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# A parent established a college fund for his daughter. Each year the

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Director
Joined: 19 Mar 2007
Posts: 522

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A parent established a college fund for his daughter. Each year the [#permalink]

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09 Jul 2007, 05:02
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35% (medium)

Question Stats:

65% (01:10) correct 35% (01:02) wrong based on 115 sessions

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A parent established a college fund for his daughter. Each year the parent made a contribution to the fund, and each year he increased his contribution by a constant amount. If he made a contribution of \$800 in the first year, by what amount did the parent increase his contribution to the fund each year?

(1) The parent's contribution to the fund in the 18th year was \$7600.
(2) The parent's contribution to the fund in the 7th year was twice what it was in the 3rd year.
[Reveal] Spoiler: OA

Last edited by Bunuel on 22 Jul 2015, 02:24, edited 2 times in total.
Renamed the topic, edited the question and added the OA.

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Manager
Joined: 07 Feb 2007
Posts: 212

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Re: A parent established a college fund for his daughter. Each year the [#permalink]

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09 Jul 2007, 05:53
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nick_sun wrote:
A parent established a college fund for his daughter. Each year the parent made a contribution to the fund, and each year he increased his contribution by a constant amount. If he made a contribution of \$800 in the first year, by what amount did the parent increase his contribution to the fund each year?

(1) The parent’s contribution to the fund in the 18th year was \$7600.
(2) The parent’s contribution to the fund in the 7th year was twice what it was in the 3rd year.

d

Assuming the C(m) is the contribution according to month m, and the increase amount per month is k. where C(m)=800+(k-1)*m.
(1) C(18)=800+(18-1)*m=7600; Sufficient;
(2) C(7)/C(3)=(800+(7-1)*m)/(800+(3-1)*m)=2; Sufficient.

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Director
Joined: 04 Jun 2016
Posts: 647

Kudos [?]: 377 [0], given: 36

GMAT 1: 750 Q49 V43
A parent established a college fund for his daughter. Each year the [#permalink]

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02 Aug 2016, 00:48
nick_sun wrote:
A parent established a college fund for his daughter. Each year the parent made a contribution to the fund, and each year he increased his contribution by a constant amount. If he made a contribution of \$800 in the first year, by what amount did the parent increase his contribution to the fund each year?

(1) The parent's contribution to the fund in the 18th year was \$7600.
(2) The parent's contribution to the fund in the 7th year was twice what it was in the 3rd year.

From stimulus
\$ in Year 1 = 800
\$ in Year 2 = 800+x
\$ in Year 3 = 800+x+x
\$ in Year 4 = 800+x+x+x
(1) The parent's contribution to the fund in the 18th year was \$7600.
\$ in Year 18 = 800+17x
7600=800+17x
SUFFICIENT

(2) The parent's contribution to the fund in the 7th year was twice what it was in the 3rd year.[/quote]
\$ in 7th year = \$ in 3rd year * 2
800+6x=(800+2x) *2
800+6x=1600+4x
SUFFICIENT

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Kudos [?]: 377 [0], given: 36

A parent established a college fund for his daughter. Each year the   [#permalink] 02 Aug 2016, 00:48
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