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Jim is unemployed. He receives benefits, which are paid into his bank every fortnight.

He wants to save for his TV licence on a savings card. If he pays £5 per fortnight, how much will he save in one year? How much extra will he need to pay for the licence, which costs £142.50? Type your answers in the boxes.

Number of payments per year26
Amount paid per fortnight5
Amount saved in one year

Cost of licence142.50
Amount saved
Extra to pay