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

Redeem

Lucy deposited $62500 in an investment fund that provide 16 percent annual return compounded quarterly.

Expert replies
by AAPL » Mon May 31, 2021 5:29 am

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty

E-GMAT

Lucy deposited $62500 in an investment fund that provide 16 percent annual return compounded quarterly. If she made no other transactions with the fund, in how much time, in months, did her investment earn a total of $5100?

A. 0.5
B. 2
C. 3
D. 6
E. 6.1

OA D
Join the discussion
Source: — Problem Solving |