Moe invested a total of $5000 at 5 percent simple annual interest for n years. Is n > 4?
(1) At the end of n years; Moe's investment with interest was more than $5500.
(2) At the end of n years; Moe's investment with interest was less than $6500.
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sanju09
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neerajkumar1_1
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statement 1; n could be 4 and more.. so insufficient...
statement 2: n is definitely greater than 5... so sufficient...
IMO: B
statement 2: n is definitely greater than 5... so sufficient...
IMO: B
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killer1387
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imo Esanju09 wrote:Moe invested a total of $5000 at 5 percent simple annual interest for n years. Is n > 4?
(1) At the end of n years; Moe's investment with interest was more than $5500.
(2) At the end of n years; Moe's investment with interest was less than $6500.
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diebeatsthegmat
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i think the answer should be E...sanju09 wrote:Moe invested a total of $5000 at 5 percent simple annual interest for n years. Is n > 4?
(1) At the end of n years; Moe's investment with interest was more than $5500.
(2) At the end of n years; Moe's investment with interest was less than $6500.
the formular is F=year*interest*the sum of money, so
statement1 n could be any number from 3
statement 2: interest <6500 so the min interest moe could get is 1500 so n should be 6 and 6, n,4..
both is also insufficient
E
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spartacus1412
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from statement 1 : n >2
from statement 2 : n <6
none of them prove n >4 alone.
when combined 2<n<6.
hence, E.
from statement 2 : n <6
none of them prove n >4 alone.
when combined 2<n<6.
hence, E.
