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If \(\$6,000\) invested for one year at \(x\) percent simple annual interest yields \(\$450\), what amount must be

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by AAPL » Wed Oct 04, 2023 8:00 am

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If \(\$6,000\) invested for one year at \(x\) percent simple annual interest yields \(\$450\), what amount must be invested at \(y\) percent simple annual interest for one year to yield the same number of dollars?

1. If \(\$4,500\) were invested at \(y\) percent simple annual interest for one year, the investment would yield \(\$450\)

2. If \(\$6,000\) were invested at \(y\) percent simple annual interest for one year, the investment would yield \(\$150\) more than if it were invested at \(x\) percent simple annual interest

OA D
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Source: — Data Sufficiency |