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Re: Leo invested a certain amount of money for one year. He invested $1,00 [#permalink]
mitko20m wrote:
Leo invested a certain amount of money for one year. He invested $1,000 of the amount at c percent simple annual interest and the rest of the amount at d percent simple annual interest. If the amount that Leo invested at c percent annual interest and the amount that he invested at d percent annual interest earned $30 in interest for that year, what was the total amount that Leo invested for that year?

(1) c - d = 1
(2) c = 0.75d


Is this an official question? I ask because it is not clear from the wording of the Q whether the interest for each is 30 or together. Am I misreading?
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Re: Leo invested a certain amount of money for one year. He invested $1,00 [#permalink]
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KarishmaParmar wrote:
mitko20m wrote:
Leo invested a certain amount of money for one year. He invested $1,000 of the amount at c percent simple annual interest and the rest of the amount at d percent simple annual interest. If the amount that Leo invested at c percent annual interest and the amount that he invested at d percent annual interest earned $30 in interest for that year, what was the total amount that Leo invested for that year?

(1) c - d = 1
(2) c = 0.75d


Is this an official question? I ask because it is not clear from the wording of the Q whether the interest for each is 30 or together. Am I misreading?


Hi,
You are absolutely correct that the wordings are misleading....
Use of EACH or COMBINED would have clarified the issue..
Cannot be an official Q..
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Re: Leo invested a certain amount of money for one year. He invested $1,00 [#permalink]
Hi chetan

This is an official question as it appeared in the question bank of one of the exam packs from gmat prep. Yes, the wording is confusing. But the official answer is c. So we may be need to assume that $30 each
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Re: Leo invested a certain amount of money for one year. He invested $1,00 [#permalink]
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Statement 1 and 2 are contradicting each other,

Statement 1 : c is greater than d
Statement 2: c is less than d

How come as interests only positive?
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Re: Leo invested a certain amount of money for one year. He invested $1,00 [#permalink]
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vel4gmat wrote:
Hi chetan

This is an official question as it appeared in the question bank of one of the exam packs from gmat prep. Yes, the wording is confusing. But the official answer is c. So we may be need to assume that $30 each


Well , if the answer is C then it cannot be " each " It has to be combined interest is 30.

Answer can be D only if interest of each is = 30

Hope moderator will look into this.
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Re: Leo invested a certain amount of money for one year. He invested $1,00 [#permalink]
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This question came up in GMAT Prep Exam 6 for me; the word 'each' was added:

"Leo invested a certain amount of money for one year. He invested $1,000 of the amount at c percent simple annual interest and the rest of the amount at d percent simple annual interest. If the amount that Leo invested at c percent and the amount that he invested at d percent each earned $30 in interest for that year, what was the total amount that Leo invested for that year?

(1) c = d – 1
(2) c = 0.75d "

Bunuel can you update?
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Re: Leo invested a certain amount of money for one year. He invested $1,00 [#permalink]
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basshead wrote:
This question came up in GMAT Prep Exam 6 for me; the word 'each' was added:

"Leo invested a certain amount of money for one year. He invested $1,000 of the amount at c percent simple annual interest and the rest of the amount at d percent simple annual interest. If the amount that Leo invested at c percent and the amount that he invested at d percent each earned $30 in interest for that year, what was the total amount that Leo invested for that year?

(1) c = d – 1
(2) c = 0.75d "

Bunuel can you update?

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Edited. Thank you.

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