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#34455

arithmetic

percentage

medium

70 sec

Consider two investment strategies for an initial amount of money $M$ :

Strategy A: A 5% increase in the first year, followed by a 20% increase in the second year.
Strategy B: A 10% increase in the first year, followed by a 15% increase in the second year.

Which strategy results in a greater total percentage increase over the two years, and by approximately what percentage point difference?

A.

Strategy A, by approximately 0.5 percentage points.

B.

Strategy B, by approximately 0.1 percentage points.

C.

Strategy A, by approximately 0.25 percentage points.

D.

Strategy B, by approximately 0.5 percentage points.