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17 Jan 2017, 09:16
00:00

Difficulty:

5% (low)

Question Stats:

86% (00:25) correct 14% (00:31) wrong based on 111 sessions

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If $2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year? A.$0.2
B. $2 C.$20
D. $200 E.$2,200

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Re: If $2,000 were invested at 10% annual interest, how much profit would [#permalink] ### Show Tags 17 Jan 2017, 09:28 Bunuel wrote: If$2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year?

A. $0.2 B.$2
C. $20 D.$200
E. $2,200 Profit=10% of 2000 for 1 year =200 Ans D Manager Joined: 29 Feb 2016 Posts: 106 Location: India GMAT 1: 700 Q49 V35 GPA: 3 Re: If$2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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18 Jan 2017, 07:37
Bunuel wrote:
If $2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year? A.$0.2
B. $2 C.$20
D. $200 E.$2,200

profit is nothing but interest attained after a period of an year

SI = P*T*R/100

= 2000 * 1 * 10 /100 = 200 ANS : D
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Re: If $2,000 were invested at 10% annual interest, how much profit would [#permalink] ### Show Tags 23 Jan 2017, 06:11 2 Bunuel wrote: If$2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year?

A. $0.2 B.$2
C. $20 D.$200
E. $2,200 The profit the investment yields is the amount of interest earned. We can use the simple interest formula: Interest = principal x rate x time I = p x r x t I = 2,000 x 10/100 x 1 I = 2,000 x 1/10 I = 200 Answer: D _________________ Scott Woodbury-Stewart Founder and CEO GMAT Quant Self-Study Course 500+ lessons 3000+ practice problems 800+ HD solutions Manager Joined: 03 Jan 2017 Posts: 156 Re: If$2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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12 Mar 2017, 07:06
don't confuse profit with the total return:
profit would be 200$(2000*10%) while total return is 2200(2000*110%) Board of Directors Status: QA & VA Forum Moderator Joined: 11 Jun 2011 Posts: 4220 Location: India GPA: 3.5 WE: Business Development (Commercial Banking) Re: If$2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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12 Mar 2017, 11:26
Bunuel wrote:
If $2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year? A.$0.2
B. $2 C.$20
D. $200 E.$2,200

$$Profit = Interest$$

Thus, interest = $$\frac{2000*10}{100}$$

So, Profit = $$200$$

Hence, correct answer must be (D) 200
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Re: If $2,000 were invested at 10% annual interest, how much profit would [#permalink] ### Show Tags 18 May 2017, 12:03 If$2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year?
A. $0.2 B.$2
C. $20 D.$200
E. $2,200 SI = $$\frac{PTR}{100}$$ (SI = Simple interest, P = Principal, T = Time, R = Rate of interest) SI = $$\frac{2000 * 1 * 10}{100}$$ = 200 Hence profit after a year =$200

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13 Oct 2017, 08:24
Bunuel wrote:
If $2,000 were invested at 10% annual interest, how much profit would the investment yield, in dollars, after a year? A.$0.2
B. $2 C.$20
D. $200 E.$2,200

After 1 year the investment is worth 2,000 x 0.1 + 2000 = 2,200 dollars. So, a profit of 200 dollars is made.

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