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Problem of the Week
Problem
B
Games
People Play
Clive and Jill are putting their money together to buy a new
GameStation VII. Each of them borrows from their parents to help cover
the cost. In order to encourage their children to repay the money
quickly, each of their parents are charging them an extra fee on the
last day of each month when there is still money owed. Clive’s parents
are charging him extra each
month, and Jill’s parents are charging her extra each month.
Clive has decided to pay his parents on the first day of each month until
his loan is repaid, and Jill is paying her parents on the first day of each month until
her loan is repaid. Complete the given tables to determine how long they
take to repay their loans.
For Clive:
For Jill:
Who paid their parents more in total?
Is there a monthly payment for Clive which would pay off his loan
at the same time as Jill?
Theme: Number Sense