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26 Apr 2017, 08:27
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D
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Difficulty:
5%
(low)
Question Stats:
88% (00:20) correct
12%
(00:31)
wrong
based on 87
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If $200 were invested at 10% annual interest, the total value of the investment, in dollars, after a year would be
A. $202
B. $210
C. $212
D. $220
E. $222
A. $202
B. $210
C. $212
D. $220
E. $222
26 Apr 2017, 11:06
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A = P(1+RT/100)
A = 200(1+10/100)
= 200*110/100
= 2*110
= 220
Answer is D. $220
A = 200(1+10/100)
= 200*110/100
= 2*110
= 220
Answer is D. $220
26 Apr 2017, 11:48
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This is less than a 1 minute question.
10% of 200 = 20
A tip:
If the unit digit of a number is 0 and your asked to find 10% of that number, just simply remove the last 0.
After you find 10% of 200, add it to 200
Which is 220
Answer is D
10% of 200 = 20
A tip:
If the unit digit of a number is 0 and your asked to find 10% of that number, just simply remove the last 0.
After you find 10% of 200, add it to 200
Which is 220
Answer is D
