Handling Finances

A blog about handling personal finances, and how our culture and economy affect our money.

Financial Goals


Mortgage Down Payment:
52%
Emergency Fund:
$3,500 / $10,000
35%
2008 Retirement Savings:
$12,000 / $16,000
75%
$100k Net Worth by 2010:
$32,000 / $100,000
32%

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    Weekly Riddle

    user Posted by Deamiter

    date bullet March 22nd, 2008

    category bullet Weekly Riddle

     From last week’s riddle, Morgan would have taken 15 months to make as much as Linda made in a year.  The solution is based on pretty simple compound interest equations, so this week, the riddle is a bit less ‘mathy’ and takes more logical reasoning skills.

    3 were going on vacation, and in order to save money (since they know the value of a dollar), they decided to share a room. One man went to the front desk to find out how much a room costs, and the attendant told him that it costs $30 a night. After paying for the room, the man collected $10 from each of his friends to cover the cost of the room and they went upstairs to relax.

    Ten minutes later, the lady at the front desk realized that she made a mistake and the room only cost $26! She gave $4 to the bell-hop and told him to run it up to the guys’ room. The bellhop figured he could make a little extra money, so he put $1 in his pocket, and gave $1 back to each of the 3 business men.

    After all this confusion, each man paid $9 for the room for a total of $27.  Also, the bell-hop put $1 in his pocket for a total of $27+$1=$28.

    So where did the rest of the original $30 go?

    One Comment to “Weekly Riddle”

    1. […] week, I posted a riddle about some guys who went on vacation. They were involved in a confusing transaction and it seemed as if $2 had disappeared. In fact, it […]

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