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

 It is currently 31 May 2016, 04:12

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

Michele invests some of her money in a mutual fund that

Author Message
TAGS:

Hide Tags

Manager
Joined: 09 Feb 2013
Posts: 120
Followers: 1

Kudos [?]: 645 [1] , given: 17

Michele invests some of her money in a mutual fund that [#permalink]

Show Tags

22 Mar 2013, 00:59
1
KUDOS
1
This post was
BOOKMARKED
00:00

Difficulty:

5% (low)

Question Stats:

84% (01:40) correct 16% (00:47) wrong based on 88 sessions

HideShow timer Statistics

Michele invests some of her money in a mutual fund that quickly goes sour, losing 50% of its value each day for a week. Which of the following COULD NOT be the value of Michele’s investment at the close-of-business any day that week?

A. $0.00 B.$133.00
C. $250.05 D.$1575.00
E. $10000.00 [Reveal] Spoiler: OA _________________ Kudos will encourage many others, like me. Good Questions also deserve few KUDOS. Last edited by Bunuel on 22 Mar 2013, 03:06, edited 1 time in total. Edited the question. VP Status: Far, far away! Joined: 02 Sep 2012 Posts: 1123 Location: Italy Concentration: Finance, Entrepreneurship GPA: 3.8 Followers: 169 Kudos [?]: 1700 [1] , given: 219 Re: Michele invests some of her money in a mutual fund that qu [#permalink] Show Tags 22 Mar 2013, 01:37 1 This post received KUDOS Any of the answers can be written as $$X=50%Y$$ except A: there is no way a sum can reach 0 in this scenario, even if divided by 0,5 infinite times _________________ It is beyond a doubt that all our knowledge that begins with experience. Kant , Critique of Pure Reason Tips and tricks: Inequalities , Mixture | Review: MGMAT workshop Strategy: SmartGMAT v1.0 | Questions: Verbal challenge SC I-II- CR New SC set out !! , My Quant Rules for Posting in the Verbal Forum - Rules for Posting in the Quant Forum[/size][/color][/b] Director Status: Tutor - BrushMyQuant Joined: 05 Apr 2011 Posts: 557 Location: India Concentration: Finance, Marketing Schools: XLRI (A) GMAT 1: 570 Q49 V19 GMAT 2: 700 Q51 V31 GPA: 3 WE: Information Technology (Computer Software) Followers: 86 Kudos [?]: 457 [1] , given: 53 Re: Michele invests some of her money in a mutual fund that qu [#permalink] Show Tags 22 Mar 2013, 02:31 1 This post received KUDOS emmak wrote: Michele invests some of her money in a mutual fund that quickly goes sour, losing 50% of its value each day for a week. Which of the following COULD NOT be the value of Michele’s investment at the close-of-business any day that week?$0.00

$133.00$250.05

$1575.00$10000.00

Suppose she invests n$in the starting then in the subesequent days the money left after the day will be n/2, n/4, n/8, n/16, n/32 Since the amont is a multiple of n so the amount can never be 0 , as in this case the initial investment itself will be zero. So, answer will be A Hope it helps! _________________ Ankit Check my Tutoring Site -> Brush My Quant GMAT Quant Tutor How to start GMAT preparations? How to Improve Quant Score? Gmatclub Topic Tags Check out my GMAT debrief How to Solve : Statistics || Reflection of a line || Remainder Problems || Inequalities GMAT Club Legend Joined: 09 Sep 2013 Posts: 9715 Followers: 467 Kudos [?]: 120 [0], given: 0 Re: Michele invests some of her money in a mutual fund that [#permalink] Show Tags 08 Mar 2015, 08:47 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. _________________ Re: Michele invests some of her money in a mutual fund that [#permalink] 08 Mar 2015, 08:47 Similar topics Replies Last post Similar Topics: 1 Jaya invests in a new mutual fund. The fund averages 10% growth annual 4 28 Feb 2016, 09:49 6 A broker invested her own money in the stock market. During the first 8 24 Nov 2014, 07:25 1 If 1/2 of the money in a certain trust fund was invested in 3 14 Mar 2014, 03:21 16 Lucy invested$10,000 in a new mutual fund account exactly 18 03 Sep 2012, 05:47
25 Michelle deposited a certain sum of money in a savings 12 02 Sep 2012, 20:39
Display posts from previous: Sort by