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27 Aug 2024, 20:01
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
83% (02:22) correct
17%
(00:26)
wrong
based on 6
sessions
History
Date
Time
Result
Not Attempted Yet
At the beginning of January 2003, Lisa invested $10,000 in an account that collected interest, compounding monthly. Assume the annual percentage rate of interest remained constant. She withdrew the money, with interest, at the end of December, 2008. What was the annual percentage of interest paid on this account?
(1) Lisa earned $61.83 in interest in November, 2003.
(2) At the end of December, 2008, Lisa had gained a total of $4176.25 in interest.
A.Statement 1 ALONE is sufficient to answer the question, but statement 2 alone is NOT sufficient.
B. Statement 2 ALONE is sufficient to answer the question, but statement 1 alone is NOT sufficient.
C. BOTH statements 1 and 2 TOGETHER are sufficient to answer the question, but NEITHER statement ALONE is sufficient.
D. Each statement ALONE is sufficient to answer the question.
E. Statement 1 and 2 TOGETHER are NOT sufficient to answer the question.
(1) Lisa earned $61.83 in interest in November, 2003.
(2) At the end of December, 2008, Lisa had gained a total of $4176.25 in interest.
A.Statement 1 ALONE is sufficient to answer the question, but statement 2 alone is NOT sufficient.
B. Statement 2 ALONE is sufficient to answer the question, but statement 1 alone is NOT sufficient.
C. BOTH statements 1 and 2 TOGETHER are sufficient to answer the question, but NEITHER statement ALONE is sufficient.
D. Each statement ALONE is sufficient to answer the question.
E. Statement 1 and 2 TOGETHER are NOT sufficient to answer the question.
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28 Aug 2024, 00:28
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Kavicogsci
The answer is D because, from each statement, we can build an equation with one unknown. However, the numbers differ from each, so overall, it's not a well-constructed question. Ignore.
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