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

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

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

00:00

A

B

C

D

E

## Global Stats

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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