clear this b4 leaving word.prbl :) 550-600

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Night reader: Legendary Member; Posts: 1337; Joined: Sat Dec 27, 2008 6:29 pm; Thanked: 127 times; Followed by:10 members

clear this b4 leaving word.prbl :) 550-600

by Night reader » Mon Nov 22, 2010 11:31 pm

Emily wants to earn $40 in interest over a 1-year period from a savings account. The principal she must deposit varies inversely with the interest rate of the account. If the interest rate is 5%, she must deposit $500. If the interest rate is 4%, how much she must deposit?
A. $400
B. $525
C. $540
D. $625
E. $440

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Source: Beat The GMAT — Problem Solving | Mon Nov 22, 2010 11:31 pm

goyalsau: Legendary Member; Posts: 866; Joined: Mon Aug 02, 2010 6:46 pm; Location: Gwalior, India; Thanked: 31 times

by goyalsau » Mon Nov 22, 2010 11:54 pm

Night reader wrote:Emily wants to earn $40 in interest over a 1-year period from a savings account. The principal she must deposit varies inversely with the interest rate of the account. If the interest rate is 5%, she must deposit $500. If the interest rate is 4%, how much she must deposit?
A. $400
B. $525
C. $540
D. $625
E. $440