World Religion Project

Millionaire Project Q & A

Q1: What did you already know?
A1: I already knew decimals and tables, such as rate tables from previous units and my own sources.

Q2: What did you learn? (Project? Parents?)
A2: From the project I learnt how to calculate interest and how a bank works, as well as how to find percents for a bank and why interest is important. From my parents, I learnt that you can't just become a millionaire by putting money in a bank and earning interest, you need to do something else that will help you become a millionaire as interest is quite low, so you need to put in a lot of money in order to become a millionaire. (For example, in Singapore, the interest rate is less than 1%)

Q3: How might this affect what you do in the future?
A3: This may affect what I do in the future, because if I become a banker I will know how to do my job and when I choose a bank to invest money, I will know which banks are better than others because of the interest rate.

Q4: What is one thing that you wonder after doing this project?
A4: I wonder about how you know if the bank is a reliable bank who will not go crazy with it's money and end up losing all of your money.



My father and me talking about Millionaire Project.