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Re: Larry saves x dollars per month. Will Larry’s total savings one year [#permalink]
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agnok wrote:
Larry saves x dollars per month. Will Larry’s total savings one year from now exceed his present savings by at least $500 ? (Assume that there is no interest.)

(1) In 6 months Larry's total savings will be $900.
(2) In 3 months Larry's total savings will exceed his present savings by $150.



DS21223


(1) In six months, Larry's total savings will be $900. We don't know what his current savings are. It could be that his current savings are $888; therefore he only exceeds his present savings by $12. Or it could be that his current savings are $300 and he saves $100 each month for the next 6 months. INSUFFICIENT.

(2) In 3 months his savings will increase by $150, meaning each month he saves $50. We can conclude that his total savings for the year will exceed his present savings by $600. SUFFICIENT.

Answer is B.
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Re: Larry saves x dollars per month. Will Larrys total savings one year [#permalink]
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Re: Larry saves x dollars per month. Will Larrys total savings one year [#permalink]
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