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Math Expert
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General Discussion
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Re: Some people form a joint account for one year with the condition that [#permalink]
This question is excellent, however, you might want to rephrase this line:

"Also, the person who withdraws from the account before the end of the year get his/her amount at the end of the year."

The wording is causing some confusion.
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Some people form a joint account for one year with the condition that [#permalink]
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Solution


Given

    • Every month each member deposits an amount equal to the number of members in the account in that month
    • The person who withdraws from the account before the end of the year gets his/her amount at the end of the year.
    • After 6 months, 1/4th of the people withdraw and 1/3rd of the remaining withdraw after 3 months.
    • Of the monsters who can spit fireballs, 8 also blow freezing wind.
    • At the end of the year, there is an amount of Rs. 4860 in the account before paying off the withdrawn amounts.

To Find

• Number of members in the beginning.

Approach and Working Out

    • After 6 months \(\frac{1}{4}\)th leaves.
      o Remaining = \(\frac{3}{4}\)th.
    • After another 3 months \(\frac{1}{3}\)th of \(\frac{3}{4}\)th left.
      o This is \(\frac{1}{4}\)th of the total.
      o Remaining = 1 – \(\frac{1}{4}\) – \(\frac{1}{4}\)= \(\frac{1}{2}\)
    • From this I can see the answer is a multiple of 4.
    • Let me take the number to be 4x.
      o 6 months = 6 × \((4x)^2\)
        = \(96x^2\)
      o Next 3 months = 3× \((3x)^2\)
        = \(27x^2\)
      o End 3 months = 3 × (2x)^2.
        = \(12x^2\)
    • Total amount = 96\(x^2\) + 27\(x^2\) + 12\(x^2\) = 4860
      Or, 135\(x^2\) = 4860
      Or, \(x^2\) = 36
      Or, x = 6
    • Answer = 4x = 24

Correct Answer: Option B
GMAT Club Bot
Some people form a joint account for one year with the condition that [#permalink]
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