Make Your Money Work
Making Money Grow
Name: Date:
Work these out with a pencil. Seeing the numbers by hand is what makes compounding click.
Start with 100. Each year it grows 10%. Fill in each year. (Hint: add 10% of the NEW number each time, not 10 every time.)
| Year | Money at the start | It grew by | Money at the end |
|---|---|---|---|
Did the amount it grew by get bigger each year? Why?
How many years until you are 60? That number is your biggest advantage.
Money I need soon should be kept ______, and money I will not touch for many years can ______.