Find all School-related info fast with the new School-Specific MBA Forum

It is currently 25 May 2015, 00:37

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

An amount of money was invested at 10% a year. Five times that amount

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Current Student
avatar
Joined: 13 Jul 2009
Posts: 145
Location: Barcelona
Schools: SSE
Followers: 16

Kudos [?]: 319 [0], given: 22

An amount of money was invested at 10% a year. Five times that amount [#permalink] New post 02 Sep 2009, 05:46
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

100% (03:19) correct 0% (00:00) wrong based on 5 sessions
An amount of money was invested at 10% a year. Five times that amount was invested at 15%. How much was invested at 15% if the total annual return was $1,615?
_________________

Performance: Gmat | Toefl
Contributions: The Idioms Test | All Geometry Formulas | Friendly Error Log | GMAT Analytics
MSc in Management: All you need to know | Student Lifestyle | Class Profiles

Senior Manager
Senior Manager
avatar
Joined: 23 Jun 2009
Posts: 354
Location: Turkey
Schools: UPenn, UMich, HKS, UCB, Chicago
Followers: 5

Kudos [?]: 97 [0], given: 63

Re: An amount of money was invested at 10% a year. Five times that amount [#permalink] New post 02 Sep 2009, 05:49
x=amount invested 10%
5x=amount invested 15%
interest=x.10%+5x.15%=0,85x
interest=0,85x=1.615 => x=1.900
5x=8.500 that is invested 15%
1 KUDOS received
Manager
Manager
avatar
Joined: 10 Jul 2009
Posts: 171
Followers: 1

Kudos [?]: 44 [1] , given: 8

Re: An amount of money was invested at 10% a year. Five times that amount [#permalink] New post 02 Sep 2009, 08:04
1
This post received
KUDOS
Let x and 5x be the amounts invested as 10% and 15% respectively.
Annual return for x = .1x
Annual return for 5x = .75x
Total return = .85x = 1615
x = 1900
So amount invested for 15% = 9500.

Please post OA
Current Student
avatar
Joined: 13 Jul 2009
Posts: 145
Location: Barcelona
Schools: SSE
Followers: 16

Kudos [?]: 319 [0], given: 22

Re: An amount of money was invested at 10% a year. Five times that amount [#permalink] New post 02 Sep 2009, 10:51
Aleehsgonji wrote:
Let x and 5x be the amounts invested as 10% and 15% respectively.
Annual return for x = .1x
Annual return for 5x = .75x
Total return = .85x = 1615
x = 1900
So amount invested for 15% = 9500.

Please post OA


Excellent,
you did it nicely ;)

maliyeci did it right too, only the 5 * 1900 was wrong.
_________________

Performance: Gmat | Toefl
Contributions: The Idioms Test | All Geometry Formulas | Friendly Error Log | GMAT Analytics
MSc in Management: All you need to know | Student Lifestyle | Class Profiles

GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 09 Sep 2013
Posts: 4928
Followers: 297

Kudos [?]: 54 [0], given: 0

Premium Member
Re: An amount of money was invested at 10% a year. Five times that amount [#permalink] New post 19 Feb 2015, 03:08
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

GMAT Books | GMAT Club Tests | Best Prices on GMAT Courses | GMAT Mobile App | Math Resources | Verbal Resources

Expert Post
EMPOWERgmat Instructor
User avatar
Status: GMAT Assassin/Co-Founder
Affiliations: EMPOWERgmat
Joined: 19 Dec 2014
Posts: 2178
Location: United States (CA)
GMAT 1: 800 Q51 V49
GRE 1: 340 Q170 V170
Followers: 93

Kudos [?]: 587 [0], given: 41

Re: An amount of money was invested at 10% a year. Five times that amount [#permalink] New post 19 Feb 2015, 13:09
Expert's post
Hi All,

Since the posters in this thread are probably long gone (the posts are over 5 years old), the following advice isn't really for them.

This type of prompt involves some standard formula use and calculations - you'll do similar work on Test Day again and again. However, since the 5 answer choices were not included, we're essentially STUCK using that approach. Based on the wording of the prompt, the answers would have been numbers, which means that we could have TESTed THE ANSWERS and quite possibly answered the question in LESS time and with LESS work. During your practice, to maximize your overall abilities, you have to be comfortable using more than one approach. Take advantage of ALL of the information that you've been given (including what's in the answer choices) and you'd be amazed how "gettable" most GMAT questions actually are.

GMAT assassins aren't born, they're made,
Rich
_________________

Rich Cohen
Rich.C@empowergmat.com
http://www.empowergmat.com

EMPOWERgmat GMAT Club Page, Study Plans, & Discounts
http://gmatclub.com/blog/courses/empowergmat-discount/?fl=menu

Image

Re: An amount of money was invested at 10% a year. Five times that amount   [#permalink] 19 Feb 2015, 13:09
    Similar topics Author Replies Last post
Similar
Topics:
5 Experts publish their posts in the topic Twenty-five adults reported the amount of time each spent st Bunuel 4 08 May 2013, 06:02
_____________________________________________ | Amount b14kumar 7 09 Sep 2007, 15:13
What will $1500 amount to in three years if it is invested Titleist 1 02 Nov 2005, 20:53
1996 amount x was invested, By 1997 the amount increased by trickygmat 3 17 Oct 2005, 19:52
The commission acknowledged that no amount of money or staff okdongdong 4 22 Jul 2005, 05:21
Display posts from previous: Sort by

An amount of money was invested at 10% a year. Five times that amount

  Question banks Downloads My Bookmarks Reviews Important topics  


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®.