Grade 5 Math · Financial Literacy

Credit and debt

Track a running credit-card balance through charges and payments to understand how credit and debt work. Unlimited questions, five difficulty levels, and a full worked solution every time — free.

Practice this skill Curriculum: G5-F1.4

Try one

Her uncle uses a credit card to buy new soccer cleats for $30.00. Another $30.00 is charged to the card. A payment of $55.00 is made on the card. How much is owed on the card now?

Answer: 5

See one solved, step by step

His aunt uses a credit card to buy a winter coat for $45.00. A payment of $25.00 is made on the card. Another $5.00 is charged to the card. How much is owed on the card now?

📘 Worked solution
1Start: $45.00 owedBuying a winter coat on credit means that amount is now owed on the card — that's debt.
2$45.00 - $25.00 = $20.00A payment reduces the amount owed.
3$20.00 + $5.00 = $25.00A new charge adds to the amount owed.

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