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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]  30 Jul 2012, 02:18
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93% (01:40) correct 6% (00:55) wrong based on 4 sessions
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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GMAT Club team member
Joined: 02 Sep 2009
Posts: 11583
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Kudos [?]: 9581 [0], given: 826

Re: For which type of investment, J or K, is the annual rate of [#permalink]  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.

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Kudos [?]: 10 [0], given: 5

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

[Reveal] Spoiler:
A
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Kudos [?]: 9581 [0], given: 826

Re: For which type of investment, J or K, is the annual rate of [#permalink]  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.

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