-
chocoswiss
- Senior | Next Rank: 100 Posts
- Posts: 37
- Joined: Sun Aug 22, 2010 1:23 am
- Location: Singapore
- Thanked: 1 times
The answer is 'e', seems straight forward unless I am missing something:
P(1+r/100)^T = 1000(1+(5.6/100))^3=1000(1.056)^3
BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course
Redeem
Featured Course
Target Test Prep GMAT OnDemand
Scott Woodbury-Stewart’s private virtual classroom — 400 hours of master-class video lessons for the GMAT Focus Edition.
- 715+ score guarantee — highest in the industry (99th percentile)
- 52 chapters · 1,500+ lessons · 4,000+ practice questions
- 400 hours of video · 1,500+ instructor-led HD smartboard lessons
- 300,000+ students accepted to Harvard, Stanford, Wharton, Booth & Sloan & more
- 24/7 live support + weekly Zoom office hours with GMAT instructors
- TTP AI Assist — 24/7 AI-powered virtual tutor for instant help
- 1,200+ flashcards + AI-powered study assistant & daily calendar
- OnDemand, LiveTeach & GMAT Bootcamp formats available
- Also: GRE, SAT Math & Executive Assessment courses
- MBA Admissions Consulting now available
- 🏆 2025 EdTech Breakthrough Award: Test Prep Solution Provider of the Year
- 200,000+ students served
- 5-day free trial — $0 to start, no auto-billing, cancel anytime
★★★★★
5.0
(559 reviews)
130-pt guarantee
$0 to start
then $127/mo
if $1000 were invested at 5.6% {exam in THREE days Help!)
Source: Beat The GMAT — Problem Solving |
u're right
oh man, with three days left i should be revising my basic formulae instead of taking more prac test
somehow i thought i dont need to know formulae for cmpd interest, standard dev etc for gmat
oh man, with three days left i should be revising my basic formulae instead of taking more prac test
somehow i thought i dont need to know formulae for cmpd interest, standard dev etc for gmat
Well in this question you actually dont. Two answers give you a total of over 3000, and the other two less than 1001. If you are investing your money for 3 years at 5.6% and tripling the amount then there is something shady going on, likewise if you earn only $1 then it aint worth investing 
Accepted into Haas, Kellogg, Duke, INSEAD, Wharton, Michigan 6/6
Sharp.........swutherton wrote:Well in this question you actually dont. Two answers give you a total of over 3000, and the other two less than 1001. If you are investing your money for 3 years at 5.6% and tripling the amount then there is something shady going on, likewise if you earn only $1 then it aint worth investing
Saurabh Goyal
[email protected]
-------------------------
EveryBody Wants to Win But Nobody wants to prepare for Win.
[email protected]
-------------------------
EveryBody Wants to Win But Nobody wants to prepare for Win.
wrong, third answer gives 1,168 and the last fifth 1,177.swutherton wrote:Well in this question you actually dont. Two answers give you a total of over 3000, and the other two less than 1001. If you are investing your money for 3 years at 5.6% and tripling the amount then there is something shady going on, likewise if you earn only $1 then it aint worth investing
