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

It is currently 19 Sep 2014, 07:53

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

What was the average (arithmatic mean) amount of interest

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 16 May 2004
Posts: 118
Location: Thailand
Followers: 2

Kudos [?]: 4 [0], given: 0

What was the average (arithmatic mean) amount of interest [#permalink] New post 22 May 2004, 06:44
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
What was the average (arithmatic mean) amount of interest charged per year to finance a model RX sports car?

(1) a down payment of $3,000 was made on the car and the remaining 70 percent of purchase price was financed

(2) The total amount financed plus the total interest charges was $10,800
_________________

Exceed your goals and then Proceed to Succeed!!

Manager
Manager
avatar
Joined: 10 Mar 2004
Posts: 66
Location: Dallas,TX
Followers: 1

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

 [#permalink] New post 22 May 2004, 06:48
No. of years not known so i guess (e).

cheers
CEO
CEO
avatar
Joined: 15 Aug 2003
Posts: 3470
Followers: 60

Kudos [?]: 670 [0], given: 781

 [#permalink] New post 25 May 2004, 07:54
anyone else want to participate and explain?
SVP
SVP
User avatar
Joined: 30 Oct 2003
Posts: 1798
Location: NewJersey USA
Followers: 4

Kudos [?]: 34 [0], given: 0

GMAT Tests User
 [#permalink] New post 25 May 2004, 09:54
I believe as the installments are paid the amount paid as the interest also reduces. Since we dont know number of years it is not possible to determine the mean of interests paid per year.
  [#permalink] 25 May 2004, 09:54
    Similar topics Author Replies Last post
Similar
Topics:
5 different integer has average (arithmatic mean) 24, how KocharRohit 1 19 Nov 2009, 07:32
1 Interesting PS question: combination and arithmatic flyingbunny 3 24 Aug 2009, 05:45
The meaning is interesting AimHigher 15 29 Apr 2007, 15:17
Over the three years, what was the mean (average) difference thearch 6 03 Mar 2005, 10:47
2 Experts publish their posts in the topic What is the ratio of the average (arithmetic mean) height of LADodgers 9 05 Nov 2004, 17:38
Display posts from previous: Sort by

What was the average (arithmatic mean) amount of interest

  Question banks Downloads My Bookmarks Reviews Important topics  


cron

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®.