Cognitive ability: Numeric ability: answer: compound interest on 200
Datafile
Index terms
Question asked in the latest wave:
cogabrelease_w3.nainterest
Question label:
Compund interest on £200
Question text:
Let's say you have £200 in a savings account. The account earns ten percent interest each year. How much would you have in the account at the end of two years?
Question universe:
if NuAbPre REF (If Resp hasn't refused test)
and if NASofa REF (If Resp hasn't refused test)
and if NADisease REF (If Resp hasn't refused test)
and if NASofa = 1 & NADisease = 1 & NACar = 1 (If sofa, disease and car question correct)
and if NALottery = 1 (If got lottery question correct)
Further details:
For further details about this question, please see the questionnaires
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| inapplicable | -8 | 25107 | 50.53% |
| proxy | -7 | 3830 | 7.71% |
| £242 (correct answer) | 1 | 11140 | 22.42% |
| wrong answer | 2 | 9615 | 19.35% |
| Total | 49692 | 100.0% |
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