Your Insider Guide to the GRE

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Free GRE Test Questions

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

(Practice Mode: Single selected Question » Back to Overview)

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 $r$?

A0.41
B0.50
C0.75
D1.00
E1.41

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