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m 13 #15

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m 13 #15 [#permalink]

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New post 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?

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Re: m 13 #15 [#permalink]

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New post 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?

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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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Re: m 13 #15 [#permalink]

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New post 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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Re: m 13 #15 [#permalink]

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New post 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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Re: m 13 #15 [#permalink]

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New post 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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