Last visit was: 18 Apr 2025, 06:49 It is currently 18 Apr 2025, 06:49
Decision Tracker
My Rewards
New comers' posts
New posts
Unanswered

Close

GRE Prep Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GRE score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Go to My Error Log Learn more
Close

Request Expert Reply

Confirm Cancel
PREVIOUS TOPIC
NEXT TOPIC

An amount of $10,000 is deposited in a bank

Tags :
Find Similar Topics  About  Add a Tag

Show Tags
Hide Tags

User avatar
D
Carcass
Verbal Expert
Joined: 18 Apr 2015
Posts: 31596
Own Kudos [?]: 37811 [0]
Given Kudos: 26238
Send PM
An amount of $10,000 is deposited in a bank [#permalink] New post   08 Apr 2025, 10:32
Expert Reply
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

Hide Show timer Statistics

An amount of $10,000 is deposited in a bank

Quantity A
Quantity B
Amount earned at a rate of $\(12 \%\)$ per annum compounded half yearly for 3 years
Amount earned at a rate of $\(10 \%\)$ per annum, compounded annually for 4 years



ShowHide Answer
Official Answer
B
User avatar
D
Carcass
Verbal Expert
Joined: 18 Apr 2015
Posts: 31596
Own Kudos [?]: 37811 [0]
Given Kudos: 26238
Send PM
Re: An amount of $10,000 is deposited in a bank [#permalink] New post   12 Apr 2025, 04:30
Expert Reply
Column A: $\(10,000\left(1+\frac{12 / 2}{100}\right)^6=10,000(1.06)^6\)$

Column B: $\(10,000\left(1+\frac{10}{100}\right)^4=10,000(1.1)^4=10,000(1.461)\)$

Hence, Column B $\(>\)$ Column A.

Thus, the correct answer is $\(B\)$.
Prep Club for GRE Bot
gmatclubot
Re: An amount of $10,000 is deposited in a bank [#permalink]
12 Apr 2025, 04:30
Moderators:
adewale223
GRE Instructor
108 posts
bronaugust
GRE Forum Moderator
37 posts
BrushMyQuant
Moderator
1131 posts
VibhuAnurag
GRE Instructor
234 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Main navigation

Partners

GRE Resources

www.ets.org/gre | About | Terms and Conditions and Privacy Policy | Prep Club for GRE Rules | Contact