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# m 13 #15

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Manager
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13 Jun 2009, 14:56
Money is paid into an account in portions of $500 and paid out in portions of$300. If after a month the account grew by $1,200, what is the least possible number of transactions that could have been made? (C) 2008 GMAT Club - m13#15 3 4 5 6 7 SVP Joined: 29 Aug 2007 Posts: 2492 Followers: 68 Kudos [?]: 735 [0], given: 19 Re: m 13 #15 [#permalink] ### Show Tags 14 Jun 2009, 16:58 pmal04 wrote: Money is paid into an account in portions of$500 and paid out in portions of $300. If after a month the account grew by$1,200, what is the least possible number of transactions that could have been made?

(C) 2008 GMAT Club - m13#15

3
4
5
6
7

The question is not pretty clear. I suppose there were no begaining balances.

I go with B. 3(500) - 1(300) = 1200.

So total transactions = 3+1 = 4
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16 Jun 2009, 09:27
Hi GT,
Does it mean, I can't deposit 1000 or 1500?
Am I allowed to dEoposit only $500 in a single transaction SVP Joined: 29 Aug 2007 Posts: 2492 Followers: 68 Kudos [?]: 735 [0], given: 19 Re: m 13 #15 [#permalink] ### Show Tags 17 Jun 2009, 13:20 pmal04 wrote: Hi GT, Does it mean, I can't deposit 1000 or 1500? Am I allowed to dEoposit only$500 in a single transaction

Thats what exactly is unclear.
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17 Jun 2009, 18:17
Well I would go for 4.
I feel portion of 500 means one transaction so on that note we will have 4.

I would be very surprised if answer comes to be 3.
Re: m 13 #15   [#permalink] 17 Jun 2009, 18:17
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# m 13 #15

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