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

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After a period of 3 years, how much greater is the interest [#permalink] New post 14 Oct 2003, 23:56
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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
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 [#permalink] New post 15 Oct 2003, 01:55
To answer the question, we need to know both X and Y; therefore, it is C.
  [#permalink] 15 Oct 2003, 01:55
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