GRE Problem Solving Question 663
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Source: Magoosh
Sarah invested $38,700 in an account that paid 6.2% annual interest, compounding monthly. She left the money in this account, collecting interest for three full years. Approximately how much interest did she earn in the last month of this period?
- A $239.47
- B $714.73
- C $2793.80
- D $7,888.83
- E $15,529.61