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

It is currently 30 Jul 2015, 12:46
GMAT Club Tests

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

A certain sum of money amounts to 1560$ in 2 years and 2100$

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Director
Director
User avatar
Joined: 07 Jun 2004
Posts: 614
Location: PA
Followers: 3

Kudos [?]: 330 [0], given: 22

A certain sum of money amounts to 1560$ in 2 years and 2100$ [#permalink] New post 20 Apr 2005, 16:34
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

A certain sum of money amounts to 1560$ in 2 years and 2100$ in 5 years find the APR if its calculated by simple interest for every year
VP
VP
User avatar
Joined: 25 Nov 2004
Posts: 1494
Followers: 6

Kudos [?]: 47 [0], given: 0

Re: SI problem solving [#permalink] New post 20 Apr 2005, 17:17
not a gmat question.

X + 2rx = 1560......................i
X + 5rx =2100 .....................ii
Solve the equation
x=1200 and r is 15%

Last edited by MA on 20 Apr 2005, 17:24, edited 1 time in total.
Director
Director
avatar
Joined: 27 Dec 2004
Posts: 907
Followers: 1

Kudos [?]: 19 [0], given: 0

Re: SI problem solving [#permalink] New post 20 Apr 2005, 17:22
MA wrote:
not a gmat question.

X + 2rx = 1560......................i
X + 5rx =2100 .....................ii
Solve the equation
x=1300 and r is 10%


That's good to Know MA because i have been scratching my head since i saw this question wondering how long is this going to take me?
VP
VP
User avatar
Joined: 25 Nov 2004
Posts: 1494
Followers: 6

Kudos [?]: 47 [0], given: 0

Re: SI problem solving [#permalink] New post 20 Apr 2005, 17:25
Folaa3 wrote:
MA wrote:
not a gmat question.

X + 2rx = 1560......................i
X + 5rx =2100 .....................ii
Solve the equation
x=1300 and r is 10%


That's good to Know MA because i have been scratching my head since i saw this question wondering how long is this going to take me?

pls note that i have updated my previous posting.
Director
Director
User avatar
Joined: 07 Jun 2004
Posts: 614
Location: PA
Followers: 3

Kudos [?]: 330 [0], given: 22

 [#permalink] New post 21 Apr 2005, 02:48
thats the correct answer

good job guys
Intern
Intern
avatar
Joined: 17 Mar 2005
Posts: 14
Location: Philadelphia
Followers: 0

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

 [#permalink] New post 21 Apr 2005, 17:24
answer is 15% same method as above.
  [#permalink] 21 Apr 2005, 17:24
Display posts from previous: Sort by

A certain sum of money amounts to 1560$ in 2 years and 2100$

  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®.