Consumer math

Consumer math is a field of mathematics, which shows you how to use your basic math skills to real life situations such as buying a car, budgeting your money, investing, paying taxes, getting a mortgage, etc... 

Here is what you should expect from these lessons about consumer mathematics.

  • The topics presented are basic, simple, and right to the point.
  • The lessons will help you build your vocabulary.
  • You will feel comfortable using math in real life situations.

Topics will be added on a regular basic. Please stay tune for updates!

Some key topics in consumer math that you need to know

Consumer math

Buying a house

Mortgage loans
Learn about some important basic math skills that you need to know in calculating your mortgage loans.

Real state tax
Learn how a property tax is calculated using some basic math skills.

Topics in investment

Learn about what bond, face value, and how to calculate the cost of bond given the face value and the percent shown on the face value.

Savings bond
Learn about redemption value and how to calculate the interest given the redemption value and the cost of the bond.

Simple interest
Learn how to compute the interest for a principal that is not reinvested.

Compound interest formula
The compound interest formula is explained.

Compound interest word problems
Learn how to use the compound interest formula with these word problems.

Simple versus Compound interest
Learn the difference between simple and compound interest.

Rule of 72
Find out how long it will take your money to double.

Why the rule of 72 works
Find out where the 72 came from and why it makes sense.

Buying a car

Understanding car financing

Learn about some basic terms used when financing a car and some basic mathematics skills you will encountered.

Income and expenses

Adjusted gross income
Learn to calculate your adjusted gross income.

Calculate taxable income
Learn to calculate your taxable income.

Calculate take home pay
Learn to calculate how much money you take home with you after taxes and/or deductions.

Estimate gas cost
Learn to calculate how much money you spend on gas with an easy to use formula.

Buying stuff

Price discount
Learn how to find the price of items after the price has been discounted or reduced.

Baseball statistics

Calculate baseball statistics
Learn how to find baseball statistics such as batting average, fielding percentage, and so forth using basic math skills.

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