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# M25 - question6

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Manager
Joined: 17 Dec 2007
Posts: 97

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23 Jul 2009, 07:08
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Gold depreciated at a rate of per year between 2000 and 2005. If 1 kg of gold cost dollars in 2001 and dollars in 2003, how much did it cost in 2002 ?

(C) 2008 GMAT Club - m25#6

Here thee rate of depreciation is given as x% , however while solving they have considered depreciation to be a constant. is this correct

for example if depreciation is 5%, in 2000 if price is 100, then 2001 is 95 , 2002 is 90.25.

but if you consider this depreciation of 5% as a constant 5, then the prices are totally different.

could anyone help

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Manager
Joined: 03 Jul 2009
Posts: 103
Location: Brazil

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23 Jul 2009, 08:03
Gold depreciated at a rate of per year between 2000 and 2005. If 1 kg of gold cost dollars in 2001 and dollars in 2003, how much did it cost in 2002 ?

Sorry, but it is not missing something in your question? I think it is a little hard to understand.
Manager
Joined: 18 Jul 2009
Posts: 166
Location: India
Schools: South Asian B-schools

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23 Jul 2009, 10:55
plz word ur problem correctly
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23 Jul 2009, 11:16

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Re: M25 - question6   [#permalink] 23 Jul 2009, 11:16
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# M25 - question6

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