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

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

interest rate

Expert replies
Source: — Problem Solving |

by Mr2Bits » Tue Jan 13, 2009 1:31 pm
You are trying to determine how much interest you will make over N years when you are making X percentage each year.

So you invest 10,000 for N years

10k * N = 10,000N

Percentage is calculated by X/100

So in this case $10,000N(x/100) = interest made over N years

If its easier for you to see, plug in some default values for N and X
Join the discussion

by DavoodBeater » Tue Jan 13, 2009 2:07 pm
so why not this solution? why am i wrong?

10,000 * [1+ (x/100)]^n - 10,000
Join the discussion

by Mr2Bits » Tue Jan 13, 2009 4:05 pm
The key term is SIMPLE INTEREST RATE. The growth is only based on orignal investment. You are thinking about the problem as compound interest growth such as a 401k which in this case it is not.

Simple Interest = p * i * n
p = principal (original amount borrowed or loaned)
i = interest rate for one period
n = number of periods

Translate the question in these term. You invest $10 for 5 years, what is the total interest made if you make 10% interest on the initial investment amount each year.

10*5(.10) = $5 over 5 years You make $1 per year.
Join the discussion

by DavoodBeater » Wed Jan 14, 2009 1:08 am
Now i see. Thanks.
Join the discussion