Quantitative Comparison Practice Test

Investment Returns: Option A invests $\$10{,}000$ at $4%$ simple interest for 5 years. Option B invests $$8{,}000$ at $5%$ simple interest for 5 years. Quantity A is the interest earned in Option A, and Quantity B is the interest earned in Option B. Determine whether Quantity A is greater, Quantity B is greater, or both are equal.

Population Growth: City A has $600{,}000$ people and grows by $2.5%$ per year. City B has $615{,}000$ people and grows by $2%$ per year. After 1 year, Quantity A is City A's population and Quantity B is City B's population. Determine whether Quantity A is greater, Quantity B is greater, or both are equal.