The Amazing World of... Money?

All You Need To Know About Interest.

Interest is...

1. Not your hobbie
2. Not your sexual relationships
3. Definitely not your girlfriend.

Interest is...

1. Cool
2. Nice
3. Interesting
4. Because...
5. HELLO??? Check the Dick-tionary! (a male's most reliable resouce. )
6. The Dick-tionary says that interest is concerned with money.
7. Money as in owing Mr Guo a piece of drawing block.
8. Only after 2 weeks you start to owe him MORE than a piece. You owe him 4 pieces of drawing block. Most UNPLEASANT.
9. This is what you call: COMPOUND INTEREST. Compound interest is one of the most unpleasant forms of interest. Let us show you what is SIMPLE INTEREST first.
10. Simple interest is fairly unpleasant. Supposedly you owe me ten cents.
11. That's fine.
12. Then I say... " My interest rate is 50% per minute. It's simple interest, don't you worry."
13. How do you calculate THAT?

SUDDENLY... a chicken flies through the window into the room ( you know who ). He takes out a feather pen and starts stabbing himself. Then, he dips his feather pen in blood and writes on the floor...

The Interesting Interest

By Chik Cheng Jie a.k.a The Chickenator

• 50% is half of the amount you owe.
• Therefore the 50% of ten cents is 5 cents. Puny.
• This is what you call: The amount you owe Goaty ( Yang a.k.a Goat in CL )
• Next. Get the rate right.
• It is completely fine if you owe him 5 cents.
• But it is not when you owe him 5 cents per milisecond.
• Therefore get the rate. The formula is simple.
• Take the amount you owe Goaty and write it down. ( not necessary Goaty. Maybe ME. )
• Write a slash after the amount. Should look like this: 5c/
• Then, get the time right. If you owe him 5c per minute, then write down the time span ( for now it's minute ) after the slash.
• Should look a little something like this: 5c/min
• There. Now you have what you call: RATE
• The good side of simple interest is that you only pay the same additional amount of money to the person you owe in interest in addition to what you already owe.
• So... pay back quickly or you will have to pay that extra sum of money, Interest, adding up by the rate of payment.
• If you take forever... you are most likely going to make Goaty a rich man.
• So, never pay your debts late.
• Never.

Suddenly... the Chicken stops writing and falls to the ground in a pool of red blood. Stupid old bird. Shouldn't have stabbed himself in the heart. I HAVE a pen with me you know. ( no offence to Cheng Jie ). And that's all I have to tell you guys about Simple Interest.

The End-------------------------------------------------

PS: As for Compound Interest, we will be posting it soon. Cheers and give your comments. Cheers.