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Soumita Ghosh
- Master | Next Rank: 500 Posts
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Ten years ago, Dorothy deposited a certain amount of money in account A at 3% simple annual interest rate. At the same time, Marla deposited another amount in account B at 4% simple annual interest rate. If there were no withdrawals or deposits during the ten years since the deposits, is the current interest in A greater than that in B?
(1) The amount invested in A was $1000 more than that invested in B.
(2) The investment in account A obtained an interest of $300 last year.
A)statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;
B)statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;
C)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked;
D)EACH statement ALONE is sufficient to answer the question asked;
E)statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.
Can anyone know how to pick number for this question.??Is there any strategy for picking number so that I can use it in future.
when I am picking principal for account B $1000 then current interest in A greater than that in B.
When I am picking principal for account B $10000 then current interest in B greater than that in A.
How I will understand I have to try with number $10000 instead of trying with $5000 after trying with $1000?
(1) The amount invested in A was $1000 more than that invested in B.
(2) The investment in account A obtained an interest of $300 last year.
A)statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;
B)statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;
C)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked, but NEITHER statement ALONE is sufficient to answer the question asked;
D)EACH statement ALONE is sufficient to answer the question asked;
E)statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data specific to the problem are needed.
Can anyone know how to pick number for this question.??Is there any strategy for picking number so that I can use it in future.
when I am picking principal for account B $1000 then current interest in A greater than that in B.
When I am picking principal for account B $10000 then current interest in B greater than that in A.
How I will understand I have to try with number $10000 instead of trying with $5000 after trying with $1000?
