If Joanie puts $500 in a savings account that earns 10 percent annual interest compounded semiannually...

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BTGmoderatorLU: Moderator; Posts: 2558; Joined: Sun Oct 15, 2017 1:50 pmFollowed by: 6 members

by BTGmoderatorLU » Sat Jan 16, 2021 12:49 pm

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Source: Princeton Review

If Joanie puts $500 in a savings account that earns 10 percent annual interest compounded semiannually, how much money will be in the account after one year?

A. $51.25
B. $510
C. $550
D. $551.25
E. $565

The OA is D

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Source: Beat The GMAT — Problem Solving | Sat Jan 16, 2021 12:49 pm

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