Carcass wrote:
\(d > 0\)
Quantity A |
Quantity B |
The total interest earned on d dollars invested for 3 months at 11 percent simple annual interest |
\(\frac{11}{3} (\frac{d}{100})\) 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.
Explanation::QTY A : The total interest earned on d dollars invested for 3 months at 11 percent simple annual interest =\(d * \frac{3}{12} * \frac{11}{100}\) =\(d * \frac{1}{4} * \frac{11}{100}\) = \(\frac{11}{4} * \frac{d}{100}\) (time is calculated in terms of years)
Hence QTY A < QTY B
Option B
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