Free GRE Practice Question

Question 1 of 1
ID: GRE-MC-9
Section: Quantitative Reasoning - Multiple Choice with one answer
Topics: Word Problems; Compound Interest
Difficulty level: Easy

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A sum of money, $\$P$, invested in a bank was found to become 4 times its value in every 4 years. If the value of the sum of money after $t$ years is given by $P{(1+r)}^t$, what is the value of $r$?

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