit card bill because it will affect your credit history and the credit score. And if your credit score is low, it might result to nonapproval of loan.
Texas Go Math Grade 6 Module 18 Mixed Review Texas Test Prep Answer Key
Selected Response
Question 1.
Which situation describes the use of a credit card?
(A) Ryan entered his PIN to complete a transaction.
(B) Ryan overdrew his checking account.
(C) Ryan bought groceries and paid for them at the end of the month.
(D) After making a purchase, Ryan recorded the information in his check register.
Answer:
(C) Ryan bought groceries and paid for them at the end of the month.
Explanation:
Credit card is used when you purchase an item and pay for it at a later date.
Question 2.
Which of these can have a positive effect on your credit score?
(A) paying credit card balance monthly
(B) late payments
(C) a new job
(D) high monthly debt repayment
Answer:
(A) paying credit card balance monthly
Explanation:
Factors that have an effect on attaining a high credit score are payment history, amount owed to the credit company, duration of the credit, new credit, and type of credit.
Question 3.
Joel has an annual salary of $34,840. He works 40 hours a week, 52 weeks a year. How much does Joel earn per hour?
(A) $13
(B) $15
(C) $16.75
(D) $18
Answer:
(C) $16.75
Explanation:
Determine how much Joel earn in an hour.
$34,840 ÷ 52 weeks = $670 earnings in a week
$670 ÷ 40 hours = $16.75 earnings in an hour
Question 4.
Traci’s bank charges $2 for withdrawals at nonbank ATMs and a fee of $2.50 per month for a debit card. Last month she paid $10.50 in ATM and debit card fees. How many nonbank ATM withdrawals did she make?
(A) 2
(B) 4
(C) 5
(D) 8
Answer:
(B) 4
Explanation:
Determine the number of nonbank ATM withdrawals she made.
$10.50 – $2.50 = $8 subtract the debit card fee from the total amount paid
$8 ÷ $2 = 4 number of nonbank ATM withdrawals
Question 5.
Lacey is attending a university where the cost for one year is $10,500. She has a scholarship worth $6,000 and a grant worth $900. She earns $45 a day at her job. How many days does she need to work to pay for 50% of the remaining amount?
(A) 40
(B) 50
(C) 60
(D) 80
Answer:
(A) 40
Explanation:
Determine the number of days needed to pay for 50% of the remaining amount.
= $10,500 – ($6,000 + $900) add the scholarship and grant
= $10,500 – $6,900 subtract the total from the university cost
= $3,600 remaining amount
50% of 83,600 = $1,800 half of the remaining amount
81,800 ÷ 45 = 40 days number of days needed to work
Question 6.
The annual median income for a senior accounting clerk is $42,294. The annual median income for a senior accountant is $64,473. How much more can a senior accountant earn than a senior accounting clerk over 30 years?
(A) $22,179
(B) $66,537
(C) $16.75
(D) $665,370
Answer:
(D) $665,370
Explanation:
Compare the income of a senior accountant and senior accounting clerk over 30 years.
$64,473 × 30 = $1,934,190 income in 30 years of a senior accountant
$42,294 × 30 = $1,268,820 income in 30 years of a senior accounting clerk
$1,934,190 $1,268,820 = $665,370 difference on the income
The senior accountant earns D. $665,370 more than the senior accounting clerkover 30 years.
Gridded Response
Question 7.
Sally recorded the distances she ran for 5 days: 5 miles, 3.5 miles, 6 miles, 4.5 miles, and 5.5 miles. What is the mean number of miles Sally ran per day?
Answer:
Determine the mean number of miles
The mean number of miles ran by Sally is 49 miles.