Andrew Geller

Andrew Geller is a top GMAT tutor based out of New York City. Throughout his career he has successfully taught people from many different backgrounds, countries, and starting scores.

If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest

If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amount of interest, I, earned by the deposit in the first n years is given by the formula I=1,000((1+r/100)^n−1), where r percent is the annual interest rate paid by the bank. Is the annual

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