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Source: (consider it)
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Thread: How're your maths? Personal finance quiz
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Chorister
Completely Frocked
# 473
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Posted
If you enjoyed the 'How am yer grammers' quiz, or even if you didn't, here's another one on personal finance (which is apparently being proposed as a GCSE qualification). Can you work out interest rates, exchange rates, percentages, etc. in order to get the best deal?
I got 6/8, getting the last two wrong - my maths-averse brain was obviously getting tired by then, so I'm sure you can do better than me!
[ 13. February 2013, 04:39: Message buggered about with by: Ariston ]
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Retired, sitting back and watching others for a change.
Posts: 34626 | From: Cream Tealand | Registered: Jun 2001
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The Rogue
Shipmate
# 2275
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Posted
I didn't have a calculator and scored 5/8. Not bad for an accountant.
I hope that the actual GCSE is more up to date and uses the current tax rate.
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If everyone starts thinking outside the box does outside the box come back inside?
Posts: 2507 | From: Toton | Registered: Feb 2002
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Schroedinger's cat
Ship's cool cat
# 64
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Posted
4/8, without a calculator. But they were hard, and I had to make a guess at one. Also, I worked at least one out correctly, but then made the wrong choice.
Of course, I would use a calculator or online compound interest calculator if it was for real.
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Blog
Music for your enjoyment
Lord may all my hard times be healing times
take out this broken heart and renew my mind.
Posts: 18859 | From: At the bottom of a deep dark well. | Registered: May 2001
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Ariel
Shipmate
# 58
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Posted
I got half right, then got complacent and guessed the rest and got them wrong.
Posts: 25445 | Registered: May 2001
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Chorister
Completely Frocked
# 473
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Posted
Goodness, it never even occurred to me that you could use a calculator - you can tell how long it was since I went to school!
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Retired, sitting back and watching others for a change.
Posts: 34626 | From: Cream Tealand | Registered: Jun 2001
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Smudgie
Ship's Barnacle
# 2716
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Posted
I only got 50%, but one answer was dependent on another, so I am calling it a score of 6/8 ![[Razz]](tongue.gif) Not brilliant, but then I hate anything to do with money (which is why my month always outlasts my salary!). And, like a couple of other people, I ended up losing interest (compound or simple!) and just guessing a couple.
Still can't see where I went wrong in the commission question.
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Miss you, Erin.
Posts: 14382 | From: Under the duvet | Registered: Apr 2002
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mousethief
Ship's Thieving Rodent
# 953
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Posted
7/8, cheating (the one I got wrong was a guess before I started cheating) by using simple (not financial) functions in Excel
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This is the last sig I'll ever write for you...
Posts: 63536 | From: Washington | Registered: Jul 2001
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Chorister
Completely Frocked
# 473
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Posted
So do I get extra points for not using a calculator OR excel? It took me two sides of an A5 piece of paper and lots of ink. In my day you had to show your workings, longhand. ![[Snore]](graemlins/snore.gif)
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Retired, sitting back and watching others for a change.
Posts: 34626 | From: Cream Tealand | Registered: Jun 2001
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Dal Segno
al Fine
# 14673
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Posted
That was hard. It took me 10 minutes with a calculator and I had to guess the last one because I couldn't be bothered to boot up an Excel spreadsheet to handle the compound interest. I managed to get 100%, but I do this stuff in my day job so I should have got 100%.
Guessing will get you 4/8 on average. If you want to demonstrate an ability that is significantly* better than guesswork, you need a score of 7/8 or 8/8.
* By "significantly" I mean a formal statistical significance at the 95% confidence level.
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Yet ever and anon a trumpet sounds
Posts: 1200 | From: Pacific's triple star | Registered: Mar 2009
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HenryT
Canadian Anglican
# 3722
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Posted
75%, no calculator, and I didn't work anything out exactly, just used heuristics.
(B.Sc. Engineering, and a couple of those would be perfect slide rule questions.)
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"Perhaps an invincible attachment to the dearest rights of man may, in these refined, enlightened days, be deemed old-fashioned" P. Henry, 1788
Posts: 7231 | From: Ottawa, Ontario, Canada | Registered: Dec 2002
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