[quote=UCGal]Not only do people not understand compound interest… they don’t leave money in a savings account (or investment account)… they spend it.
For a large part of the population, the answer would be zero to the question… because they’d have withdrawn that $100 and spent it at the first opportunity.[/quote]
Bingo.
For probably 1/3 of those responding, the right answer would be <$102.
