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