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Kristy Davies

Simple interest: why borrowing can cost you more

Grades: 6th Grade, 7th Grade, 8th Grade
Subjects: Math

Student Instructions

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.