Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
If interest on a savings account is paid at an annual rate [#permalink]
04 Aug 2003, 13:07
If interest on a savings account is paid at an annual rate of 6.25% and if interest is not reinvested, then how many years will the total amount of interest earned equal the amount of money saved in the account?
(1) 36 (2) 24 (3) 18 (4) 16 (5) 12
I am quoting the problem as it is from a book. I have made no changes to the language of the problem.
HBS: Reimagining Capitalism: Business and Big Problems : Growing income inequality, poor or declining educational systems, unequal access to affordable health care and the fear of continuing economic distress...