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Ellen invested $100 at simple annual interest, and the investment beca
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06 Apr 2023, 04:44
06 Apr 2023, 04:44
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66% (01:33) correct
33% (01:17) wrong based on 6 sessions
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Ellen invested $100 at simple annual interest, and the investment became three times in 12.5 years. What will be the total amount of the investment after 25 years?
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500
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
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Re: Ellen invested $100 at simple annual interest, and the investment beca
[#permalink]
06 Apr 2023, 21:17
06 Apr 2023, 21:17
2
A = P + PTR/100
3P = P + PTR/100
R = 16
In 25 years
A = 100 + 100*25*16/100 = 500
3P = P + PTR/100
R = 16
In 25 years
A = 100 + 100*25*16/100 = 500
gmatclubot
Re: Ellen invested $100 at simple annual interest, and the investment beca [#permalink]
06 Apr 2023, 21:17
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