Teachers, save “Simple interest: why borrowing can cost…” to assign it to your class.

Learning Intention: Learn how interest rates and fees affect the money you borrow and why they may be more expensive in the long run. 1. Watch My five cents: why borrowing can cost you more on ABC iView 2. Use the Moneysmart Personal Loan Calculator and use the ‘How can I repay my loan sooner?’ section to complete the exercises.