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 one year to paywaiting two years to paywaiting nine years to pay
2
A loan of one hundred coins stays unpaid. Which wait grows it to one hundred sixty?
waiting five years to paywaiting six years to paywaiting two years to pay
3
Which one works against a borrower?
🪙paying a little each year on a loan📈interest on a loan nobody has paid🌳coins growing in a savings garden
4
A loan of one hundred coins stays unpaid. Which wait grows it to two hundred twelve?
waiting five years to paywaiting four years to paywaiting eight years to pay
5
Which one does not work against a borrower?
🪙paying a little each year on a loan🧮a pile owed that doubles in ten years🗓️a loan nobody touches for years
6
A loan of one hundred coins stays unpaid. Which wait grows it to one hundred thirty-three?
waiting three years to paywaiting eight years to paywaiting seven years to pay
7
A loan of one hundred coins stays unpaid. Does waiting nine years to pay make it one hundred forty-six?
YesNo
8
A loan of one hundred coins stays unpaid. Does waiting seven years to pay make it one hundred forty-six?
YesNo
9
Which one does not work against a borrower?
🌳coins growing in a savings garden🗓️a loan nobody touches for years🔁interest charged on interest owed
10
Which one works against a borrower?
🗓️a loan nobody touches for years🪙paying a little each year on a loan⏳leaving savings alone for years
11
Which one works for a saver or a borrower who pays?
🧮a pile owed that doubles in ten years🗓️a loan nobody touches for years⏳leaving savings alone for years
12
Which one works against a borrower?
🧮a pile owed that doubles in ten years🏁paying a loan back early⏳leaving savings alone for years
Scan the code at the top to mark this sheet on screenTake a photo of your answers or type them. It is marked for you automatically, and your score is kept.
Answer key · Set C
Compound interest against you
1waiting one year to pay
2waiting five years to pay
3interest on a loan nobody has paid
4waiting eight years to pay
5paying a little each year on a loan
6waiting three years to pay
7No
8No
9coins growing in a savings garden
10a loan nobody touches for years
11leaving savings alone for years
12a pile owed that doubles in ten years
Mark each answer, count the right ones and write the score on the sheet.