If you and your spouse can correctly answer three simple math questions, a recent study suggests you'll have plenty of money in retirement. Financial commentator Greg Heberlein gave the quiz to KPLU's Dave Meyer, and you can take it, too. Patricia Sabatini of the Pittsburgh Post Gazette obtained the questions from the RAND Corporation. They are:
1. If the chance of getting a disease is 10%, how many people out of 1,000 would be expected to get the disease?
2. If five people all have winning numbers in the lottery, and the prize is $2 million, how much will each of them get?
3. Let's say you have $200 in a savings account. The account earns 10% interest per year. How much would you have in the account at the end of two years?
You'll find the answers at the end of this post.