So in that case taterbug got it right ?
Probably not!!Originally Posted by ronit
So in that case taterbug got it right ?
Not correct. I have to wait 8 hours to give the answer and you may be in bed but the answer will still be here in the morning. It is going to take a long time to explain.Originally Posted by jcat
I'm probably totally off, but: Interest would be paid on the points in the bank, and since it's paid every other day, I arrive at 6% = 600, for a grand total of 20,600 points.
Originally Posted by swooshfinn
Isn't the interest going to depend on what day it was last calculated in relation to the start of the week that you take off???
I wouldn't think so, since you would be signing out on the interest earned day.Originally Posted by swooshfinn
Isn't the interest going to depend on what day it was last calculated in relation to the start of the week that you take off???
Hopefully I can explain how to arrive at the correct answer in such a way that you will never forget it. (Today has been a lot of fun for me, a former math teacher).Originally Posted by Persi & Alley
Suppose your point totals appeared as below, five minutes after being payed interest:
Points: 10,000
Bank: 10,000
Total Points: 20,000
You now sign off for exactly one week to the very minute. You sign on. What are the point totals now?
Originally Posted by jcat
I'm probably totally off, but: Interest would be paid on the points in the bank, and since it's paid every other day, I arrive at 6% = 600, for a grand total of 20,600 points.
I figured that I was way off, but am looking forward to seeing the "right" solution!Originally Posted by Persi & Alley
Not correct. I have to wait 8 hours to give the answer and you may be in bed but the answer will still be here in the morning. It is going to take a long time to explain.
Strange, I have had it posted for over half an hour. Look above here for Answer, the dreaded answer!Originally Posted by jcat
I figured that I was way off, but am looking forward to seeing the "right" solution!
Yes! You are paid 400 points when you log back on and your clock starts running down again from that very second. That is why we all have separate clocks, so that in theory none of us would stay away for more than 48 hours because anybody that stays away for longer than 48 hours is losing points.Originally Posted by blondrebel76
so you are saying its 20,400?
Well, fortunately for me, nobody guessed 10,200 either. The only way this will be solved is somebody with a calculator that is due to be paid in the next few hours put an even amount of points in each account. Perhaps it doesn't matter. But one thing matters is that KatKwiz always wants to put out the correct information in the end so somebody with a calculator and willing to take the risk, tell me your numbers and I will duly report same (in the morning). My whole point in whichever we decide (10,200 or 20,400) is that you stop earning points when your clock runs down to zero.Originally Posted by Crazyforinfo
I thought you were only paid interest on the balance in the bank though? So wouldn't it be 200 in interest?
Yes it is just the pts in the bank b/c when you make a deposit the amt of your next interest increases. So it would be 200 in interest.Originally Posted by Persi & Alley
Well, fortunately for me, nobody guessed 10,200 either. The only way this will be solved is somebody with a calculator that is due to be paid in the next few hours put an even amount of points in each account. Perhaps it doesn't matter. But one thing matters is that KatKwiz always wants to put out the correct information in the end so somebody with a calculator and willing to take the risk, tell me your numbers and I will duly report same (in the morning). My whole point in whichever we decide (10,200 or 20,400) is that you stop earning points when your clock runs down to zero.
Please somebody who is about to be paid solve this for us but don't risk too much money (points)!
And you are correct. I can remember now seeing people with so many points not in the bank, not drawing ANY interest. I can remember now thinking they need to move those points into the bank so they can earn the 2%, they get nothing unless they are in the bank.Originally Posted by Crazyforinfo
Yes it is just the pts in the bank b/c when you make a deposit the amt of your next interest increases. So it would be 200 in interest.
Persi says we need to send you the points for today and I agree since you reminded me of what I forgot and we both know you will spend them for a good cause. So...here come 2628 points.Originally Posted by Crazyforinfo
I thought you were only paid interest on the balance in the bank though? So wouldn't it be 200 in interest?