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 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

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
Limited cohort · enrollment openTarget 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.

Interest

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Junior | Next Rank: 30 Posts
Posts: 23
Joined: Wed Oct 19, 2011 7:12 pm
by silverflamein » Wed Oct 26, 2011 7:30 am
ABC Bank under its simple deposit scheme pays interest on the amount deposited. The Bank says, that if a depositer does not withdraw any portion of the deposit or interest before five years, the accumulated amount at the end of 8 years will be double the amount deposited at the beginning of the term. What is the rate of interest per annum ??
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Legendary Member
Posts: 2789
Joined: Tue Jul 26, 2011 12:19 amFollowed by: 43 members
Location: Chennai, India
Thanked: 206 times
GMAT Score:640

by GmatKiss » Wed Oct 26, 2011 8:09 am
r = 25 ??
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 966
Joined: Sat Jan 02, 2010 8:06 amFollowed by: 21 members
Thanked: 230 times

by shankar.ashwin » Wed Oct 26, 2011 9:47 am
Interest = PNR/100

For amount to be doubled, Interest should be equal to Principle invested.

Therefore, NR=100

R = 100/8 = 12.5%
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Senior | Next Rank: 100 Posts
Posts: 65
Joined: Mon Apr 04, 2011 6:22 am
Thanked: 4 times

by krishnakumar.ks » Wed Oct 26, 2011 10:35 am
r=12.5%. Thanks for that good explanation Shankar.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1