4 In 10 Cannot Do Bank Math

More than 4 in 10 Canadians cannot calculate straight interest, according to newly-released OECD data. Jane Rooney, federal financial literacy leader, noted Canadians scored better on other questions posed in a consumer survey of 30 countries: ‘You lend a friend $25. He repays you $25 the next day. How much interest was earned?’

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