Eugene agreed to pay back £95 a month for five years.
Nung has to pay back £490 per year for the next 12 years.
Julie needs to pay back £800 this year, £900 next year and then continue paying £100 more than the previous year for a total of six years.
Ted will pay back the amount he borrowed plus 10% interest.
Clive agreed to pay back a lump sum of £4000 and 6 installments of £200.
Rosie pays £20 in the first month. Each month after that she pays twice as much as the previous month for a total of eight months.
Six students borrow £5000 to help pay for their university course. Calculate how much each will have to pay back to the lender.
Topics: Starter | Arithmetic | Money
How did you use this starter? Can you suggest
how teachers could present or develop this resource? Do you have any comments? It is always useful to receive
feedback and helps make this free resource even more useful for Maths teachers anywhere in the world.
Click here to enter your comments.
Previous Day | This starter is for 15 July | Next Day
This activity is suitable for students of mathematics all around the world. Use the button below to change the currency symbol used to make it more relevant to your students. You may wish to choose an unfamiliar currency to extend your students' experience.
Sign in to your Transum subscription account to see the answers
Your access to the majority of the Transum resources continues to be free but you can help support the continued growth of the website by doing your Amazon shopping using the links on this page. Below is an Amazon link. As an Amazon Associate I earn a small amount from qualifying purchases which helps pay for the upkeep of this website.Educational Technology on Amazon
Teacher, do your students have access to computers such as tablets, iPads or Laptops? This page was really designed for projection on a whiteboard but if you really want the students to have access to it here is a concise URL for a version of this page without the comments:
However it would be better to assign one of the student interactive activities below.
Here is the URL which will take them to a related student activity.
Images of students used in this Starter are courtesy of photostock FreeDigitalPhotos.net