9 out of ten younger folks between the ages of 14 to 18 years are unable to do easy monetary calculations on mortgage compensation.
The train concerned calculating the full quantity to be repaid after a 12 months if one is given the mortgage quantity and the curiosity relevant, and deciding which mortgage is most beneficial to the borrower. It was a part of the questions requested as a part of the lately launched Annual Standing of Schooling Report (ASER) 2023 ‘Past Fundamentals’.
The info within the report confirmed that greater than 40 per cent had been unable to calculate how a lot they might spend after
First Printed: Jan 20 2024 | 11:00 AM IST