BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
GMATLiveTeach Starts Oct 17
Chris Peckover, Target Test Prep GMAT expert
LIVE ONLINE CLASSES

Get Ready for GMAT Test Day Faster with Live Online Classes

with Chris Peckover, 100th-Percentile GMAT Scorer

Oct 17 · Chris Peckover
Sat · 11:00 AM to 2:00 PM ET
Oct 20 · Chris Peckover
Tue, Thu · 8:00 to 10:00 PM ET
Oct 25 · Josh Braslow
Sun · 1:00 to 4:00 PM ET
Included
40 hours of live online classes + 6 months of TTP OnDemand
  • Attend the first class for free
  • Every class is recorded, so you never fall behind
View classes & enroll
Limited seats availableTarget Test Prep
EALiveTeachOnDemand 5 seats left Start anytime
EXECUTIVE ASSESSMENT

Target Test Prep EA OnDemand

Self-paced EA prep. Study on your schedule.

Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

165+ EA score guarantee
$05-day trial no automatic billing
Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll Start free 5-day trial
Limited cohort · enrollment openTrial includes full course accessTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

Compound Interest

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Senior | Next Rank: 100 Posts
Posts: 73
Joined: Fri Jul 23, 2010 1:30 pm
by PGMAT » Thu Aug 30, 2012 5:36 pm
Michelle deposited a certain sum of money in a savings account on July 1st, 2007. She earns an 8% interest compounded semiannually. The sum of money in the account on December 31st, 2009 is approximately what percent of the initial deposit?

117%
120%
121%
135%
140%

Can some one show an easy way to solve this? Thanks.
[spoiler]OA:C[/spoiler]
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
User avatar
MBA Admissions Consultant
Posts: 2279
Joined: Fri Nov 11, 2011 7:51 amFollowed by: 266 members
Location: New York
Thanked: 660 times
GMAT Score:770

by Jim@StratusPrep » Thu Aug 30, 2012 5:59 pm
Simple interest over 5 periods would be 20% (4 x 5). You know you are going to be more than this because of compounding but not almost double or double as is in D and E.
GMAT Answers provides a world class adaptive learning platform.
-- Push button course navigation to simplify planning
-- Daily assignments to fit your exam timeline
-- Organized review that is tailored based on your abiility
-- 1,000s of unique GMAT questions
-- 100s of handwritten 'digital flip books' for OG questions
-- 100% Free Trial and less than $20 per month after.
-- Free GMAT Quantitative Review

Image
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
Master | Next Rank: 500 Posts
Posts: 167
Joined: Fri Mar 09, 2012 8:35 pmFollowed by: 3 members
Thanked: 39 times

by adthedaddy » Thu Aug 30, 2012 8:13 pm
Ans: 121%
Detailing the steps below -
Assuming Principal amount=100 , over 5 terms we get a sum = 121 which is 121%
Attachments
Compound Int_BTG.png
"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary" - Steve Jobs
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Senior | Next Rank: 100 Posts
Posts: 82
Joined: Wed Feb 08, 2012 8:33 pm
Location: india

by mohan514 » Fri Aug 31, 2012 10:22 am
adthedaddy wrote:Ans: 121%
Detailing the steps below -
Assuming Principal amount=100 , over 5 terms we get a sum = 121 which is 121%
can we take 8% annually as 4% semi annually when compounding it
please elaborate your explanation..
thanks
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1