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From May 1 to May 30 in the same year, the balance in a

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Senior Manager
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From May 1 to May 30 in the same year, the balance in a [#permalink] New post 13 Mar 2007, 22:01
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A
B
C
D
E

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From May 1 to May 30 in the same year, the balance in a checking account increased. What was the balance in the checking account on May 30?

(1) If, during this period of time, the increase in the balance in the checking account had been 12 percent, then the balance in the account on May 30 would have been $504.

(2) During this period of time, the increase in the balance in the checking account was 8 percent.


I think the answer is C.

But the OA is A.

Isn't the OA wrong?

Please advise.
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 [#permalink] New post 13 Mar 2007, 22:09
I agree with your answer... I dunno how come OA is A (could be a mistake)

regards,

Amardeep
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A is correct [#permalink] New post 14 Mar 2007, 15:13
A is correct

12% increase caused it to be 504
so, u have the checking balance on may 30

BUT with

statement 2, u cannot find out what wud be the balance on may 30
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 [#permalink] New post 14 Mar 2007, 15:53
OA is A??? Why? Do they have some sort of explanation?
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Re: A is correct [#permalink] New post 14 Mar 2007, 15:55
smiley77 wrote:
A is correct

12% increase caused it to be 504
so, u have the checking balance on may 30

BUT with

statement 2, u cannot find out what wud be the balance on may 30


But 1st statement begins with "if"... It does not say that's what actually happened...
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Re: A is correct [#permalink] New post 14 Mar 2007, 17:56
linau wrote:
smiley77 wrote:
A is correct

12% increase caused it to be 504
so, u have the checking balance on may 30

BUT with

statement 2, u cannot find out what wud be the balance on may 30


But 1st statement begins with "if"... It does not say that's what actually happened...


Yeah..that's why I think it should be C. That "if"..

There's no explanation...just the answer. Well..I've seen a couple of mistakes in the answers so I guess it's just another mistake... :(
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 [#permalink] New post 20 May 2007, 16:42
i agree

i think if is the keyword
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 [#permalink] New post 20 May 2007, 22:40
Ya this prob. sucks. Since we aren't suppose to assume ANYTHING. Then theres no way it should be A. the IF is the key indicator that this didn't happen, but IF it did, it would look like this.

B obviously is insuff. b/c it doesnt tell us any value, just a %. Both together make sense.

I just hope there isnt a crappy question come the real GMAT day. Cause I wouldve picked C.
  [#permalink] 20 May 2007, 22:40
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