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Mary persuaded n friends to donate $500 each to her election

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Re: Mary persuaded n friends to donate $500 each to her election [#permalink]

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New post 30 Mar 2015, 20:07
Bunuel wrote:
Awli wrote:
Mary persuaded n friends to donate $500 each to her election campaign, an then each of these n friends persuaded n more people to donate $500 each to Mary's campaign. If no one donated more than once and if there were no other donations, what was the value of n?

(1) The first n people donated \frac{1}{16} of the total amount donated.

(2) The total amount donated was $120,000


Merging topics. Please refer to the discussion on page 1.


[color=#0000ff]not sure, if my approach is right or wrong. I just took it like:
1. Mary persuaded n friends to donate $500 = n*500
2. then each of these n friends persuaded n more people.= n^(n+1) * 500

Statement 1. first n donated 1/16 of the total. remains > need total amount.
Statement 2. n^(n+1)*500 = 120,000
n*n^n = 240 .. Looks insufficient

1+2

n = 1/16 * 120000 /500 = 15

hence C

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Mary persuaded n friends to donate $500 each to her election [#permalink]

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New post 31 Mar 2015, 03:14
Ans: D
1st amount = 500n ( 500 people pay n amount)
2nd amount = 500n^2(n people employ n people which makes the number of people n^2 and each one of them pays 500)
total = 500n + 500 n^2

1st statment
500n = 1/16 * (500n + 500n^2)
n = 15 or 0 (n = 0 not possible)
hence sufficient

2nd statement
500n + 500n^2 = 120,000
=> n + n^2 = 240
=> n = 15 or -16 ( n = -16 not possible for obvious reasons :wink: )
hence sufficient

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Re: Mary persuaded n friends to donate $500 each to her election [#permalink]

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New post 31 Mar 2015, 04:44
Original Donations = 500n
Friends' Friends =500n^2
Total = 500n+500n^2

Statement 1 :The first n people donated \frac{1}{16} of the total amount donated.

500n = 1/16 (500n+500n^2)
16(500n) = 500n+500n^2
n = 15
stmt 1 is sufficient

Statement 2: The total amount donated was $120,000

500n+500n^2=$120,000
can solve for n
n=15
stmt 2 is sufficient

Answer is D

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Re: Mary persuaded n friends to donate $500 each to her election [#permalink]

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New post 10 Aug 2015, 02:55
aalriy wrote:
I have understood the approach GT took to solve the problem its very similar to mine... but i cannot make out how can the first stmt give a solution for n as 0 or a -ve value.

Could someone explain this?



On the GMAT you ll not be asked a value based DS question if at all there is no such value.That is why n can not be zero.One more thing that U can understand that as there are n people first to donate $500 each and those n people refer n people each .So if U consider that there are 16 portions total money is donated by all then 1 portion is by the first n people.

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Re: Mary persuaded n friends to donate $500 each to her election [#permalink]

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New post 22 May 2017, 09:57
Here we have given:

n*500 – number of people who initially donated
n(n*500) – persuaded number of people to donate.

so the total T = 500n + 500nsrd = 500(n + n sqrd)


(1) n*500 – (initial number of people donated) = 1/16, so here we have a fraction and we can solve for n => sufficient.
(2) We have total amount so we can again solve for n => sufficient.

The answer is D.

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Re: Mary persuaded n friends to donate $500 each to her election [#permalink]

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New post 12 Nov 2017, 09:07
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seofah wrote:
Mary persuaded n friends to donate $500 each to her election campaign, and then each of these n friends persuaded n more people to donate $500 each to Mary’s campaign. If no one donated more than once and if there were no other donations, what was the value of n?

(1) The first n people donated 1/16 of the total amount donated.
(2) The total amount donated was $120,000.


Target question: What was the value of n?

When I scan the two statements, it seems that statement 2 is easier, so I'll start with that one first...

Statement 2: The total amount donated was $120,000
Let's summarize the given information....

First round: n friends donate 500 dollars.
This gives us a total of 500n dollars in this round

Second round: n friends persuade n friends each to donate
So, each of the n friends gets n more people to donate.
The total number of donors in this round = n²
This gives us a total of 500(n²) dollars in this round

TOTAL DONATIONS = 500n dollars + 500(n²) dollars
We can rewrite this: 500n² + 500n dollars

So, statement 2 tells us that 500n² + 500n = 120,000
This is a quadratic equation, so let's set it equal to zero to get: 500n² + 500n - 120,000 = 0
Factor out the 500 to get: 500(n² + n - 240) = 0
Factor more to get: 500(n + 16)(n - 15) = 0
So, EITHER n = -16 OR n = 15
Since n cannot be negative, it must be the case that n = 15
Since we can answer the target question with certainty, statement 2 is SUFFICIENT

Statement 1: The first n people donated 1/16 of the total amount donated.
First round donations = 500n
TOTAL donations = 500n² + 500n
So, we can write: 500n = (1/16)[500n² + 500n]
Multiply both sides by 16 to get: 8000n = 500n² + 500n
Set this quadratic equation equal to zero to get: 500n² - 7500n = 0
Factor to get: 500n(n - 15) = 0
Do, EITHER n = 0 OR n = 15
Since n cannot be zero, it must be the case that n = 15
Since we can answer the target question with certainty, statement 1 is SUFFICIENT

Answer:
[Reveal] Spoiler:
D


Cheers,
Brent
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Brent Hanneson – Founder of gmatprepnow.com

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Re: Mary persuaded n friends to donate $500 each to her election   [#permalink] 12 Nov 2017, 09:07

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