How to Solve Multi-step Word Problems of Money
Multi-step word problems are just like they sound: they are problems that require more than one step to solve. With money, these steps often involve adding, subtracting, multiplying, or dividing amounts of money.
A Step-by-step Guide to Solving Multi-step Word Problems of Money
Here’s a step-by-step guide for solving multi-step word problems involving money:
Step 1: Read and Understand the Problem
First, carefully read the entire problem. Make sure you understand what the problem is asking.
Step 2: Identify the Information
Next, identify the important information given in the problem. This could be how much money someone has initially, how much they spend, or the price of items they buy.
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Step 3: Plan Your Steps
Figure out what steps you need to take to solve the problem. This could involve adding, subtracting, multiplying, or dividing amounts of money.
Step 4: Do the Math
Perform the math operations in the order you’ve determined. Be sure to follow the order of operations when it’s required (multiplication and division before addition and subtraction).
Step 5: Check Your Answer
Finally, check your answer to make sure it makes sense and answers what the problem was asking.
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