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Global Stats
Some amount of money is invested in an account at \(r\) percent compound interest rate, the amount of investment will double in \(\dfrac{70}{r}\) years. If the amount gets \(4\) times in \(n\) years, is \(n < 10?\)
(1) \(r < 14\%\)
(2) \(r > 12\%\)
Answer: A
Source: e-GMAT
(1) \(r < 14\%\)
(2) \(r > 12\%\)
Answer: A
Source: e-GMAT