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# After a period of 3 years, how much greater is the interest

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Manager
Joined: 27 Jul 2003
Posts: 124
Location: Singapore
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Kudos [?]: 10 [0], given: 0

After a period of 3 years, how much greater is the interest [#permalink]  14 Oct 2003, 22:56
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After a period of 3 years, how much greater is the interest income on $5,000 invested in investment A, which yields x percent interest compounded annually, than on the same amount invested in investment B, which yields y percent simple annual interest? (1) After 1 year, the interest income from investment A is$500.
(2) after 3 years, the interest income from investment B is \$1,500
SVP
Joined: 03 Feb 2003
Posts: 1609
Followers: 6

Kudos [?]: 75 [0], given: 0

To answer the question, we need to know both X and Y; therefore, it is C.
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