Algebra Word Problems – Money

The examples on algebra word problems – money will help us to learn how to write and solve equations involving money.

Steps involved for calculating practical money problems:

 Read the problem carefully and note what is given in the question and what is required to find out.

 Denote the unknown by any variables as x, y, …….

 Translate the word problem to the language of mathematics or mathematical statements into equations.

● Form the linear equation in one variable according to the conditions given in the problems.

 Solve the equation for the unknown.

 If you want to re-check verify the answer to be sure whether the answer satisfies the conditions of the problem.

The detailed explanation will help us to understand how to solve the algebra word problems – money.

1. Donna, Chris, and Austin have a total of $93 in their wallets. Donna has $7 more than Chris. Austin has 3 times what Donna has. How much do they have in their wallets?


Let the amount in Chris’s wallet be $x

Donna has $7 more than Chrish's wallet = $(x + 7)

Austin has 3 times than Donna's wallet = $3(x + 7)

According to the problem, Donna, chris, and Austin have a total of $93 in their wallets.


x + (x + 7) + 3(x + 7) = 93

x + x + 7 + 3x + 21 = 93

  5x + 28 = 93

      - 28   -28     (subtract 28 from both sides)

  5x        = 65

or, 5x/5 = 65/5    (Divide both sides by 5)

x = 13

Amount in Chris wallet = $x = $13

Amount in Donna's wallet = $(x + 7) = $(13 + 7) = $20

Amount in Austin 's wallet = $3(x + 7) = $3(13 + 7) = $3(20) = $ 60


Answer: Amount in Chris’s wallet: $13
             Amount in Donna's wallet: $20
             Amount in Austin's wallet: $60

Related Concepts

Math Questions Answers
Help with Math Problems
Answer Math Problems
Math Problem Solver
Math Unsolved Questions
Math Questions
Math Word Problems
Word Problems on Speed Distance Time
Algebra Word Problems – Money

Math Problem Answers Index

From Algebra Word Problems – Money to HOME PAGE

Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.

New! Comments

Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.

Share this page: What’s this?

Recent Articles

  1. Worksheet on Word Problems on Fractions | Fraction Word Problems | Ans

    Jul 16, 24 02:20 AM

    In worksheet on word problems on fractions we will solve different types of word problems on multiplication of fractions, word problems on division of fractions etc... 1. How many one-fifths

    Read More

  2. Word Problems on Fraction | Math Fraction Word Problems |Fraction Math

    Jul 16, 24 01:36 AM

    In word problems on fraction we will solve different types of problems on multiplication of fractional numbers and division of fractional numbers.

    Read More

  3. Worksheet on Add and Subtract Fractions | Word Problems | Fractions

    Jul 16, 24 12:17 AM

    Worksheet on Add and Subtract Fractions
    Recall the topic carefully and practice the questions given in the math worksheet on add and subtract fractions. The question mainly covers addition with the help of a fraction number line, subtractio…

    Read More

  4. Comparison of Like Fractions | Comparing Fractions | Like Fractions

    Jul 15, 24 03:22 PM

    Comparison of Like Fractions
    Any two like fractions can be compared by comparing their numerators. The fraction with larger numerator is greater than the fraction with smaller numerator, for example \(\frac{7}{13}\) > \(\frac{2…

    Read More

  5. Worksheet on Reducing Fraction | Simplifying Fractions | Lowest Form

    Jul 15, 24 03:17 PM

    Worksheet on Reducing Fraction
    Practice the questions given in the math worksheet on reducing fraction to the lowest terms by using division. Fractional numbers are given in the questions to reduce to its lowest term.

    Read More