BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem
TTP OnDemand GMAT Video Course
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
Start Free 5-Day Trial Read 559 Reviews →

Samantha

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
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 » Sat May 12, 2012 7:37 am
Samantha deposited a total of $25,000 in a bank CD and a money market account. The bank CD offers a 7.5% annual return, while the money market account offers a 5.25% annual return. If Samantha earns $400 more per year from the CD than the money market account, how much did she invest in the CD?

a. $10,569
b. $11,011
c. $11,569
d. $13,431
e. $13,989
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 » Sat May 12, 2012 7:46 am
Need a short method for this one!
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
Community Manager
Posts: 1060
Joined: Fri May 13, 2011 6:46 amFollowed by: 52 members
Location: Utrecht, The Netherlands
Thanked: 318 times

by neelgandham » Sat May 12, 2012 8:12 am
Let the Investment in the bank CD be X, then
the Investment in the money market account = 25000-X

From the question

(7.5/100)*X - (5.25/100)*(25000-X) = 400
(12.75/100)*X - 1312.5 - 400
(12.75/100)*X = 1712.5
X = 13431.xx

IMO D
Anil Gandham
Welcome to BEATtheGMAT | Photography | Getting Started | BTG Community rules | MBA Watch
Check out GMAT Prep Now's online course at https://www.gmatprepnow.com/
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1