Word Problems Involving Money:

The five primary steps for solving algebraic word problems can be used for solving word problems including money. Writing algebraic expressions for these problems will be depends on the common relationship among the total value and the unit value of money.  The whole value of a collection of money or a collection of items with a certain monetary value equals the sum of the numbers of items each multiplied by their unit values.  Therefore, the total value of five pennies, three nickels, four dimes, & two quarters is found by solving the subsequent equation:

x = 5($0.01) + 3($0.05) + 4($.10) + 2($0.25)

x = $0.05 + $0.15 + $0.40 + $0.50

x = $1.10

The  total  value  of  25  tickets  worth  $1.50  each  and  30  tickets  worth  $0.75  each  is 25($1.50) + 30($0.75) which is equals $37.50 + $22.50 or $60.00. Algebraic word problems including money are solved using this general relationship subsequent the same five primary steps for solving any algebraic word problems.