GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
$500 invested for three years at 5% annual interest
[#permalink]
07 Dec 2021, 11:11
07 Dec 2021, 11:11
Expert Reply
3
Bookmarks
00:00
Question Stats:
44% (00:36) correct
55% (00:46) wrong based on 59 sessions
Hide Show timer Statistics
Quantity A |
Quantity B |
$500 invested for three years at 5% annual interest |
$575 |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Kudos for the right answer and explanation
Re: $500 invested for three years at 5% annual interest
[#permalink]
07 Dec 2021, 17:12
07 Dec 2021, 17:12
A is greater
Re: $500 invested for three years at 5% annual interest
[#permalink]
08 Dec 2021, 23:41
08 Dec 2021, 23:41
1
Shoudn't the answer be D?
If the interest is compounded annually, then A is greater, but if it is simple interest, then both are equal
If the interest is compounded annually, then A is greater, but if it is simple interest, then both are equal
