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# What is the value of 36,500(1.05)^n?

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Manager
Joined: 28 May 2009
Posts: 155
Location: United States
Concentration: Strategy, General Management
GMAT Date: 03-22-2013
GPA: 3.57
WE: Information Technology (Consulting)
Followers: 4

Kudos [?]: 126 [0], given: 91

What is the value of 36,500(1.05)^n? [#permalink]  24 Dec 2012, 18:24
00:00

Difficulty:

15% (low)

Question Stats:

82% (01:46) correct 18% (00:55) wrong based on 38 sessions
What is the value of 36,500*1.05^n?

(1) n^2 -5n+6 = 0

(2) $$n-2\neq{0}$$

P.S. Does someone know how the Forum's Math plugin parses ≠?
[Reveal] Spoiler: OA

_________________

Last edited by Bunuel on 25 Dec 2012, 04:03, edited 1 time in total.
Renamed the topic and edited the question.
Math Expert
Joined: 02 Sep 2009
Posts: 28227
Followers: 4460

Kudos [?]: 44971 [1] , given: 6637

Re: What is the value of 36,500(1.05)^n? [#permalink]  25 Dec 2012, 04:08
1
KUDOS
Expert's post
What is the value of 36,500*1.05^n?

(1) n^2 -5n+6 = 0 --> n=2 or n=3. Not sufficient.

(2) $$n-2\neq{0}$$ --> $$n\neq{2}$$. Not sufficient.

(1)+(2) Since $$n\neq{2}$$, then $$n=3$$. Sufficient.

megafan wrote:
P.S. Does someone know how the Forum's Math plugin parses ≠?

To get $$n-2\neq{0}$$ wite x-2\neq{0} and press m button.

Hope it helps.
_________________
Re: What is the value of 36,500(1.05)^n?   [#permalink] 25 Dec 2012, 04:08
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