GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 20 Nov 2018, 14:32

### 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 November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
• ### All GMAT Club Tests are Free and open on November 22nd in celebration of Thanksgiving Day!

November 22, 2018

November 22, 2018

10:00 PM PST

11:00 PM PST

Mark your calendars - All GMAT Club Tests are free and open November 22nd to celebrate Thanksgiving Day! Access will be available from 0:01 AM to 11:59 PM, Pacific Time (USA)
• ### Free lesson on number properties

November 23, 2018

November 23, 2018

10:00 PM PST

11:00 PM PST

Practice the one most important Quant section - Integer properties, and rapidly improve your skills.

# At what simple annual interest rate must

Author Message
TAGS:

### Hide Tags

Director
Joined: 06 Jan 2015
Posts: 516
Location: India
Concentration: Operations, Finance
GPA: 3.35
WE: Information Technology (Computer Software)
At what simple annual interest rate must  [#permalink]

### Show Tags

29 Oct 2018, 05:39
00:00

Difficulty:

15% (low)

Question Stats:

93% (00:49) correct 7% (01:24) wrong based on 15 sessions

### HideShow timer Statistics

At what simple annual interest rate must $2,500 be invested if it is to earn$225 in interest in one year?

A)6%
B)7%
C)8%
D)9%
E)10%

_________________

आत्मनॊ मोक्षार्थम् जगद्धिताय च

Resource: GMATPrep RCs With Solution

Board of Directors
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4230
Location: India
GPA: 3.5
Re: At what simple annual interest rate must  [#permalink]

### Show Tags

29 Oct 2018, 07:38
NandishSS wrote:
At what simple annual interest rate must $2,500 be invested if it is to earn$225 in interest in one year?

A)6%
B)7%
C)8%
D)9%
E)10%

$$225 = \frac{2500*1*r}{100}$$

So, $$225 = 25r$$

Thus, $$r = 9$$% ; Answer must be (D)
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Re: At what simple annual interest rate must &nbs [#permalink] 29 Oct 2018, 07:38
Display posts from previous: Sort by