Modes of Transport & Cost of Owning a Car
(130 Students)
Activity Description
In this worksheet activity,
- Students will begin by analyzing a pie chart that shows the percentage of different modes of transport used by Americans.
- They will then choose a car from a given list of four options as their preferred vehicle. For the selected car, loan details will be provided based on a 20% down payment with the remaining amount financed over 5 years at an 8% interest rate.
- Students will then select the number of miles they travel daily for their commute, and based on this, they will see a breakdown of different expenses including monthly loan payments, insurance payments, maintenance charges, and fuel costs.
- Finally, they will answer a series of questions related to their choices and calculations. This activity helps students understand the financial implications of owning and maintaining a car.
Learning Objective
The learning objective of this activity is for students to analyze the true costs of owning a car and understand the financial implications associated with car ownership, including expenses such as loan payments, insurance, fuel costs, and maintenance.
Teacher Tips
Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).
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