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

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Intern
Joined: 20 Feb 2012
Posts: 42

Kudos [?]: 503 [1], given: 6

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

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23 Feb 2012, 07:13
1
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6
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Difficulty:

5% (low)

Question Stats:

74% (00:28) correct 26% (00:32) wrong based on 183 sessions

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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(1) During last month, a total of \$1,000 was withdrawn from Beth's regular checking account.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

Kudos [?]: 503 [1], given: 6

Math Expert
Joined: 02 Sep 2009
Posts: 42583

Kudos [?]: 135541 [6], given: 12697

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23 Feb 2012, 07:47
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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(1) During last month, a total of \$1,000 was withdrawn from Beth's regular checking account.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.
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Kudos [?]: 135541 [6], given: 12697

Math Expert
Joined: 02 Sep 2009
Posts: 42583

Kudos [?]: 135541 [0], given: 12697

Re: Beth's bank charges a service fee on a regular checking [#permalink]

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02 Sep 2013, 13:03
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Bumping for review and further discussion.
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Kudos [?]: 135541 [0], given: 12697

Manager
Joined: 23 Jan 2012
Posts: 75

Kudos [?]: 16 [0], given: 40

Re: Beth's bank charges a service fee on a regular checking [#permalink]

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26 Oct 2014, 08:16
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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'.

Kudos [?]: 16 [0], given: 40

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Joined: 09 Sep 2013
Posts: 14869

Kudos [?]: 287 [0], given: 0

Re: Beth's bank charges a service fee on a regular checking [#permalink]

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02 Feb 2016, 12:39
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).

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Kudos [?]: 287 [0], given: 0

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Joined: 09 Sep 2013
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Kudos [?]: 287 [0], given: 0

Re: Beth's bank charges a service fee on a regular checking [#permalink]

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12 Mar 2017, 17:02
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.
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Kudos [?]: 287 [0], given: 0

Re: Beth's bank charges a service fee on a regular checking   [#permalink] 12 Mar 2017, 17:02
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