Tag Archives: interest

A few days ago, I met Dan, an old friend of mine and he made the impression to be in a good mood. ‘Hello Dan, you look happy.’ I said to him while we were shaking hands. ‘Well’, he replied ‘I finally managed to save some money’. Dan explained, that after more than a year of starting his new job …

Question 3: Suppose you need to borrow $100. Which is the lower amount to pay back: $105 or $100 plus three percent? Answer: $100 plus tree percent I have to be honest, I simply couldn’t believe, so many adult people would have problems to give the correct answer to that question. And it’s even harder to understand in Romania, where …