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Larry invested \(\$20,000\) in an investment that earned an annual interest of \(r\) percent when compounded quarterly.

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by BTGmoderatorLU » Fri Sep 01, 2023 8:39 am

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Larry invested \(\$20,000\) in an investment that earned an annual interest of \(r\) percent when compounded quarterly. On the same day, Mark invested \(\$20,000\) in an investment that earned an annual interest of \(a\) percent compounded semi-annually. Did Mark earn more interest than Larry at the completion of one year of their investments?

1) \(\dfrac{q}{200} > \dfrac{r}{400}\)

2) Peter, whose investment of \(\$20,000\) earned an annual interest of \(q\) percent compounded annually, earned more interest than Larry at the end of one year of the investment.

The OA is B
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Source: — Data Sufficiency |