Remember: Interest on a loan compounds too: unpaid, the pile owed grows faster each year.
Questions
1
A loan of one hundred coins stays unpaid. Which wait grows it to one hundred ten?
waiting five years to paywaiting one year to paywaiting nine years to pay
2
🪙Does paying a little each year on a loan work against a borrower?
YesNo
3
Which one does not work against a borrower?
🏁paying a loan back early📈interest on a loan nobody has paid🗓️a loan nobody touches for years
4
Which one works for a saver or a borrower who pays?
📈interest on a loan nobody has paid🧮a pile owed that doubles in ten years⏳leaving savings alone for years
5
A loan of one hundred coins stays unpaid. Which wait grows it to one hundred thirty-three?
waiting one year to paywaiting nine years to paywaiting three years to pay
6
Which one works against a borrower?
🏁paying a loan back early📈interest on a loan nobody has paid🪙paying a little each year on a loan
7
Which one works for a saver or a borrower who pays?
📈interest on a loan nobody has paid🌳coins growing in a savings garden🔁interest charged on interest owed
8
A loan of one hundred coins stays unpaid. Which wait grows it to two hundred twelve?
waiting seven years to paywaiting nine years to paywaiting eight years to pay
9
A loan of one hundred coins stays unpaid. Which wait grows it to one hundred sixty?
waiting five years to pay🔟waiting ten years to paywaiting one year to pay
10
Which one works against a borrower?
🏁paying a loan back early⏳leaving savings alone for years🗓️a loan nobody touches for years
11
A loan of one hundred coins stays unpaid. Does waiting seven years to pay make it two hundred fifty-six?
YesNo
12
Which one works against a borrower?
🔁interest charged on interest owed⏳leaving savings alone for years🌳coins growing in a savings garden
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Answer key · Set B
Compound interest against you
1waiting one year to pay
2No
3paying a loan back early
4leaving savings alone for years
5waiting three years to pay
6interest on a loan nobody has paid
7coins growing in a savings garden
8waiting eight years to pay
9waiting five years to pay
10a loan nobody touches for years
11No
12interest charged on interest owed
Mark each answer, count the right ones and write the score on the sheet.