It is currently 19 Feb 2017, 08:42

### GMAT 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

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# The total value of 100 dollars after it is invested for m

Author Message
TAGS:
VP
Joined: 07 Jun 2014
Posts: 1481
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 24

Kudos [?]: 429 [0], given: 99

The total value of 100 dollars after it is invested for m [#permalink]  28 Dec 2016, 15:15
Expert's post
00:00

Difficulty:

5% (low)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
 Quantity A Quantity B The total value of 100 dollars after it is invested for m months at 8 percent simple annual interest 100(1+\frac{0.08}{m}) dollars

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.

Drill 2
Question: 14
Page: 317
[Reveal] Spoiler: OA

_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

VP
Joined: 07 Jun 2014
Posts: 1481
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 24

Kudos [?]: 429 [0], given: 99

Re: The total value of 100 dollars after it is invested for m [#permalink]  28 Dec 2016, 15:36
Expert's post
Explanation

Plug in values for m. When m = 1, Quantity B is larger. When m = 12, Quantity A is larger.

Hence option A is correct.
_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

Intern
Joined: 07 Aug 2016
Posts: 11
Followers: 0

Kudos [?]: 2 [0], given: 0

Re: The total value of 100 dollars after it is invested for m [#permalink]  11 Jan 2017, 10:47
Hi sandy, can you state equation for Quantity A? . Thanks
VP
Joined: 07 Jun 2014
Posts: 1481
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 24

Kudos [?]: 429 [0], given: 99

Re: The total value of 100 dollars after it is invested for m [#permalink]  11 Jan 2017, 14:13
Expert's post
shikha0611 wrote:
Hi sandy, can you state equation for Quantity A? . Thanks

Hi shikha0611,

The total value of 100 dollars after it is invested for m months at 8 percent simple annual interest=\$100(1+\frac{0.08}{12}*m) The Quantity B is = \$100(1+\frac{0.08}{m})

Regards
_________________

Sandy
If you found this post useful, please let me know by pressing the Kudos Button

Try our free Online GRE Test

Intern
Joined: 07 Aug 2016
Posts: 11
Followers: 0

Kudos [?]: 2 [0], given: 0

Re: The total value of 100 dollars after it is invested for m [#permalink]  11 Jan 2017, 20:59
Thanks Sandy
Re: The total value of 100 dollars after it is invested for m   [#permalink] 11 Jan 2017, 20:59
Display posts from previous: Sort by