You may encounter math problems involving money. Financial problems that you can solve using algebra include the following:
- Monthly savings
- Paying off a balance
- Determining a cost of a set of items
- Determining the amount of earnings
- Determining the amount of income taxes owed
- Determining the amount of sales taxes
- Earnings involving commission
Other types of problems where you may want to use algebra involve rates and accumulation of items, such as the following:
- Car mileage
- Distance traveled
- Combined weight or mass of objects
Before you can use algebra to solve these, and many more, types of problems, you need to know how to write equations for a problem situation. In this lesson, you will investigate different ways that you can write those equations.