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How long will Lucy have to wait before for her \$2,500 invested at 6%

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Math Expert
Joined: 02 Sep 2009
Posts: 64250
How long will Lucy have to wait before for her \$2,500 invested at 6%  [#permalink]

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08 Aug 2019, 00:37
00:00

Difficulty:

25% (medium)

Question Stats:

93% (00:38) correct 7% (01:45) wrong based on 15 sessions

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How long will Lucy have to wait before for her \$2,500 invested at 6% earns \$600 in simple interest?

A. 2 years
B. 3 years
C. 4 years
D. 5 years
E. 6 years

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CEO
Joined: 03 Jun 2019
Posts: 2917
Location: India
GMAT 1: 690 Q50 V34
WE: Engineering (Transportation)
Re: How long will Lucy have to wait before for her \$2,500 invested at 6%  [#permalink]

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08 Aug 2019, 03:20
1
Bunuel wrote:
How long will Lucy have to wait before for her \$2,500 invested at 6% earns \$600 in simple interest?

A. 2 years
B. 3 years
C. 4 years
D. 5 years
E. 6 years

Asked: How long will Lucy have to wait before for her \$2,500 invested at 6% earns \$600 in simple interest?

\$2500 * 6/100 * x = \$600
x = 600 / 6 / 25 = 4 years

IMO C
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Kinshook Chaturvedi
Email: kinshook.chaturvedi@gmail.com
Re: How long will Lucy have to wait before for her \$2,500 invested at 6%   [#permalink] 08 Aug 2019, 03:20