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24 Oct 2019, 00:24
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C
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In 2004, Cindy had $4000 in a mutual fund account. In 2005, the amount in the same account was $5000. If the percent increase from 2004 to 2005 was the same as the percent increase from 2005 to 2006, how much did Cindy have in this account in 2006?
A. $5800
B. $6000
C. $6250
D. $7500
E. $9000
A. $5800
B. $6000
C. $6250
D. $7500
E. $9000
24 Oct 2019, 11:47
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Ans C; 6250
4000 to 5000 =25% . 5000x25%= 1250; 5000+1250=6250
4000 to 5000 =25% . 5000x25%= 1250; 5000+1250=6250
24 Oct 2019, 12:00
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Bunuel
In 2004, Cindy had $4000 in a mutual fund account. In 2005, the amount in the same account was $5000. If the percent increase from 2004 to 2005 was the same as the percent increase from 2005 to 2006, how much did Cindy have in this account in 2006?
A. $5800
B. $6000
C. $6250
D. $7500
E. $9000
A. $5800
B. $6000
C. $6250
D. $7500
E. $9000
5000/4000*5000 = 6250 , Answer must be (C)
