Captain Packrat (captpackrat) wrote,
Captain Packrat
captpackrat
  • Mood: surprised

It's math time!

If you have a $200 investment that earns 10% per year, and you let the money grow, how much money would you have total at the end of 2 years?

If you're like 34% of Americans, you answered $240.  And you answered wrong.

Only 18% of Americans surveyed got the correct answer, $242.  (It's $20 interest for the first year, then $22 interest on $220 for the second year.)

Amazingly, 48% of Americans either gave an even worse answer or copped out.  No wonder the economy is in the toilet.
Tags: money, poll
Subscribe
  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    switch
    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    Help
  • 7 comments