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

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GMAT Club Legend
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Joined: 07 Jun 2014
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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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Question Stats:

33% (03:31) correct 66% (00:07) wrong based on 9 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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GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jun 2014
Posts: 4711
GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
Followers: 91

Kudos [?]: 1614 [0], given: 376

CAT Tests
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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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
GMAT Club Legend
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Joined: 07 Jun 2014
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GRE 1: Q167 V156
WE: Business Development (Energy and Utilities)
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Kudos [?]: 1614 [0], given: 376

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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
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 = \(\$100(1+\frac{0.08}{m})\)

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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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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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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] 11 Oct 2017, 21:36
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