Find all School-related info fast with the new School-Specific MBA Forum
Learn more about the recent changes... close

It is currently 21 May 2013, 20:04
Customize  |  Hide

Search
Register
New posts
Unanswered

4350 is invested into three parts at simple interest so that

  Question banks Downloads My Bookmarks Reviews  
  Oldest Best Reply
Search for:
 
Print view
First unread post
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 10 Jul 2006
Posts: 56
Followers: 1

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

GMAT Tests User
4350 is invested into three parts at simple interest so that [#permalink] New post 11 May 2008, 03:09
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
$4350 is invested into three parts at simple interest so that the amounts received after 1, 2 and 3 years respectively in each part are equal. Find the amount invested for 3 years, if the rate of interest is 10% p.a.
(1)$1320
(2)$1430
(3)$1540
(4)$1560
(5)$1650

please explain.
Intern
Intern
User avatar
Joined: 29 Apr 2008
Posts: 21
Followers: 0

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

Re: PS: Simple Interest question [#permalink] New post 11 May 2008, 04:59
let x,y,z are the amount invested for 3,2 and 1 years respectively.
x+x*3*0.1 = y + y*2*0.1 = z + z*1*0.1
=> 1.3x=1.2y=1.1z

x+y+z =4350
substitute z and y in terms of x
4.31x/1.32=435
x = 1332.25
Re: PS: Simple Interest question   [#permalink] 11 May 2008, 04:59
    Similar topics Author Replies Last post
Similar
Topics:
 New posts If $10,000 was invested at x percent simple annual interest gmatmba 9 14 May 2006, 13:38
New posts If $10,000 is invested at x percent simple annual interest gmat blows 6 23 Jun 2008, 10:38
New posts 1 EXPERTS_POSTS_IN_THIS_TOPIC Eric invests $A in project X at a simple interest of g Creeper300 7 05 Nov 2010, 09:56
New posts 1 EXPERTS_POSTS_IN_THIS_TOPIC Pamela and Joe invested some money at annual simple interest GMATBaumgartner 2 17 Oct 2012, 02:08
New posts EXPERTS_POSTS_IN_THIS_TOPIC An investment of y dollars at p percent simple interest yiel megafan 2 05 Feb 2013, 16:54
Display posts from previous: Sort by

4350 is invested into three parts at simple interest so that

  Question banks Downloads My Bookmarks Reviews  
Print view
First unread post

Moderators: Bunuel, VeritasPrepKarishma, IanStewart

Search for:


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com