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28 Jul 2017, 08:50
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
62% (01:44) correct
38%
(02:06)
wrong
based on 461
sessions
History
Date
Time
Result
Not Attempted Yet
Bob invests 100 dollars in a fund that yields 15% simple interest monthly. If Bob invests the principal in the middle of January, which is the first month will he have more than $200 total?
(A) June
(B) July
(C) August
(D) February
(E) March
(A) June
(B) July
(C) August
(D) February
(E) March
28 Jul 2017, 11:39
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Mid January it's 100.
Mid February it's 115.
Mid March it's 130..
.
.
. similarly mid July it's 190.
So in August it will have more than 200.
So !y answer is C.
Sent from my Lenovo TAB S8-50LC using GMAT Club Forum mobile app
Mid February it's 115.
Mid March it's 130..
.
.
. similarly mid July it's 190.
So in August it will have more than 200.
So !y answer is C.
Sent from my Lenovo TAB S8-50LC using GMAT Club Forum mobile app
ydmuley
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28 Jul 2017, 11:45
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I believe the question needs correction Bunuel
Bob invests 100 dollars in a fund that yields 15% simple interest monthly. If Bob invests the principal in the middle of January, which is the first month in which month he will have more than $200 total?
Please check if the red portion needs to be added?
Bob invests 100 dollars in a fund that yields 15% simple interest monthly. If Bob invests the principal in the middle of January, which is the first month in which month he will have more than $200 total?
Please check if the red portion needs to be added?
