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# m 13 #15

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Manager
Joined: 05 Jan 2009
Posts: 79

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13 Jun 2009, 15:56
Money is paid into an account in portions of \$500 and paid out in portions of \$300. If after a month the account grew by \$1,200, what is the least possible number of transactions that could have been made?

(C) 2008 GMAT Club - m13#15

3
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Kudos [?]: 166 [0], given: 2

SVP
Joined: 29 Aug 2007
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14 Jun 2009, 17:58
pmal04 wrote:
Money is paid into an account in portions of \$500 and paid out in portions of \$300. If after a month the account grew by \$1,200, what is the least possible number of transactions that could have been made?

(C) 2008 GMAT Club - m13#15

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The question is not pretty clear. I suppose there were no begaining balances.

I go with B. 3(500) - 1(300) = 1200.

So total transactions = 3+1 = 4
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Manager
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16 Jun 2009, 10:27
Hi GT,
Does it mean, I can't deposit 1000 or 1500?
Am I allowed to dEoposit only \$500 in a single transaction

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SVP
Joined: 29 Aug 2007
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17 Jun 2009, 14:20
pmal04 wrote:
Hi GT,
Does it mean, I can't deposit 1000 or 1500?
Am I allowed to dEoposit only \$500 in a single transaction

Thats what exactly is unclear.
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Current Student
Joined: 13 Jan 2009
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17 Jun 2009, 19:17
Well I would go for 4.
I feel portion of 500 means one transaction so on that note we will have 4.

I would be very surprised if answer comes to be 3.

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Re: m 13 #15   [#permalink] 17 Jun 2009, 19:17
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# m 13 #15

Moderator: Bunuel

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