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For which type of investment, J or K, is the annual rate of

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For which type of investment, J or K, is the annual rate of [#permalink] New post 30 Jul 2012, 02:18
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The Official Guide for GMAT® Review, 13th Edition - Quantitative Questions Project

For which type of investment, J or K, is the annual rate of return greater?

(1) Type J returns $115 per $1,000 invested for any one-year period and type K returns $300 per $2,500 invested for anyone-year period.
(2) The annual rate of return for an investment of type K is 12 percent.

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Re: For which type of investment, J or K, is the annual rate of [#permalink] New post 30 Jul 2012, 02:18
SOLUTION

For which type of investment, J or K, is the annual rate of return greater?

(1) Type J returns $115 per $1,000 invested for any one-year period and type K returns $300 per $2,500 invested for anyone-year period. We can get the rates of both investments and compare them. Sufficient.

(2) The annual rate of return for an investment of type K is 12 percent. We know nothing about investment J. Not sufficient.

Answer: A.
_________________

PLEASE READ AND FOLLOW: 11 Rules for Posting!!!

RESOURCES: [GMAT MATH BOOK]; 1. Triangles; 2. Polygons; 3. Coordinate Geometry; 4. Factorials; 5. Circles; 6. Number Theory

COLLECTION OF QUESTIONS:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. NEW!!!

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS ; 9 Devil's Dozen!!!; 10 Number Properties set. NEW!!!


What are GMAT Club Tests?
25 extra-hard Quant Tests

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Re: For which type of investment, J or K, is the annual rate of [#permalink] New post 30 Jul 2012, 20:55
For $2500 type J would return about $287 in 1 year.

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Re: For which type of investment, J or K, is the annual rate of [#permalink] New post 03 Aug 2012, 05:53
SOLUTION

For which type of investment, J or K, is the annual rate of return greater?

(1) Type J returns $115 per $1,000 invested for any one-year period and type K returns $300 per $2,500 invested for anyone-year period. We can get the rates of both investments and compare them. Sufficient.

(2) The annual rate of return for an investment of type K is 12 percent. We know nothing about investment J. Not sufficient.

Answer: A.
_________________

PLEASE READ AND FOLLOW: 11 Rules for Posting!!!

RESOURCES: [GMAT MATH BOOK]; 1. Triangles; 2. Polygons; 3. Coordinate Geometry; 4. Factorials; 5. Circles; 6. Number Theory

COLLECTION OF QUESTIONS:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. NEW!!!

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS ; 9 Devil's Dozen!!!; 10 Number Properties set. NEW!!!


What are GMAT Club Tests?
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Find out what's new at GMAT Club - latest features and updates

Re: For which type of investment, J or K, is the annual rate of   [#permalink] 03 Aug 2012, 05:53
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