GMAT Club Around The World!!! In 1990, those who invested money in fun

Question

In 1990, those who invested money in fund Z for the entire year received a return of 9 percent on their investment. Roberta invested a certain amount in fund Z on January 1, 1990, and neither added to nor subtracted from her investment during the year; her investment and return for the entire year equaled $15,260. How much money did Roberta invest in fund Z on January 1, 1990?

A. 13000
B. 13260
C. 14000
D. 14360
E. 14750

So basically, we have 1.09x = 15,260 (here x = initial investment)
x= 15,260/ 1.09
x= 14000

Answer C.

A. 13000
B. 13260
C. 14000
D. 14360
E. 14750

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Nipungupta9081 · Answer

IMO C

P ( 1 + 9/100 ) = 15,260

P = 14,000

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EgmatQuantExpert · Answer

Given

• In 1990, those who invested money in fund Z for the entire year received a return of 9 percent on their investment. 
• Roberta invested a certain amount in fund Z on January 1, 1990, and neither added to nor subtracted from her investment during the year.
• Her investment and return for the entire year equaled $15,260

To Find

• The money invested by Roberta.

Approach and Working Out

• She had 9% return so $15260 must be 109%.
 o 100% = $15260 ×  \frac{(100}{109)} 
o = $14000

Correct Answer: Option C

rocky620 · Answer

Let Roberta invested x amount on 1-Jan-1990.
Interest = 9%, so 9/100x = .09x

The total amount she received after a year =  x + .09x = 1.09x = 15260

Initial investment,  x = 15260 / 1.09 = 14000

IMO Option C

Deepakjhamb · Answer

In 1990, those who invested money in fund Z for the entire year received a return of 9 percent on their investment. Roberta invested a certain amount in fund Z on January 1, 1990, and neither added to nor subtracted from her investment during the year; her investment and return for the entire year equaled $15,260. How much money did Roberta invest in fund Z on January 1, 1990?

A. 13000
B. 13260
C. 14000
D. 14360
E. 14750

So basically, we have 1.09x = 15,260 (here x = initial investment)
x= 15,260/ 1.09
x= 14000

Answer C.

A. 13000
B. 13260
C. 14000
D. 14360
E. 14750

A = P(1 +R/100) 15260 = P(1+9/100) P = 15260 * 100/109 = 14000

SO ANS IS c)14000

bidskamikaze · Answer

In 1990, those who invested money in fund Z for the entire year received a return of 9 percent on their investment. Roberta invested a certain amount in fund Z on January 1, 1990, and neither added to nor subtracted from her investment during the year; her investment and return for the entire year equaled $15,260. How much money did Roberta invest in fund Z on January 1, 1990?

A. 13000
B. 13260
C. 14000
D. 14360
E. 14750

So basically, we have 1.09x = 15,260 (here x = initial investment)
x= 15,260/ 1.09
x= 14000

Answer C.

A. 13000
B. 13260
C. 14000
D. 14360
E. 14750

So basically, we have 1.09x = 15,260 (here x = initial investment)
x= 15,260/ 1.09
x= 14000

Answer C.

anjanita · Answer

The answer is C

Let the investment amount is $X, Since the interest rate is 9%, therefore,

1.09X = 15260
Therefore X = $14000

Harsh9676 · Answer

IMO C

Investment  The  beginning of the year = X

Investment  The  end of the Year = 15,260

Return on Investment = 9 %

So it gets us to

... X * (1.09) = 15,260

Solving for X, we get X = 14000

bobnil · Answer

Initial investment = X
so,  X(1+0.9) = 15260 
X = 15260/1.09
X= 14000
Ans

ananya3 · Answer

IMO C
total = 15260
total = investment + investment * 0.09 = 1.09 * investment

the last two digits of the total is 60
since 9 is an odd number need even digit to multiply with 9 to give 6
9 * 4 = 36

therefore, start with C
14000 * 0.09 = 1260
14000 + 1260 =  15260

TarunKumar1234 · Answer

Investment done= 15260/109 *100 = 14000 So, I think C

mdsaddamforgmat · Answer

IMO C 14000

Given Principal+Interest = 15260
i.e. X+(9%ofX) = 15260
or, 1.09X=15260
or X=14000

Green2k1 · Answer

Correct Answer C

A = P(1 +r/100)
15260 = P (1 +0.09)
P = 15260/1.09 = 14000

manasi05 · Answer

Let x be the money Roberta invested in Fund Z
Return percent = 9
Investment + Return = 15260
x + 0.09x = 15260
1.09x = 15260
x= 14000

So the answer will be C

MakSha · Answer

From the options, it can be observed that 9% of 14000 is 1260. 14000 and 1260 sum up to 15260, which is given in the question.

Thus,  IMO option C is correct .

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