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A certain company retirement plan has a "rule of 70"

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A certain company retirement plan has a "rule of 70" [#permalink] New post 19 Feb 2011, 19:55
00:00
A
B
C
D
E

Difficulty:

  25% (low)

Question Stats:

89% (02:01) correct 10% (00:00) wrong based on 19 sessions
A certain company retirement plan has a "rule of 70" provision that allows an employee to retire when the employee's age plus years of employment with the company total at least 70. In what year could a female employee hired in 1986 on her 32nd birthday first be eligible to retire under this provision?

A. 2003
B. 2004
C. 2005
D. 2006
E. 2007

[Reveal] Spoiler:
According to my sol

32+x=70
x=38

as age is also increasing with the increasing number of years we can't count the years twice 38/2=19


year of retirement will be 1986+19=2005

Any other explanation!
[Reveal] Spoiler: OA

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Last edited by Bunuel on 26 Nov 2012, 02:31, edited 1 time in total.
Renamed the topic and edited the question.
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Re: Year of retirement [#permalink] New post 20 Feb 2011, 01:50
Expert's post
A certain company retirement plan has a "rule of 70" provision that allows an employee to retire when the employee's age plus years of employment with the company total at least 70. In what year could a female employee hired in 1986 on her 32nd birthday first be eligible to retire under this provision?
A. 2003
B. 2004
C. 2005
D. 2006
E. 2007

Your solution is perfect. One can also do:

She must gain at least 70 points, now she has 32 and every year gives her two more points: one for age and one for additional year of employment, so 32 + 2*(# of years) = 70 --> (# of years) = 19 --> 1986+19=2005.

Answer: C.
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Re: Year of retirement   [#permalink] 20 Feb 2011, 01:50
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