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The total value of 100 dollars after it is invested for m
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sandy
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GRE 1: Q167 V156
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The total value of 100 dollars after it is invested for m [#permalink] New post  28 Dec 2016, 15:15
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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.



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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  28 Dec 2016, 15:36
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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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shikha0611
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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
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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, 14:13
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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 = \(\$100(1+\frac{0.08}{m})\)

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shikha0611
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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 :)
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kimweed
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Re: The total value of 100 dollars after it is invested for m [#permalink] New post  11 Oct 2017, 08:51
sandy wrote:
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.


Don't you mean option D?
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pranab223
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Re: The total value of 100 dollars after it is invested for m [#permalink] New post  11 Oct 2017, 21:36
kimweed wrote:
sandy wrote:
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.


Don't you mean option D?



YES it is option D .
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Re: The total value of 100 dollars after it is invested for m [#permalink] New post  08 Jul 2021, 07:14
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