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An initial investment of \(\$10,000\) was deposited in a bank account one year ago, and additional deposits were made during the year. If no withdrawals were made, what was the total amount of interest earned on this account during the year?
(1) The additional deposits during the year totaled \(\$5,000.\)
(2) The account earned interest at the annual rate of \(6\) percent compounded quarterly.
Answer: E
Source: GMAT Prep
(1) The additional deposits during the year totaled \(\$5,000.\)
(2) The account earned interest at the annual rate of \(6\) percent compounded quarterly.
Answer: E
Source: GMAT Prep
