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A certain bank has ten branches. What is the total amount of

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A certain bank has ten branches. What is the total amount of [#permalink]  15 Dec 2007, 13:28
A certain bank has ten branches. What is the total amount of assets under management at the bank?

(1) There is an average of 400 customers per branch. When each branch’s average assets under management per customer is computed, these values are added together and this sum is divided by 10. The result is $400,000 per customer. (2) When the total assets per branch are added up, each branch is found to manage, on average, 160 million dollars in assets. _______________________________________ I understand the concepts being tested, but, however, I don't agree w/ the answer. I'll let you guys take a crack at it before i elaborate any further. Intern Joined: 12 Nov 2007 Posts: 6 Followers: 0 Kudos [?]: 0 [0], given: 0 Re: Assets Under Management [#permalink] 15 Dec 2007, 14:35 Answer D is correct. 1 is sufficient since it tells you that the total asset are 400,000 * 400 * 10 2 is sufficient since the total assets are 160 millions by 10 Re: Assets Under Management [#permalink] 15 Dec 2007, 14:35 Similar topics Replies Last post Similar Topics: 4 In a certain economy, C represents the total amount of 7 14 Dec 2012, 12:27 A certain bank has ten branches. What is the total amount of 4 18 Nov 2011, 13:00 3 A local bank that has 15 branches uses a two-digit code to 20 27 Jul 2010, 11:25 The total amount that a certain bank loaned in 1998 was$47 1 07 Oct 2008, 05:24
A certain amount was deposited at bank A at a rate of x 3 30 Aug 2008, 02:36
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