In math class we have been learning about Finance literacy. it is really fun!
Before we start the slide we had to answer some question. That was easy!
DEBT
The next thing was debt it was ok because some of us did not get it but then the teacher. so that really helped.
Debt is your money on the card so you don’t have to pay someone back.
This is what I did.
This is my explanation.
Will debt can be a lot of stuff. Like if they are not paying their bills they will have to pay more if they do not pay the bills. Or when you get money for someone and they say you have to pay them back but you don’t that is also debt.
CREDIT
The 3rd thing that we had to do is credit.
Credit is someone else money and you have to pay that back because it ends and if u don’t you go in to debt.
This is my explantion.
Credit is the opposite of debate. Debet is ours money. but credit the money there is not ours it is someone else’s and u have to pay them back.
TAXES IN CANADA
This next thing is taxes in Canada.
There are 3 different taxes there are, income tax, sales tax, and property tax.
Taxes are like this, so if you go to the store and buy something and that thing is $1.99. you will have to pay more then what it says.
This is my explanation.
Taxes is like you pay extra because if you buy something you have to pay extra. (depends what the thing is).
UNIT RATES
I don’t know how to explain this so here it is.
so if you have 64 books with 4 selves. so if you divide that.
64 divided by 4= so you will have 16 books on each selves.
BETTER VALUE
OK this one is better value. So better value is think this,
25 apples for $5 and 21 apples for $3.
you have to divide
so 25 divied by 5 = 5 so you will get 5 apples for $1
21 divied by 3= 7 so you will get 7 apples for $1
The better one is 7 apples for $1.