Find all School-related info fast with the new School-Specific MBA Forum

It is currently 18 Dec 2014, 16:31

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

20000 is invested with quarterly compounding ...interest at

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
CEO
CEO
avatar
Joined: 15 Aug 2003
Posts: 3470
Followers: 61

Kudos [?]: 681 [0], given: 781

20000 is invested with quarterly compounding ...interest at [#permalink] New post 11 Sep 2003, 23:46
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
$20000 is invested with quarterly compounding ...interest at the end of first quarter is:

(1) first quarter interests is 1% more than second quarter
(2) first quarter interests is $2 more than second quarter end


thanks
praetorian
SVP
SVP
User avatar
Joined: 03 Feb 2003
Posts: 1611
Followers: 6

Kudos [?]: 63 [0], given: 0

 [#permalink] New post 12 Sep 2003, 02:18
so, what is the question? I think to find the interest rate.

if the second quarter interest is less than that of the first one, then the question is a problem of depreciation, and not that of compound interest.

(1) 20000R=1.01(20000(1+R)^2-20000), a quadratic equation in which R=0 or R is some negative number. Should we consider R=0? Strictly speaking yes. So, not enough

(2) again, a quadratic equation in which R=0 or R is some negative number, not enough

combine: not enough, E
GMAT Instructor
User avatar
Joined: 07 Jul 2003
Posts: 771
Location: New York NY 10024
Schools: Haas, MFE; Anderson, MBA; USC, MSEE
Followers: 13

Kudos [?]: 39 [0], given: 0

Re: DS : Quarterly compounding [#permalink] New post 14 Sep 2003, 02:58
praetorian123 wrote:
$20000 is invested with quarterly compounding ...interest at the end of first quarter is:

(1) first quarter interests is 1% more than second quarter
(2) first quarter interests is $2 more than second quarter end


thanks
praetorian


Are you sure this question is stated correctly? If you have compounded interest, the interest will always be higher in later periods, not less.
_________________

Best,

AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

Re: DS : Quarterly compounding   [#permalink] 14 Sep 2003, 02:58
    Similar topics Author Replies Last post
Similar
Topics:
2 An investment compounds annually at an interest rate of 34.1 fozzzy 5 22 Jun 2013, 21:45
5 Experts publish their posts in the topic If money is invested at r percent interest, compounded annua feellikequitting 9 27 Jan 2013, 22:46
7 Experts publish their posts in the topic If money is invested at r percent interest, compounded annua Walkabout 6 17 Dec 2012, 05:46
6 Experts publish their posts in the topic If money is invested at r percent interest compounded annual vanidhar 8 04 Nov 2010, 03:53
If money is invested at r percent interest, compounded vermatanya 3 20 Jan 2008, 09:37
Display posts from previous: Sort by

20000 is invested with quarterly compounding ...interest at

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.