Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
Apr 2912:30 AM EDT
-01:30 AM EDT
Learn how Kamakshi achieved a GMAT 675 with an impressive 96th %ile in Data Insights. Discover the unique methods and exam strategies that helped her excel in DI along with other sections for a balanced and high score.
Apr 3001:30 AM EDT
-02:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
May 0111:00 AM PDT
-12:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
May 0306:30 AM PDT
-08:30 AM PDT
Verbal trouble on GMAT? Fix it NOW! Join Sunita Singhvi for a focused webinar on actionable strategies to boost your Verbal score and take your performance to the next level.
14 Mar 2016, 07:55
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
80% (02:00) correct
20%
(02:35)
wrong
based on 189
sessions
History
Date
Time
Result
Not Attempted Yet
Ann invested a certain sum of money in a bank that paid simple interest. The amount grew to $240 at the end of 2 years. She waited for another 3 years and got a final amount of $300. What was the principal amount that she invested at the beginning?
A. $150
B. $175
C. $200
D. $210
E. $220
A. $150
B. $175
C. $200
D. $210
E. $220
14 Mar 2016, 21:24
Kudos
Bookmarks
Amount at end of 2 years = 240$
Amount at end of 5 years = 300$
Difference in amount for time period of 3 years = 60$
Annual Interest earned = 60/3 = 20$
Principal amount invested at the beginning = 240 - 2*20 = 200$
Answer C
Amount at end of 5 years = 300$
Difference in amount for time period of 3 years = 60$
Annual Interest earned = 60/3 = 20$
Principal amount invested at the beginning = 240 - 2*20 = 200$
Answer C
14 Mar 2016, 21:36
Kudos
Bookmarks
Bunuel
300-240=60, is the interest on the principal for 3 years; the interest for 1 year is 20; interest for 2 years is 40
240-40=200 is the principal.
