A study has found that, "Americans who have trouble dividing 300 by 2 are much more likely to end up in foreclosure than consumers with average math skills."
Here are the 5 basic arithmetic questions used in the study:
- 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?
Don't attempt to buy a house if you can't answer these questions correctly, ok?