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 →

If $5,000 is invested in an account at a simple annual rate

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Elite Legendary Member
Posts: 3991
Joined: Fri Jul 24, 2015 2:28 amFollowed by: 37 members
Location: Las Vegas, USA
Thanked: 19 times
by Max@Math Revolution » Sat Feb 20, 2016 10:41 pm
If $5,000 is invested in an account at a simple annual rate of r percent, the interest is $250. When $17,000 is invested at the same interest rate, what is the interest from the investment?

A. $700
B. $750
C. $800
D. $850
E. $900


* A solution will be posted in two days.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
User avatar
Elite Legendary Member
Posts: 3991
Joined: Fri Jul 24, 2015 2:28 amFollowed by: 37 members
Location: Las Vegas, USA
Thanked: 19 times

by Max@Math Revolution » Tue Feb 23, 2016 5:41 pm
If $5,000 is invested in an account at a simple annual rate of r percent, the interest is $250. When $17,000 is invested at the same interest rate, what is the interest from the investment?

A. $700
B. $750
C. $800
D. $850
E. $900


-> 250/5,000=5% and 17,000*5%=850.
Thus, D is the answer.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pmFollowed by: 1268 members
Location: Vancouver, BC
Thanked: 5254 times
GMAT Score:770

by Brent@GMATPrepNow » Tue Feb 23, 2016 8:11 pm
Related Resources
The following free video covers the concepts/strategies that are useful for answering this question: Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1