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At the same time, Jane deposited a sum of money at 10%

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Senior Manager
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At the same time, Jane deposited a sum of money at 10% [#permalink] New post 12 May 2005, 06:17
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A
B
C
D
E

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0% (00:00) correct 0% (00:00) wrong based on 0 sessions
At the same time, Jane deposited a sum of money at 10% compounded annual interest and Sam deposited a sum of money at 6% compounded annual interest. What is the ratio of Jane's investment to Sum's?
1) One year later, the two sums of money are the same.
2) One year later, Jane's money is $3,300 more than Sum's
Director
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 [#permalink] New post 12 May 2005, 07:17
It’s B
With 1, we have 1 equation and 2 unknowns so insuff
With B, we have 1 equation and 1 unknown so suff
Senior Manager
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 [#permalink] New post 12 May 2005, 08:01
Folaa..

Be careful when solving such problems. Thjis is common ETS trap.
The question is asking for a ratio! Hence, we may not necessarily need to solve 2 unknowns in eqn 1.

Give it another shot.
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 [#permalink] New post 12 May 2005, 09:21
Is this a valid GMAT question.

1) and 2) cannot have differing results in real GMAT questions. This one seems to suggest so.
Director
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 [#permalink] New post 12 May 2005, 09:38
Pb india,

It can’t be C (else it’s not the best wording). Statement 1 and statement 2 are both conflicting IMO. I’m sure there is a hidden trick to solving this question.
In all i still stand corrected.
Manager
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 [#permalink] New post 12 May 2005, 13:19
No tricks.

Jane's money - J
Sam's money - S

Find J/S

(1) J + 0.1*J = S + 0.06*S => J/S = 1.06/1.1

(2) J + 0.1*J = S + 0.06*S + 3300 - dead end
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 [#permalink] New post 12 May 2005, 18:38
Tyr you are correct.

OA is "A"

From "B" you cannot get ratio of J/S
  [#permalink] 12 May 2005, 18:38
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At the same time, Jane deposited a sum of money at 10%

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