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If not stated, assume compound interest?

Problem Solving — algebra and arithmetic
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Junior | Next Rank: 30 Posts
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by teekayy » Sat Nov 29, 2008 1:10 pm
If a question does not directly state simple or compound, should I assume compound? Will questions on the GMAT always state what type of interest is required?
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by Neo2000 » Sat Nov 29, 2008 5:18 pm
If not stated, then you assume Simple Interest. Questions will state the type of interest so you dont really have to worry.
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