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# What will \$1500 amount to in three years if it is invested

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Director
Joined: 14 Oct 2003
Posts: 582

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Location: On Vacation at My Crawford, Texas Ranch
What will \$1500 amount to in three years if it is invested [#permalink]

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02 Nov 2005, 21:53
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What will \$1500 amount to in three years if it is invested in 20% per annum compound interest, interest being compounded annually?

(1) 2400 (2) 2592 (3) 2678 (4) 2540 (5) 2630

_________________

"Wow! Brazil is big." â€”George W. Bush, after being shown a map of Brazil by Brazilian president Luiz Inacio Lula da Silva, Brasilia, Brazil, Nov. 6, 2005

http://www.nytimes.com/2005/11/21/international/asia/21prexy.html

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Current Student
Joined: 29 Jan 2005
Posts: 5201

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02 Nov 2005, 22:34
Yeah Duttsit, save the no brainers for NO BRAINER`S like me

OA is B (2) by brute force.

Kudos [?]: 437 [0], given: 0

02 Nov 2005, 22:34
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