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# John deposited \$10,000 to open a new savings account that earned 4 per

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Intern
Joined: 08 Oct 2017
Posts: 24
John deposited \$10,000 to open a new savings account that earned 4 per  [#permalink]

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27 Jun 2018, 16:35
00:00

Difficulty:

45% (medium)

Question Stats:

70% (00:39) correct 30% (00:21) wrong based on 10 sessions

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John deposited \$10,000 to open a new savings account that earned 4 percent annual interest, compounded quarterly. If there were no other transactions in the account, what was the amount of money in John’s account 6 months after the account was opened?

(A) \$10,100
(B) \$10,101
(C) \$10,200
(D) \$10,201
(E) \$10,400
Math Expert
Joined: 02 Sep 2009
Posts: 49430
Re: John deposited \$10,000 to open a new savings account that earned 4 per  [#permalink]

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27 Jun 2018, 20:09
hindu1988 wrote:
John deposited \$10,000 to open a new savings account that earned 4 percent annual interest, compounded quarterly. If there were no other transactions in the account, what was the amount of money in John’s account 6 months after the account was opened?

(A) \$10,100
(B) \$10,101
(C) \$10,200
(D) \$10,201
(E) \$10,400

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Re: John deposited \$10,000 to open a new savings account that earned 4 per &nbs [#permalink] 27 Jun 2018, 20:09
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# John deposited \$10,000 to open a new savings account that earned 4 per

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