On a certain day, Tim invested $1,000 at 10 percent annual interest, compounded annually, and Lana invested 2,000 at 5 percent annual interest, compounded annually.The total amount of interest earned by Tim’s investment in the first 2 years was how much greater than the total amount of interest earned by Lana’s investment in the first 2 years?
Source: GMAT Prep
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On a certain day, Tim invested $1,000 at 10 percent annual interest
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