GRE Quantitative Reasoning › How to find compound interest
If a cash deposit account is opened with for a three year period at
% interest compounded once annually, which of the following is closest to the positive difference between the interest accrued in the third year and the interest accrued in the second year?
A five-year bond is opened with in it and an interest rate of
%, compounded annually. This account is allowed to compound for five years. Which of the following most closely approximates the total amount in the account after that period of time?
Jack has ,
to invest. If he invests two-thirds of it into a high-yield savings account with an annual interest rate of
, compounded quarterly, and the other third in a regular savings account at
simple interest, how much does Jack earn after one year?