The annual interest rate earned by an investment increased : Quant Question Archive [LOCKED]
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# The annual interest rate earned by an investment increased

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The annual interest rate earned by an investment increased [#permalink]

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18 Aug 2006, 05:52
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

The annual interest rate earned by an investment increased by 10% from last year to this year. If the annual interest rate earned by the investment this year was 1%, what was teh annual interest rate last year?
A.1%
B.1.1%
C.9.1%
D.10%
E.10.8%
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18 Aug 2006, 08:04
lan583 wrote:
The annual interest rate earned by an investment increased by 10% from last year to this year. If the annual interest rate earned by the investment this year was 1%, what was teh annual interest rate last year?
A.1%
B.1.1%
C.9.1%
D.10%
E.10.8%

Think C should be 0.91% which should be the right answer.
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18 Aug 2006, 08:46
Agree with haas_mba... 0.91% is correct
18 Aug 2006, 08:46
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