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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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Joined: 07 Jun 2014

Posts: 4805

GRE 1: Q167 V156

WE:Business Development (Energy and Utilities)

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

28 Dec 2016, 15:15

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61% (01:04) wrong

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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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Page: 317

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sandy

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Joined: 07 Jun 2014

Posts: 4805

GRE 1: Q167 V156

WE:Business Development (Energy and Utilities)

Re: The total value of 100 dollars after it is invested for m [#permalink]

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]

11 Jan 2017, 10:47

Hi sandy, can you state equation for Quantity A? . Thanks

sandy

Retired Moderator

Joined: 07 Jun 2014

Posts: 4805

GRE 1: Q167 V156

WE:Business Development (Energy and Utilities)

Re: The total value of 100 dollars after it is invested for m [#permalink]

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]

11 Jan 2017, 20:59

Thanks Sandy

kimweed

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Joined: 27 Sep 2017

Posts: 1

Re: The total value of 100 dollars after it is invested for m [#permalink]

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?

pranab223

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Joined: 20 Apr 2016

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WE:Engineering (Energy and Utilities)

Re: The total value of 100 dollars after it is invested for m [#permalink]

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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bumpbot

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Re: The total value of 100 dollars after it is invested for m [#permalink]

08 Jul 2021, 07:14

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