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If $2,000 were invested at 10% annual interest, how much profit would

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If $2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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New post 17 Jan 2017, 09:16
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A
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C
D
E

Difficulty:

  5% (low)

Question Stats:

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

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Re: If $2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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New post 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
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Re: If $2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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New post 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]

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New post 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
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Re: If $2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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New post 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%)
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Re: If $2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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New post 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]

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New post 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
Answer D...

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Re: If $2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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New post 11 Oct 2017, 01:06
This one shoudn't even take 5 seconds. 10% of 2,000 = 200.
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Re: If $2,000 were invested at 10% annual interest, how much profit would  [#permalink]

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New post 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.

Answer: D
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Re: If $2,000 were invested at 10% annual interest, how much profit would &nbs [#permalink] 13 Oct 2017, 08:24
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