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The total of company C's assets in 1994 was 300% greater

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Manager
Joined: 07 Sep 2007
Posts: 80
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The total of company C's assets in 1994 was 300% greater [#permalink]  08 Sep 2007, 10:33
The total of company C's assets in 1994 was 300% greater than the total in 1993, which in turn was 400% greater than the total in 1992, was N dollars. Which of the following represents the total of company C's assets in dollar in 1994?

A. 7N
B. 8N
C. 9N
D. 12N
E. 20N
I used N = 3 than in 1993, 4(3) = 12 and 1994, 3(12) = 36. The answer I got was D. 12N.
But the correct answer was E. can anyone show is that done?
VP
Joined: 10 Jun 2007
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Re: Another one of Gmat Prep [#permalink]  08 Sep 2007, 10:49
A.Haung wrote:
The total of company C's assets in 1994 was 300% greater than the total in 1993, which in turn was 400% greater than the total in 1992, was N dollars. Which of the following represents the total of company C's assets in dollar in 1994?

A. 7N
B. 8N
C. 9N
D. 12N
E. 20N
I used N = 3 than in 1993, 4(3) = 12 and 1994, 3(12) = 36. The answer I got was D. 12N.
But the correct answer was E. can anyone show is that done?

The key here is to know "greater than"
1992:N
1993:N+4N
1994:N+4N+3*(5N) = 5N+15N = 20N
Re: Another one of Gmat Prep   [#permalink] 08 Sep 2007, 10:49
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