End of year quiz 2010 Discussion Area

skaps

I only got 3! Wonder what I would have got last year when I knew even less about moneysaving!

DX2

Can't do the quiz as the free moneysaving email advert is splodged right over the top of it.

MSE_Martin

To those discussing "how can you have an APR over 1 week"

Go look at the APR on any payday loan advert - that is lending over a month but the APR must be given over a year.

The APR indicates the amount you would repay including all fees over the same borrowing in a year including compounding

To convert a week to a year you don't multiply it by 52 you put it to the power of 52.

ForumName_2

Thats got to be a joke, I only scored 3:rotfl:

robt_2

MKB wrote: »

Q5 is wrong.

"Remarkably, early train exits break rules and can incur a fine - the rest are all within train company regulations. With split-ticketing, conductors could ask you to leave the train at the relevant stop and you would then be able to hop straight back on - rare but not unheard of."

I have bought plenty of pre-booked tickets that explicity allow starting late or ending early. The questioner is confusing "pre-booked" with "Advance".

Also, the conductor cannot insist you get off and immediately get back on a train if you have split-ticketed. If this has happened, then the member of staff was in error. The only requirement is that the train calls at the station where the split occurs. (There is some debate as to whether this is still true if the stop is set-down only or pick-up only!)

I told them days ago this was wrong when they were testing the quiz. Didn't even get an acknowledgement - makes me wonder why the bothered asking people to test it.

dandelions

Yup, that's nonsense. From nationalrail's T&Cs:
Anytime/Anytime Day tickets:
"You may start, break and resume, or end your journey at any intermediate station along the route of travel." (though nb: "Other than to change trains, a break of journey at intermediate London Underground or DLR stations is NOT permitted.")
Off-peak/Off-peak Day tickets:
"You may start, break and resume, or end your journey at any intermediate station along the route of travel on Off-Peak tickets unless the ticket restriction for the journey you are making does not allow it. If you intend to start, break and resume, or end your journey at any intermediate station, please call 08457 48 49 50 to check if it is available on your specific journey." (same restriction for LU and DLR stations as Anytime applies)
Advance tickets only:
"You may not start, break and resume, or end your journey at any intermediate station except to change to/from connecting trains as shown on the ticket(s) or other valid travel itinerary."

I don't buy Advance tickets, because it's rare that the price for an Advance ticket is cheaper than my 75% discount on Anytime fares as a dependent of a retired railway employee. However, I do indeed buy tickets in advance, and frequently end my journey at an intermediate station, break the journey, or start at a later station than I've bought a ticket for - and that's completely within the rules.

shoi

I said 3/week, 150/year
150/20 = 7.5times = 7500%
are you saying £3 for week one, £3.45 for week 2 and so on?

Steve

MSE_Martin wrote: »

To those discussing "how can you have an APR over 1 week"

Go look at the APR on any payday loan advert - that is lending over a month but the APR must be given over a year.

The APR indicates the amount you would repay including all fees over the same borrowing in a year including compounding

To convert a week to a year you don't multiply it by 52 you put it to the power of 52.