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.
If you don't have the time to provide feedback we'd really appreciate it if you could give this page a score! We are constantly improving and adding to these starters so it would be really helpful to know which ones are most useful. Simply click on a button below:
This starter has scored a mean of 3.2 out of 5 based on 128 votes.
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 search box and some items chosen and recommended by Transum Mathematics to get you started.
Teacher, do your students have
access to computers? 

Here a concise URL for a version of this page without the comments.
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