About This Chapter
GRE Quantitative Reasoning: Practical Applications - Chapter Summary
Our professional instructors have put together this chapter to assist you in understanding the practical applications you'll be tested on when you take the GRE Quantitative Reasoning exam. Some of the topics covered include compound interest and the formula used to calculate it. After finishing this chapter, you should be prepared to:
- Solve problems using rates
- Find average and constant rates
- Use the formula to find simple interest rate
- Give examples of compound interest
Even if you've struggled with these concepts before, our informative lessons can help you fully understand even the most challenging subjects. Each lesson is accompanied by a short quiz so you can test yourself before moving on with confidence. Help from an expert is just a few clicks away in the Dashboard.
1. Solving Problems Using Rates
In this video lesson, learn how to set up rate problems so you can easily solve them. You will become familiar with the rate formula and you will see how easy it is to use.
2. Finding Constant and Average Rates
Watch this video lesson to learn the differences between constant and average rates. You will learn the steps you need to take to find them and get two great visuals you can keep in mind to help you solve these rate problems.
3. How to Find Simple Interest Rate: Definition, Formula & Examples
When we borrow a certain sum of money over a period of time, we agree that we will pay it back, along with a fee, known as the interest owed. Similarly, when we invest a sum of money in a savings account, the account earns us interest. This lesson will show you how to calculate a certain type of interest called simple interest.
4. What is Compound Interest? - Definition, Formula & Examples
In this lesson, find out what compound interest is and what makes it different from simple interest. Then learn the formula for calculating compound interest. Finally, compare both types of interest with a graph that shows the growth in interest.
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Other chapters within the GRE Test: Practice & Study Guide course
- GRE: About the Test
- GRE Verbal Reasoning: About the Verbal Reasoning Section
- GRE Verbal Reasoning: Reading Skills
- GRE Verbal Reasoning: Vocabulary Skills
- GRE Analytical Writing: About the Analytical Writing Measure
- GRE Analytical Writing: Crafting Your Argument
- GRE Analytical Writing: Planning Your Essay
- GRE Analytical Writing: Starting Your Essay
- GRE Analytical Writing: Writing the Essay Body
- GRE Analytical Writing: Editing Your Essay
- GRE Analytical Writing: Writing Technique
- GRE Analytical Writing: Writing Stronger Sentences
- GRE Analytical Writing: Grammar and Usage
- GRE Quantitative Reasoning: About the Quantitative Reasoning Section
- GRE Quantitative Reasoning: Numbers and Operations
- GRE Quantitative Reasoning: Fractions, Decimals & Mixed Numbers
- GRE Quantitative Reasoning: Sequences and Series
- GRE Quantitative Reasoning: Equations and Expressions
- GRE Quantitative Reasoning: Factoring with FOIL, Graphing Parabolas and Solving Quadratics
- GRE Quantitative Reasoning: Exponents & Roots
- GRE Quantitative Reasoning: Functions
- GRE Quantitative Reasoning: Rational Equations and Expressions
- GRE Quantitative Reasoning: Inequalities
- GRE Quantitative Reasoning: Plane Geometry
- GRE Quantitative Reasoning: Coordinate Geometry
- GRE Quantitative Reasoning: Probability and Statistics
- GRE Quantitative Reasoning: Interpreting Statistical Data
- GRE Quantitative Reasoning: Sets
- GRE Flashcards
- GRE Test Flashcards