Solve this Math problem please? - GoFuckYourself.com

CurrentlySober · 03-25-2015, 01:55 PM

I know how to use a calculator, but being honest, dunno what to put in it to get the answer... So as I don't know, I'll ask here...

Someone puts £1.25 million into a bank account and leaves it there for 10 days. Then they take the money out.

In those 10 days it earns £210 in interest.

What was the yearly interest rate % of the account?

Thanks in advance

rogueteens · 03-25-2015, 02:01 PM

Is the answer "Lulu"?

420 · 03-25-2015, 02:08 PM

You going back to uni?

RyuLion · 03-25-2015, 02:13 PM

https://mathway.com/

Paul&John · 03-25-2015, 02:15 PM

So in a year that would mean 210*36.5 = 7665pounds
so 7 655/1 250 000 = 0.006132 = 0.6132%

but I had already two glasses of wine so i'm not sure lol

CurrentlySober · 03-25-2015, 02:18 PM

Quote:

Originally Posted by Paul&John

So in a year that would mean 210*36.5 = 7665pounds
so 7 655/1 250 000 = 0.006132 = 0.6132%

but I had already two glasses of wine so i'm not sure lol

So zero point six percent then?

georgeyw · 03-25-2015, 02:25 PM

Quote:

Originally Posted by CurrentlySober

So zero point six percent then?

Sounds about right, seems very very very low!

CurrentlySober · 03-25-2015, 02:32 PM

Cool Thanks everyone.

Jel · 03-25-2015, 02:47 PM

0.0168% is what that percentage is, though that doesn't equate to the actual yearly interest rate. On a calculator do the following (this may well be the idiots way, it's just how it was taught to me):

low number / high number x 100 = the percentage

eg 25 poker hands played, you win the pot 7 times, is 7 / 25 x 100 = 28%, if working out your win percentage of poker hands played

$30 earnings from $100 customer spend at a revshare cam company is:
30 / 100 x 100 = 30% (obviously)

so 210 / 1250000 x 100 = 0.0168%

Jel · 03-25-2015, 02:51 PM

Quote:

Originally Posted by Paul&John

So in a year that would mean 210*36.5 = 7665pounds
so 7 655/1 250 000 = 0.006132 = 0.6132%

but I had already two glasses of wine so i'm not sure lol

missed this, spot on. Though bear in mind banks work on apr so that 0.6% would be higher over a year than the 10 days it is for in your example

iSpyCams · 03-25-2015, 02:51 PM

Quote:

Originally Posted by Paul&John

So in a year that would mean 210*36.5 = 7665pounds
so 7 655/1 250 000 = 0.006132 = 0.6132%

but I had already two glasses of wine so i'm not sure lol

That's what I got too.

pornmasta · 03-25-2015, 03:01 PM

Quote:

Originally Posted by Paul&John

So in a year that would mean 210*36.5 = 7665pounds
so 7 655/1 250 000 = 0.006132 = 0.6132%

but I had already two glasses of wine so i'm not sure lol

i approve this message

Jel · 03-25-2015, 03:10 PM

here ya go, this shows that a monthly rate of 0.6% is actually 7% for a year, so factor in the variables with it being just 10 days, and you'll see the actual rate for the year is a lot higher than 0.6%

Interest Rate Converters

blackmonsters · 03-25-2015, 03:24 PM

Quote:

Originally Posted by Paul&John

So in a year that would mean 210*36.5 = 7665pounds
so 7 655/1 250 000 = 0.006132 = 0.6132%

but I had already two glasses of wine so i'm not sure lol

That is correct so the wine may have helped.

03-25-2015, 01:55 PM	#1
CurrentlySober Too lazy to wipe my ass Industry Role: Join Date: Aug 2002 Location: A Public Bathroom Posts: 38,499	Solve this Math problem please? I know how to use a calculator, but being honest, dunno what to put in it to get the answer... So as I don't know, I'll ask here... Someone puts £1.25 million into a bank account and leaves it there for 10 days. Then they take the money out. In those 10 days it earns £210 in interest. What was the yearly interest rate % of the account? Thanks in advance __________________ My AI Handywork... My Dream Gal... XXX 👁️ 👍️ 💩

03-25-2015, 02:01 PM	#2
rogueteens So fucking bland Industry Role: Join Date: Jul 2006 Location: England Posts: 8,005	Is the answer "Lulu"? __________________ Free traffic and backlinks from one of the fastest growing adult pinsites on the net - SAUCY PICTURES! Easily my best performing webcam sponsor - CLICK HERE!!

03-25-2015, 02:13 PM	#4
RyuLion ClubDomCash.com Industry Role: Join Date: Mar 2003 Location: San Diego Posts: 32,174	https://mathway.com/ __________________ Adult Biz Consultant A tech head since 1995

03-25-2015, 02:15 PM	#5
Paul&John Confirmed User Industry Role: Join Date: Aug 2005 Location: YUROP Posts: 8,596	So in a year that would mean 21036.5 = 7665pounds so 7 655/1 250 000 = 0.006132 = 0.6132% but I had already two glasses of wine so i'm not sure lol __________________ Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo! Anal Webcams \| Kinky Trans Cams Live \| Hotwife XXX Tube \| Get your Proxies here*

03-25-2015, 02:32 PM	#8
CurrentlySober Too lazy to wipe my ass Industry Role: Join Date: Aug 2002 Location: A Public Bathroom Posts: 38,499	Cool Thanks everyone. __________________ My AI Handywork... My Dream Gal... XXX 👁️ 👍️ 💩

03-25-2015, 02:08 PM	#3
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	You going back to uni?

03-25-2015, 02:47 PM	#9
Jel Confirmed User Industry Role: Join Date: Feb 2007 Posts: 6,904	0.0168% is what that percentage is, though that doesn't equate to the actual yearly interest rate. On a calculator do the following (this may well be the idiots way, it's just how it was taught to me): low number / high number x 100 = the percentage eg 25 poker hands played, you win the pot 7 times, is 7 / 25 x 100 = 28%, if working out your win percentage of poker hands played $30 earnings from $100 customer spend at a revshare cam company is: 30 / 100 x 100 = 30% (obviously) so 210 / 1250000 x 100 = 0.0168%

03-25-2015, 03:10 PM	#13
Jel Confirmed User Industry Role: Join Date: Feb 2007 Posts: 6,904	here ya go, this shows that a monthly rate of 0.6% is actually 7% for a year, so factor in the variables with it being just 10 days, and you'll see the actual rate for the year is a lot higher than 0.6% Interest Rate Converters