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# An initial investment of \$10,000 was deposited in a bank account one

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Re: An initial investment of \$10,000 was deposited in a bank account one [#permalink]
Given : 10,000 deposited into the bank and some additional deposits were made during the year.

To find : the interest rate earned during the year

Solution:
Statement 1: 5,000 were deposited additionally. But when? And at what interest rate? (Not sufficient)

Statement 2: account earn interest at the rate of 6% compounded quarterly.

1&2: 5000 is additional deposits and 6% interest rate compounded quarterly.
But when that deposits are made in bank. Early quarterly. Mid quaterly.
We don't know.

So answer has to be E

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Re: An initial investment of \$10,000 was deposited in a bank account one [#permalink]
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Re: An initial investment of \$10,000 was deposited in a bank account one [#permalink]
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