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Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer?.

Solutions for Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Novak invested $5000 in scheme A for 4 years, which gave a fixed rate of return each year. From the second year of this investment, the interest earned on scheme A in the previous year was reinvested annually in scheme B, whose annual rate of interest, compounded annually, varied with the performance of scheme B in that particular year. If the total interest earned from both the schemes in the first 3 years was $500, $550 and $710 respectively and scheme B offered an interest rate of 5 percent per annum in the fourth year, what was the total interest in dollars that was earned in the fourth year from both the schemes?a)415b)563c)588d)628e)735Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice GMAT tests.