interest questions on QR

[caroochy]

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While doing the Topscore practice exam, I encountered a few simple and compound interest questions. Anybody ever see those on the DAT or other programs?

 

[tinman831]

i saw one. it just asked for the simple interested accrued on an amount over 3 years or something. i dont think they'll be as bad as the practice exams.

 

[howui3]

Yes I had an interest problem. Something like, you start with $1,000 how much money would you have earned in two years with a 8% yearly.

It was pretty easy, I just took 8% of $1000, making a total of $1080 after the first year and then i took another 8% of $1080. Not bad at all.

 

[food4thots]

i had pretty lengthy one about car value. something about it's depreciation and sales value.