GRE Problem Solving Question 664
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Source: Magoosh
Peter invests $100,000 in an account that pays 12% annual interest: the interest is paid once, at the end of the year. Martha invests $100,000 in an account that pays 12% annual interest, compounding monthly at the end of each month. At the end of one full year, compared to Peter's account, approximately how much more does Martha's account have?
- A Zero
- B $68.25
- C $682.50
- D $6825.00
- E $68250.00