GMAT: Word Problems - Interest, Discount, Profit Quiz
Quiz Overview
Description
The GMAT contains a variety of word problems related to Interest, Discounts, and Profits. Some helpful formulas include:
Simple Interest = Principal * Interest rate * time
Compound Interest = P((1+n)n-1)
P = principle
n = number of compounding terms
i = yearly interest rate
Profit = revenues - expenses
Profit = price - cost
Simple Interest = Principal * Interest rate * time
Compound Interest = P((1+n)n-1)
P = principle
n = number of compounding terms
i = yearly interest rate
Profit = revenues - expenses
Profit = price - cost