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Laabri

Monopoly: The Real-World Money Challenge

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Last updated about 3 hours ago
17 Nsɛmmisa

Today’s in-class activity uses Monopoly-style turns to practice budgeting, decimals, and percent reasoning. Read each prompt carefully and show your work when asked.

Take-a-Turn Word Problems
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1.

Put the steps of a Monopoly turn in the correct order.

  1. Move your token that many spaces

  2. Read what space you landed on

  3. Buy/pay rent/draw a card (do the action)

  4. End your turn (or take allowed extra actions)

  5. Roll the dice

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2a.

If you buy the property, how much money do you have left?

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3.

You must pay “income tax.” Option A is $$200$. Option B is $10%$ of your current cash. You currently have $$1{,}650$. Which option costs less?

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4.

A property’s rent increases from $$18$ to $$24$ after a house is added. What is the percent increase?

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5.

You have $$325.75$. You pay a fee of $$48.60$ and then collect $$25.00$.\n\nHow much money do you have now?

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6a.

Which statement best describes the money decision you made this turn?

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7.

Put the steps of a typical Monopoly turn in the correct order.

  1. Land on a space

  2. Decide what to do (buy/pay/draw)

  3. End your turn

  4. Roll the dice

  5. Move your token

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8.

Rent on a property is $$18$. With one house, the rent becomes $$30$.\n\nWhat is the percent increase in rent?

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9.

Monopoly Tax Choice: You must pay Income Tax. Option A is $10%$ of your cash. Option B is a flat $$200$.\n\nIf you currently have $$1{,}500$, which option costs less?

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10.

You have $$95.00$. You land on a space where you must pay a fee of $$27.35$.\n\nHow much money do you have left?

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11.

Put the steps of a typical Monopoly turn in the correct order.

  1. Land on a space

  2. Roll the dice

  3. End your turn

  4. Move your token

  5. Decide what to do (buy/pay/draw)

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12.

Rent on a property is $$18$. With one house, the rent becomes $$30$.\n\nWhat is the percent increase in rent?

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13.

Monopoly Tax Choice: You must pay Income Tax. Option A is $10%$ of your cash. Option B is a flat $$200$.\n\nIf you currently have $$1{,}500$, which option costs less?

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2b.

If you do not buy the property and must pay rent of $$12.50$, how much money do you have left?

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2c.

Which choice leaves you with more cash right now?

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6b.

How much money do you have after paying the fee?

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6c.

How much money do you have right after buying the property (before the fee)?