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At the start of \(2015,\) Jane opened two new accounts \(X\) and \(Y\) to invest her total savings of \(\$1000.\) She

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by M7MBA » Sun Jan 03, 2021 11:18 am

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At the start of \(2015,\) Jane opened two new accounts \(X\) and \(Y\) to invest her total savings of \(\$1000.\) She invested \(p\) percent of her savings in account \(X,\) which yielded a simple interest of \(8\) percent per annum, and the rest of the savings in account \(Y,\) which yielded a simple interest of \(6\) percent per annum. Was the amount of interest earned by account \(X\) greater than the amount of interest earned by account \(Y\) during the year \(2015?\)

(1) The value of \(p\) was between \(25\) and \(30,\) inclusive.

(2) The total interest earned by the two accounts during \(2015\) was \(\$66.\)

Answer: D

Source: e-GMAT
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