- #1
Thread Owner
This would probably fit in Comedy Central also 
Can Americans who have trouble dividing 300 by 2 even fill out a loan application ?
Perhaps if Americans can't divide 300 by 2 , Financing to the school they
Graduated from should be cut off
=========the Story=========
Americans who have trouble dividing 300 by 2 are much more likely to end up in foreclosure than consumers with average math skills, a new study has found. The research is among the first to directly link mortgage trouble and financial literacy, according to its authors.
The study also found that math skills were a better predictor of foreclosure than type of mortgage, a result that takes blame away from so-called "risky" mortgages, such-as interest-only loans or adjustable rate mortgages.
Take the Test:
1. In a sale, a shop is selling all items at half price. Before the sale, a sofa costs $300. How much will it cost in the sale?
2. If the chance of getting a disease is 10 per cent, how many people out of 1,000 would be expected to get the disease?
3. A second-hand car dealer is selling a car for $6,000. This is two-thirds of what it cost new. How much did the car cost new?
4. If 5 people all have the winning numbers in the lottery and the prize is $2 million, how much will each of them get?
5. Let's say you have $200 in a savings account. The account earns 10 percent interest per year. How much will you have in the account at the end of two years?
=========================
would you loan money to anyone who can't do these in their head ?
if you would, how about lending me a million or 2
I consider myself "Math Challenged" I can't do algebra
Seriously ? do you call being able to answer these questions Having "Math Skills" ?
isn't this 1st. Grade math ? 2nd. Grade ?
If someone can't answer these 5 questions ?
how do they know not to drool on the application ?
Math-challenged Americans more likely to end up in foreclosure - Red Tape
Can Americans who have trouble dividing 300 by 2 even fill out a loan application ?
Perhaps if Americans can't divide 300 by 2 , Financing to the school they
Graduated from should be cut off
=========the Story=========
Americans who have trouble dividing 300 by 2 are much more likely to end up in foreclosure than consumers with average math skills, a new study has found. The research is among the first to directly link mortgage trouble and financial literacy, according to its authors.
The study also found that math skills were a better predictor of foreclosure than type of mortgage, a result that takes blame away from so-called "risky" mortgages, such-as interest-only loans or adjustable rate mortgages.
Take the Test:
1. In a sale, a shop is selling all items at half price. Before the sale, a sofa costs $300. How much will it cost in the sale?
2. If the chance of getting a disease is 10 per cent, how many people out of 1,000 would be expected to get the disease?
3. A second-hand car dealer is selling a car for $6,000. This is two-thirds of what it cost new. How much did the car cost new?
4. If 5 people all have the winning numbers in the lottery and the prize is $2 million, how much will each of them get?
5. Let's say you have $200 in a savings account. The account earns 10 percent interest per year. How much will you have in the account at the end of two years?
=========================
would you loan money to anyone who can't do these in their head ?
if you would, how about lending me a million or 2
I consider myself "Math Challenged" I can't do algebra
Seriously ? do you call being able to answer these questions Having "Math Skills" ?
isn't this 1st. Grade math ? 2nd. Grade ?
If someone can't answer these 5 questions ?
how do they know not to drool on the application ?
Math-challenged Americans more likely to end up in foreclosure - Red Tape
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