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DS - Difficult 700 level Q - SI & CI

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DS - Difficult 700 level Q - SI & CI

by karthikpandian19 » Sat Jul 21, 2012 8:36 am
Tamir deposits $100,000 in a basic savings account that yields b% simple annual interest. At the same time, he deposits $100,000 in a special account that yields s% interest, compounded annually. At the end of two years, is the amount of interest earned by the special account greater than the amount of interest earned by the basic account?

1. b < 1.05s
2. The amount of interest Tamir earns from the basic account during the first year is greater than $11,000
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The source of the questions that i post from JUNE 2013 is from KNEWTON

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by niketdoshi123 » Sat Jul 21, 2012 11:24 am
karthikpandian19 wrote:Tamir deposits $100,000 in a basic savings account that yields b% simple annual interest. At the same time, he deposits $100,000 in a special account that yields s% interest, compounded annually. At the end of two years, is the amount of interest earned by the special account greater than the amount of interest earned by the basic account?

1. b < 1.05s
2. The amount of interest Tamir earns from the basic account during the first year is greater than $11,000

https://www.beatthegmat.com/knewton-data ... tml#486816
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by eagleeye » Sat Jul 21, 2012 11:52 am
karthikpandian19 wrote:Tamir deposits $100,000 in a basic savings account that yields b% simple annual interest. At the same time, he deposits $100,000 in a special account that yields s% interest, compounded annually. At the end of two years, is the amount of interest earned by the special account greater than the amount of interest earned by the basic account?

1. b < 1.05s
2. The amount of interest Tamir earns from the basic account during the first year is greater than $11,000
I solved it in this post already :)
https://www.beatthegmat.com/knewton-data ... tml#486859
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