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

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SVP
SVP
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Joined: 07 Jun 2014
Posts: 1822
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
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Kudos [?]: 609 [0], given: 121

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

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

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Sandy
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SVP
SVP
User avatar
Joined: 07 Jun 2014
Posts: 1822
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 38

Kudos [?]: 609 [0], given: 121

Re: The total value of 100 dollars after it is invested for m [#permalink] New post 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.
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Sandy
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Re: The total value of 100 dollars after it is invested for m [#permalink] New post 11 Jan 2017, 10:47
Hi sandy, can you state equation for Quantity A? . Thanks
SVP
SVP
User avatar
Joined: 07 Jun 2014
Posts: 1822
GRE 1: 323 Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 38

Kudos [?]: 609 [0], given: 121

Re: The total value of 100 dollars after it is invested for m [#permalink] New post 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
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Sandy
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Intern
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Joined: 07 Aug 2016
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Re: The total value of 100 dollars after it is invested for m [#permalink] New post 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
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