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

 It is currently 22 Nov 2014, 05:13

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

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Investment question

Author Message
TAGS:
Current Student
Joined: 13 Jul 2009
Posts: 145
Location: Barcelona
Schools: SSE
Followers: 15

Kudos [?]: 308 [0], given: 22

Investment question [#permalink]  02 Sep 2009, 05:46
00:00

Difficulty:

(N/A)

Question Stats:

100% (03:24) correct 0% (00:00) wrong based on 2 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
Joined: 23 Jun 2009
Posts: 360
Location: Turkey
Schools: UPenn, UMich, HKS, UCB, Chicago
Followers: 5

Kudos [?]: 95 [0], given: 63

Re: Investment question [#permalink]  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%
Manager
Joined: 10 Jul 2009
Posts: 172
Followers: 1

Kudos [?]: 36 [0], given: 8

Re: Investment question [#permalink]  02 Sep 2009, 08:04
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.

Current Student
Joined: 13 Jul 2009
Posts: 145
Location: Barcelona
Schools: SSE
Followers: 15

Kudos [?]: 308 [0], given: 22

Re: Investment question [#permalink]  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.

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

Re: Investment question   [#permalink] 02 Sep 2009, 10:51
Similar topics Replies Last post
Similar
Topics:
Investment 3 04 Mar 2011, 10:10
Investment Bank Culture Questions 3 27 Oct 2010, 10:16
Investments 5 02 Sep 2008, 04:00
Another Investment Management Question 8 31 May 2007, 09:40
Investment Banking 6 28 Nov 2005, 11:51
Display posts from previous: Sort by