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

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

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


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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.
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by Brent@GMATPrepNow » Tue Feb 23, 2016 8:11 pm
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