GMAT Interest Rate Problems – Part 2: Compound Interest
By Dominate the GMAT / February 02, 2019 / Blog
In “GMAT Interest Rate Problems – Part 1” we looked at simple interest and the way it’s commonly tested on the GMAT. What makes it “simple” is the fact that interest is accrued over one (1) time period, generally one year. If you invest $5,000 and earn an interest rate of 5%, it’s assumed that […]