Negative account balances signify debt. Debt is money that you owe or the amount of money that needs to be paid to achieve an even or zero balance.

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1 Name Date Absolute Value in Word Problems - Step-by-Step Lesson Lesson 1 Money Problem: Barry has a bank account with a balance of $ Barry owes $32.00 to his credit card company and he owes $20.00 for a yearbook. What would Barry s bank balance be, if both debits were paid? Explanation: Negative account balances signify debt. Debt is money that you owe or the amount of money that needs to be paid to achieve an even or zero balance. Barry has a bank account balance of $50. He has to pay $32.00 for his credit card and $20.00 for a yearbook So his total expenses = $ $20.00 = $52 He has a balance of $50 and he has to pay $52. So the balance of his account after paying all expenses = $50 - $52 = -$2 He has a negative account balance of -$ 2.

2 Name Date Absolute Value in Word Problems - Guided Lesson Complete the following problems: 1) Three roommates were looking at their debts. Cadent is in $ of debt. Dahlia has $ of debt. Edie has a positive bank balance of $ Who owes the most money? 2) Marin buys a DVD for $20, a game for $25, and a chocolate cake for $20. She paid for those purchases with her credit card. Marin has a bank account with a balance of $70. How much will her purchases cost her? What will Marin s bank balance be, after her credit card bill is fully paid? 3) Murray spends $19.00 for a collage bag and spends $14.00 on pencils and pens. His friend William joins him and spends $20.00 on pencils. Murray has paid the entire amount from his account. Murray previously had a bank account balance of $40. How much will the purchase cost him? Find the remaining balance of Murray s account after all expenses have been paid?

3 Name Date Absolute Value in Word Problems - Guided Lesson Explanation Explanation#1 Debts and negative balances signify the amount of money owed. Positive balances signify money that is available to be spent. Let s look at the debts or balances everyone is carrying. We will signify debts as negative values. Cadent has $ of debt = -$ or owes $ Dahlia has $ of debt = -$ or owes $ Edie has a positive bank balance of $ or + $ So Cadent has highest negative balance at -$ Explanation#2 Let s start by totaling all the debts. Her total expenses = ($ $ $20.00) = $65 She has a balance of $70 and she has to pay $65. So, the balance of her account after paying all expenses: $70 - $65 = $5. She has a positive account balance of $5. Explanation#3 Let s sum up all the debts first. Her total expenses = ($ $ $20.00) = $53 She has a balance of $40 and she has to pay $53. The balance of her account after paying all expenses = $40 - $53 = -$13. She has a negative account balance of -$13.

4 Name Date Absolute Value in Word Problems - Independent Practice Worksheet Complete all the problems. 1. The employees were looking at their debts. Gomez is in $ of debt; Cole has $ of debt. Ford has $ of debt. Simpson has a positive bank balance of $ Who owes the most money? 2. Henry spends $90.00 on lunch and spends $16.00 on bananas. Hicks spend $ on clothes. Henry borrowed money from Hicks to buy his items. In other words, Hicks paid for Henry. Hicks has a bank account with a balance of $250. How much will the purchase cost him? What would Hick s bank balance be after all the debts were paid? 3. Burns has a bank account with a balance of $ Burns paid $35.00 to his credit card and he spends $40.00 for a hamburger. What would Burns s bank balance be, after both debits were paid? 4. Ramos spends $36.00 on a t-shirt and spends $20.00 on a hot dog. Daniels spends $50.00 on shoes. Ramos has a bank account with a balance of $100. How much will the purchase cost him? What would Ramos bank balance be after all the debts were paid? 5. Palmer goes to L.A. one weekend. He has a bank account with a balance of $ Palmer spent $90.00 for the hotel, $ for food, and $100 for a car rental. What would Palmer s bank balance be after all debts were paid?

5 Name Date 6. Henry s room rent is $40. His electricity bill is $10 and food expenses are $15. His job deposited his salary of $60 into his bank account. What would be the balance remaining after paying his monthly expenses? 7. George went to the general store to buy provisions. He bought food items worth $35. He had a $25 gift card for the store and he also paid $5 in cash. How much debt does George have with the store? 8. The students were looking at their debts. Holmes is in $90.00 of debt. Reyes has $67.00 of debt. Dixon has $79.00 of debt. Hunter has a positive bank balance of $ Who owes the most money? 9. Robinson s hotel room rent is $80. His food bill is $30 and the taxi costs him $20. His company deposits his salary of $100 into his bank account. What would be the balance remaining after paying his monthly expenses? 10. Daniels goes to the shopping center. He has a bank account with a balance of $ Daniels paid $45.00 for a cell phone with her credit card. She also spends $150 on an ipod and $100 for a taxi. What would Daniel s bank balance be, after all debits were paid?

6 Name Date Absolute Value in Word Problems - Matching Worksheet Match the word problems to their answers. Write the letter of the answer that matches the problem. 1. Spencer has a bank account with a balance of $ Spencer owes $30.00 to her credit card and she owes $50.00 for a LCD TV. What would Spencer s bank balance be, if both debits were paid? 2. Ruiz wants to buy a coffee machine that costs $ How much would the cashier give Ruiz if she gives the cashier a $100 bill? 3. Last Wednesday, Bradley had $15. Over the weekend he received $25 for gardening. How much does Bradley have now? 4. William went to the shop with $ He bought a bag, water bottle and shirt. He came home with $1.50. How much money did he spend? 5. Riley s mom has asked him to go to the supermarket and buy food for dinner. She has given Riley $25. Riley spends $11.00 for ham, $5.00 for lettuce, $8.00 for one bag of mushrooms and $5.00 for ice cream. How much money is Riley short? 6. Elliott buys a pizza slice for $12, French Fries for $15, and a cheese burger for $20. She paid that amount with her credit card. Elliott has a bank account with a balance of $40. What would Elliott s bank balance be, if all debits were paid? a. $18.50 b. -$7 c. -$5 d. $40 e. -$4 f. -$10 7. Hot dogs are $10.00, orange drinks are $20.00, chips are $25.00, and popcorn is $ Austin bought two hot dogs, a bag of popcorn, and an orange drink. Austin s bank account balance is $50. What would his balance be after paying all these expenses? g. $55