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# A certain bank has ten branches. What is the total amount of

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Manager
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A certain bank has ten branches. What is the total amount of [#permalink]

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15 Dec 2007, 14:28
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

A certain bank has ten branches. What is the total amount of assets under management at the bank?

(1) There is an average of 400 customers per branch. When each branch’s average assets under management per customer is computed, these values are added together and this sum is divided by 10. The result is \$400,000 per customer.

(2) When the total assets per branch are added up, each branch is found to manage, on average, 160 million dollars in assets.
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I understand the concepts being tested, but, however, I don't agree w/ the answer. I'll let you guys take a crack at it before i elaborate any further.
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15 Dec 2007, 15:35

1 is sufficient since it tells you that the total asset are 400,000 * 400 * 10

2 is sufficient since the total assets are 160 millions by 10
Re: Assets Under Management   [#permalink] 15 Dec 2007, 15:35
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