Last visit was: 17 May 2026, 21:19 It is currently 17 May 2026, 21:19
Home
Messages
Tests
Schools
Events
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.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
User avatar
rxs0005
User avatar
Joined: 07 Jun 2004
Last visit: 21 Jun 2017
Posts: 436
Own Kudos:
3,319
Given Kudos: 22
Location: PA
Posts: 436
Kudos: 3,319
A certain sum of money amounts to 1560$ in 2 years and 2100$ 20 Apr 2005, 17:34
Kudos
Add Kudos
Bookmarks
Bookmark this Post
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



Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
User avatar
MA
User avatar
Joined: 25 Nov 2004
Last visit: 09 Aug 2011
Posts: 695
Own Kudos:
534
Posts: 695
Kudos: 534
A certain sum of money amounts to 1560$ in 2 years and 2100$ Updated on: 20 Apr 2005, 18:24
Originally posted by MA on 20 Apr 2005, 18:17.
Last edited by MA on 20 Apr 2005, 18:24, edited 1 time in total.
Kudos
Add Kudos
Bookmarks
Bookmark this Post
not a gmat question.

X + 2rx = 1560......................i
X + 5rx =2100 .....................ii
Solve the equation
x=1200 and r is 15%
User avatar
Folaa3
User avatar
Joined: 27 Dec 2004
Last visit: 14 Apr 2006
Posts: 382
Own Kudos:
132
Posts: 382
Kudos: 132
A certain sum of money amounts to 1560$ in 2 years and 2100$ 20 Apr 2005, 18:22
Kudos
Add Kudos
Bookmarks
Bookmark this Post
MA
not a gmat question.

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


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?
User avatar
MA
User avatar
Joined: 25 Nov 2004
Last visit: 09 Aug 2011
Posts: 695
Own Kudos:
534
Posts: 695
Kudos: 534
A certain sum of money amounts to 1560$ in 2 years and 2100$ 20 Apr 2005, 18:25
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Folaa3
MA
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?
Show more

pls note that i have updated my previous posting.
User avatar
rxs0005
User avatar
Joined: 07 Jun 2004
Last visit: 21 Jun 2017
Posts: 436
Own Kudos:
3,319
Given Kudos: 22
Location: PA
Posts: 436
Kudos: 3,319
A certain sum of money amounts to 1560$ in 2 years and 2100$ 21 Apr 2005, 03:48
Kudos
Add Kudos
Bookmarks
Bookmark this Post
thats the correct answer

good job guys
User avatar
coolcal
User avatar
Joined: 17 Mar 2005
Last visit: 09 May 2005
Posts: 6
Location: Philadelphia
Posts: 6
Kudos: 0
A certain sum of money amounts to 1560$ in 2 years and 2100$ 21 Apr 2005, 18:24
Kudos
Add Kudos
Bookmarks
Bookmark this Post
answer is 15% same method as above.



Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!