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Gmat Prep Prob...??

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by moneyman » Tue Apr 29, 2008 7:36 am
Two things should be noticed

(1) The interest amount is asked
(2) We have to calculate simple interest

Well, the easiet method would be to pick numbers

Lets say x=10 and n=2

Interest for one year would be 10000*10%=1000

Interest for two years(n) would be 2000

Now substitute the values of x and n in the answer choices to find out which one gives 2000 as the answer

Choice C would give the answer as 2000
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by akshatsingh » Tue Apr 29, 2008 9:37 pm
You've answered D probably misreading "Compound Interest" to "Simple Interest".

The answer is surely C.

Cheers!
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by AleksandrM » Wed Apr 30, 2008 9:45 am
aks,

The question says simple annual interest.
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