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Money · Ages 10+ · Set C
The minimum payment trap
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C
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Goal: 15 min
Score/ 12
Remember: A minimum payment is the least a bank accepts. It barely cuts what is owed.

Questions

1
Pia pays only the minimum on forty owed. Does after four months of minimums leave thirty-seven owed?
YesNo
2
Pia owes forty coins. One extra coin is added for every full ten owed. Which plan pays fifty coins in all?
paying twelve a monthpaying twenty a month🐌paying the minimum only
3
Pia owes forty coins. One extra coin is added for every full ten owed. Does paying twenty a month clear it in seven months?
YesNo
4
Pia pays only the minimum on forty owed. Which leaves thirty-eight owed?
after one month of minimumsafter four months of minimumsafter two months of minimums
5
Pia owes forty coins. One extra coin is added for every full ten owed. Which plan pays one hundred four coins in all?
paying twenty a monthpaying eight a month🐌paying the minimum only
6
Pia pays only the minimum on forty owed. Does after one month of minimums leave thirty-seven owed?
YesNo
7
Pia pays only the minimum on forty owed. Which leaves thirty-four owed?
after one month of minimumsafter four months of minimumsafter six months of minimums
8
Pia pays only the minimum on forty owed. Does after five months of minimums leave thirty-seven owed?
YesNo
9
Which one is not true about a minimum payment?
📅a plan to be debt-free by a date🚪the least the bank accepts➕mostly the extra at the start
10
Pia owes forty coins. One extra coin is added for every full ten owed. Does paying eight a month clear it in seven months?
YesNo
11
Which one is not true about a minimum payment?
🚪the least the bank accepts🏁the payment that clears the debt➕mostly the extra at the start
12
Pia pays only the minimum on forty owed. Does after three months of minimums leave thirty-seven owed?
YesNo
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