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 Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

Show Tags

26 Oct 2012, 14:02

1

This post received KUDOS

Expert's post

5

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

45% (medium)

Question Stats:

71% (03:37) correct
29% (02:36) wrong based on 174 sessions

HideShow timer Statistics

Ms. Morris invested in Fund A and Fund B. The total amount she invested, in both funds combined, was $100,000. In one year, Fund A paid 23% and Fund B paid 17%. The interest earned in Fund B was exactly $200 greater than the interest earned in Fund A. How much did Ms. Morris invest in Fund A? (A) $32,000 (B) $36,000 (C) $40,000 (D) $42,000 (E) $45,000

For this question, one could do an algebraic solution, but would it be faster to backsolve from the answers? I would argue for the latter, though I imagine there will be a difference of opinions on this question.

Ms. Morris invested in Fund A and Fund B. The total amount she invested, in both funds combined, was $100,000. In one year, Fund A paid 23% and Fund B paid 17%. The interest earned in Fund B was exactly $200 greater than the interest earned in Fund A. How much did Ms. Morris invest in Fund A? (A) $32,000 (B) $36,000 (C) $40,000 (D) $44,000 (E) $45,000

For this question, one could do an algebraic solution, but would it be faster to backsolve from the answers? I would argue for the latter, though I imagine there will be a difference of opinions on this question.

Perhaps other experts would also like to chime in on the issue of when to solve algebraically vs. when to backsolve.

Mike

The correct answer should be 42,000, and it is not listed neither above, nor in the question you published on your blog. It just appears in the solution you posted. _________________

PhD in Applied Mathematics Love GMAT Quant questions and running.

The correct answer should be 42,000, and it is not listed neither above, nor in the question you published on your blog. It just appears in the solution you posted.

Yes, you're right --- a mistake on my part --- the OA is $42,000, and I just corrected the question above & the blog. Thank you very much.

Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

Show Tags

02 Feb 2013, 16:35

1

This post received KUDOS

1

This post was BOOKMARKED

chibimoon wrote:

Could someone post the algebraic way please

A+B=100,000

0.17B=0.23A+200

You now have two equations, so you can either substitute or eliminate. In the explanation above, elimination is used, here I use substitution (elimination is easier in this case)

Take away decimals first: 17B=23A+20,000

Isolate first equation to solve for A (your goal): B=100,000-A

Plug in for B: 17(100,000-A)=23A+20,000 1,700,000-17A=23A+20,000 1,680,000=40A 1,680,000/40=A A=42,000=Answer Choice D _________________

"How far that little candle throws his beams. So shines a good deed in a weary world." - Shakespeare

Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

Show Tags

02 May 2013, 11:29

Expert's post

Here's another problem from that same article, one that's even less amenable to algebraic treatment.

If the sequence a(n) is defined as a(n) = \(n^2 + n + \sqrt{n+3}\), then which of the following values of n represents the first terms such that a(n) > 500? (A) 13 (B) 22 (C) 33 (D) 46 (E) 78

Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

Show Tags

19 Nov 2014, 06:23

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: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

Show Tags

26 May 2016, 00:15

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. _________________

Excellent posts dLo saw your blog too..!! Man .. you have got some writing skills. And Just to make an argument = You had such an amazing resume ; i am glad...

So Much $$$ Business school costs a lot. This is obvious, whether you are a full-ride scholarship student or are paying fully out-of-pocket. Aside from the (constantly rising)...

I barely remember taking decent rest in the last 60 hours. It’s been relentless with submissions, birthday celebration, exams, vacating the flat, meeting people before leaving and of...

Rishabh from Gyan one services, India had a one to one interview with me where I shared my experience at IMD till now. http://www.gyanone.com/blog/life-at-imd-interview-with-imd-mba/ ...