It is currently 23 Jun 2017, 22:54

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# 10,000 is deposited in a certain account that pays r percent

Author Message
Manager
Joined: 02 Sep 2008
Posts: 103
10,000 is deposited in a certain account that pays r percent [#permalink]

### Show Tags

17 Mar 2009, 21:17
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

\$10,000 is deposited in a certain account that pays r percent annual interest compounded annually,
the amount D(t), in dollars, that the deposit will grow to in t years is given by D(t) = 10,000
{1+(r/100)}t. What amount will the deposit grow to in 3 years?
(1) D(t) = 11,000
(2) r =10
A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is
sufficient.
D. EACH statement ALONE is sufficient.
E. Statements (1) and (2) TOGETHER are NOT sufficient.
Manager
Joined: 02 Mar 2009
Posts: 135
Re: Compound Interest + DS [#permalink]

### Show Tags

17 Mar 2009, 23:17
I think it should be B.

1. You will have 2 unknowns. r and t. You do not know that 11,000 has grown after how many years.
2. You can replace t with 3 and replace r with 10% to get the answer.
Intern
Joined: 16 Mar 2009
Posts: 27
Re: Compound Interest + DS [#permalink]

### Show Tags

17 Mar 2009, 23:44
it should be B
what is the OA ?
Re: Compound Interest + DS   [#permalink] 17 Mar 2009, 23:44
Display posts from previous: Sort by