It is currently 25 Jun 2017, 17:47

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Beth's bank charges a service fee on a regular checking

Author Message
TAGS:

### Hide Tags

Intern
Joined: 20 Feb 2012
Posts: 40
Beth's bank charges a service fee on a regular checking [#permalink]

### Show Tags

23 Feb 2012, 08:13
1
KUDOS
4
This post was
BOOKMARKED
00:00

Difficulty:

5% (low)

Question Stats:

74% (01:30) correct 26% (00:35) wrong based on 162 sessions

### HideShow timer Statistics

Beth's bank charges a service fee on a regular checking account for each month in which the balance on the account falls below $100 at any time during the month. Did the bank charge a service fee on Beth's regular checking account last month? (1) During last month, a total of$1,000 was withdrawn from Beth's regular checking account.
(2) At the beginning of last month, Beth's regular checking account balance was $500. [Reveal] Spoiler: OA Math Expert Joined: 02 Sep 2009 Posts: 39673 Re: DATA8 [#permalink] ### Show Tags 23 Feb 2012, 08:47 6 This post received KUDOS Expert's post 6 This post was BOOKMARKED BANON wrote: Beth's bank charges a service fee on a regular checking account for each month in which the balance on the account falls below$100 at any time during the month. Did the bank charge a service fee on Beth's regular checking account last month?

(1) During last month, a total of $1,000 was withdrawn from Beth's regular checking account. (2) At the beginning of last month, Beth's regular checking account balance was$500.

Perfect example how the GMAT tries to trick us. Remember do not assume anything that is not explicitly stated: do we know whether Beth deposited during last month? No! Since no information is given about the depositing then the answer is straight E.
_________________
Math Expert
Joined: 02 Sep 2009
Posts: 39673
Re: Beth's bank charges a service fee on a regular checking [#permalink]

### Show Tags

02 Sep 2013, 14:03
Expert's post
1
This post was
BOOKMARKED
Bumping for review and further discussion.
_________________
Manager
Joined: 23 Jan 2012
Posts: 77
Re: Beth's bank charges a service fee on a regular checking [#permalink]

### Show Tags

26 Oct 2014, 09:16
1
This post was
BOOKMARKED
This is a nice question, but I am surprised that it is a 600-700 range question. First when I saw this question I thought it must be from the 700+ bucket...Awesome Explanation Bunuel...I solved it the same way using critical reasoning technique. Statement 1 does not tell us anything about the account balance after the money was withdrawn. Statement 2 only gives the information about the account balance at the start of the month. But the question stem says that the bank charges service fees if the account balance falls below $100 "at any time" . We don't really know what happened to the account throughout the month - were there any deposits or any additional withdrawals. Hence Statement 1 & 2 combined does not fetch us any useful information. Answer is a def 'E'. GMAT Club Legend Joined: 09 Sep 2013 Posts: 15980 Re: Beth's bank charges a service fee on a regular checking [#permalink] ### Show Tags 02 Feb 2016, 13:39 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ GMAT Club Legend Joined: 09 Sep 2013 Posts: 15980 Re: Beth's bank charges a service fee on a regular checking [#permalink] ### Show Tags 12 Mar 2017, 18:02 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ Re: Beth's bank charges a service fee on a regular checking [#permalink] 12 Mar 2017, 18:02 Similar topics Replies Last post Similar Topics: 2 An attorney charged a fee for estate planning services for a certain 1 14 May 2017, 01:27 6 A health club charges an annual$10 renewal fee for all memb 13 27 Jul 2016, 01:54
15 For each order, a certain company charges a delivery fee d 11 04 Feb 2017, 19:58
1 A certain bank charges a maintenance fee on a standard checking accoun 4 05 Jan 2015, 04:19
2 Beth's bank charges a service fee on a regular checking 8 14 Dec 2016, 02:39
Display posts from previous: Sort by