Source: Official Guide for the GMAT 12th Ed. Section 5.3 Problem Solving; #78

1

Leona bought a 1-year, $10,000 certificate of

Leona bought a 1-year, $10,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on this certificate at maturity? $10,464, $ 864, $ 816, $ 800, $ 480

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1

Gravatar Mike McGarry, Magoosh Tutor

Nov 5, 2012 • Comment

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Section 5.3 Problem Solving

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