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M13-15

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M13-15 [#permalink]

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New post 16 Sep 2014, 00:49
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Question Stats:

70% (00:41) correct 30% (00:55) wrong based on 71 sessions

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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?

A. 3
B. 4
C. 5
D. 6
E. 7
[Reveal] Spoiler: OA

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Re M13-15 [#permalink]

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New post 16 Sep 2014, 00:49
Official Solution:

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?

A. 3
B. 4
C. 5
D. 6
E. 7

The least number of transactions is 4: \($500 + $500 + $500 - $300 = $1,200\).

Answer: B
_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
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Joined: 19 May 2016
Posts: 29
Location: United States
Concentration: Strategy, Human Resources
GMAT 1: 710 Q46 V41
GMAT 2: 730 Q49 V41
GMAT 3: 680 Q46 V37
WE: Operations (Manufacturing)
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Re: M13-15 [#permalink]

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New post 07 Oct 2016, 08:39
Bunuel wrote:
Official Solution:

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?

A. 3
B. 4
C. 5
D. 6
E. 7

The least number of transactions is 4: \($500 + $500 + $500 - $300 = $1,200\).

Answer: B


Hi Banuel,

Would you say this is a typical GMAT question? It seems a little bit too straightforward/easy.

Thanks.
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Status: in process
Joined: 18 Jun 2017
Posts: 30
Location: Uzbekistan
Concentration: Operations, Leadership
Schools: Babson '21
GMAT 1: 690 Q47 V37
GPA: 4
WE: Education (Education)
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Re: M13-15 [#permalink]

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New post 03 Jan 2018, 12:59
I assumed that they withdraw money with the same frequency as they deposit it. :oops:
Re: M13-15   [#permalink] 03 Jan 2018, 12:59
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M13-15

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