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percents

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kamalakarthi Senior | Next Rank: 100 Posts Default Avatar
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percents

Post Sun Aug 17, 2014 6:12 am
If $5000 invested for one year at p percent simple annual interest yields $500,what amount must be invested at k percent simple annual interest for one year to yield the same amount of dollars ?


1. k=0.8p
2. k=8

This question is from OG. Can you please help me to solve and understand. Thanks in advance.

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Post Sun Aug 17, 2014 10:26 am
Thanks, Bhoopendra!

I've edited my response.

Cheers,
Brent

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Post Sun Aug 17, 2014 7:42 am
Hi Brent,

I guess a typo error occurred while you were typing the answer option. You meant Option 'D' but typed it 'C' by mistake.. Smile

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Post Sun Aug 17, 2014 10:26 am
Thanks, Bhoopendra!

I've edited my response.

Cheers,
Brent

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Use our video course along with Beat The GMAT's free 60-Day Study Guide

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GMATinsight Legendary Member
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Post Sun Aug 17, 2014 7:42 am
Hi Brent,

I guess a typo error occurred while you were typing the answer option. You meant Option 'D' but typed it 'C' by mistake.. Smile

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Bhoopendra Singh & Sushma Jha - Founder "GMATinsight"
Testimonials e-mail: info@GMATinsight.com I Mobile: +91-9999687183 / +91-9891333772
To register for One-on-One FREE ONLINE DEMO Class Call/e-mail
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