QUIZ: How do you save N1m from N250K salary, monthly expense of N200K in 1 year?

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QUIZ: In 1 year, to save N1m from N250K salary & N200K expenses, how much must be cut down?

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Jared
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#1

 

If in 1 year you want to save N1m from a salary of N250K but with monthly expense of N200K, how much would you need to cut back in expenses?

This is #AzaQuiz 2.

Correct answer wins 2000 Gems.

BEST ANSWER found!
Reply by Deon » November 10th, 2023, 10:00 am
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Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

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Jared
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#2

 

This requires some maths :money:
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

Greatness
Answers: 2

#3

 

Jared wrote: ↑November 8th, 2023, 9:25 am how much would you need to cut back in expenses?
N33,333.333333 or approximately N34,000 monthly.

HotTrends
Answers: 0

#4

 

I don't think the
Jared wrote: ↑November 8th, 2023, 9:25 am If in 1 year you want to save N1m from a salary of N250K but with monthly expense of N200K, how much would you need to cut back in expenses?

This is #AzaQuiz 2.

Correct answer wins 2000 Gems.

I don't think the correct answer is stated among the options, please check again

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Jared
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#5

 

HotTrends wrote: ↑November 8th, 2023, 11:06 am I don't think the
Jared wrote: ↑November 8th, 2023, 9:25 am If in 1 year you want to save N1m from a salary of N250K but with monthly expense of N200K, how much would you need to cut back in expenses?

This is #AzaQuiz 2.

Correct answer wins 2000 Gems.

I don't think the correct answer is stated among the options, please check again
Feel free to state your answer. Its a trick. :tongue:
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

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Jared
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#6

 

Hi guys, some options in the poll have been updated. Please review your answers :laughs:
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

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CarolinaBaby1
Answers: 0

#7

 

The answer is 33k 😁
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰

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Jared
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#8

 

CarolinaBaby1 wrote: ↑November 8th, 2023, 11:34 am The answer is 33k 😁
You are entitled to your opinionnnnnnnnnnnnnnnnn :loveit:
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

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CarolinaBaby1
Answers: 0

#9

 

Jared wrote: ↑November 8th, 2023, 11:40 am
CarolinaBaby1 wrote: ↑November 8th, 2023, 11:34 am The answer is 33k 😁
You are entitled to your opinionnnnnnnnnnnnnnnnn :loveit:

Am I right? 😁 I'm a good mathematician oh
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰

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YoungA
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#10

 

:thinking: 33k cut down won't make up to a million in 12 months. 35k will make a million and some thousands extra.

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CarolinaBaby1
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#11

 

The exact value is 33.4k
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰


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Jared
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#13

 

HotTrends wrote: ↑November 8th, 2023, 12:48 pm33.3k or 33k
Choose one. :money: :laughs:
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

Greatness
Answers: 2

#14

 

Jared wrote: ↑November 8th, 2023, 9:25 am If in 1 year you want to save N1m from a salary of N250K but with monthly expense of N200K, how much would you need to cut back in expenses?

This is #AzaQuiz 2.

Correct answer wins 2000 Gems.
You will need to cut back N400k in expenses.

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CarolinaBaby1
Answers: 0

#15

 

Jared wrote: ↑November 8th, 2023, 12:56 pm
HotTrends wrote: ↑November 8th, 2023, 12:48 pm33.3k or 33k
Choose one. :money: :laughs:

I already said 33k sir 😭
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰

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Jared
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#16

 

Greatness wrote: ↑November 8th, 2023, 1:30 pm
Jared wrote: ↑November 8th, 2023, 9:25 am If in 1 year you want to save N1m from a salary of N250K but with monthly expense of N200K, how much would you need to cut back in expenses?

This is #AzaQuiz 2.

Correct answer wins 2000 Gems.
You will need to cut back N400k in expenses.
And that give us what, monthly?
Financial Literacy is the possession of knowledge, skills and behavioral traits that help an individual make informed decisions regarding money. đź’°

Greatness
Answers: 2

#17

 

Jared wrote: ↑November 8th, 2023, 2:36 pm And that give us what, monthly?
My answer is written in the first comment.


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CarolinaBaby1
Answers: 0

#19

 

Greatness wrote: ↑November 8th, 2023, 8:11 pm N83.34k :thinking:

😂😂😂😂
When money realizes that it is in good hands, it wants to stay and multiply in those hands 🤲💸💵💰


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