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Upgrade: Fewer than 25% of college graduates can answer 4 simple money questions correctly

This will peak your interest.

Consumer banking firm Sallie Mae released its new “Majoring in Money” study of hundreds of current and recently graduated college students up to age 29 — and one big red flag sticks out: Even college graduates don’t know much about basic financial concepts like interest.

Indeed, Sallie Mae asked them four questions related to credit and interest, and fewer than one in four got all four of these correct. Here are the questions (the correct answers are below):

1. Interest accumulation:

Suppose you had $100 in a savings account and the interest rate was 2% per year.

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