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Lucy invested $10,000 in a new mutual fund account exactly

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Joined: 15 Mar 2017
Posts: 7
Re: Lucy invested $10,000 in a new mutual fund account exactly  [#permalink]

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New post 23 Jan 2019, 04:06
The fastest way to do this question is:

10000 x 110/100 x 105/100 x 90/100 = 10395 (B)

:-)
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Joined: 07 May 2019
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Re: Lucy invested $10,000 in a new mutual fund account exactly  [#permalink]

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New post 07 Jul 2019, 11:01
Bunuel wrote:
Lucy invested $10,000 in a new mutual fund account exactly three years ago. The value of the account increased by 10 percent during the first year, increased by 5 percent during the second year, and decreased by 10 percent during the third year. What is the value of the account today?

(A) $10,350
(B) $10,395
(C) $10,500
(D) $11,500
(E) $12,705

Practice Questions
Question: 31
Page: 156
Difficulty: 600


If the Chairman of the Board asked me this question, I would reply: "It depends whether we're referencing the value of the principal or the arbitrary value at the end of each year. If you'd like, I can give you both?"
GMAT Club Bot
Re: Lucy invested $10,000 in a new mutual fund account exactly   [#permalink] 07 Jul 2019, 11:01

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