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$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
WE ARE HAPPY TO TELL YOU THAT YOU HAVE WON $200 FROM YOUR PARENTS!!!!
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The only thing I will do... ... ...
I will put 90%($180) into the BANK and save the $$$money$$$
The rest($20) goes to playing and other wierd stuff
The next year, the interest appoximately 4% and the amount
would be ($180 + $ 7.2 = $187.2)
The following year the interest still the same and the amount would
be ($187.2 + $7 . 488 = $194.688)
The following year the interest still the same and the amount would
be ($194.688 + $7.78752 = $202.47552) (I would spent tilll $180)
AND THE WHOLE PROCESS REPEATS
ps.HAPPY HOLIDAYS ALTHOUGH IT IS ENDING :(
Friday, March 17, 2006
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1 comments:
$22.47552 is not possible to spend so maybe I spend $22.4 and the rest goes to the bank and the calculations you do it yourself :(too confusing as it is conpound interest)
ps.There are banks with up to 13% interest!
pss. POSB has only 0.25% interest and it is a government bank!
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