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# Michele invests some of her money in a mutual fund that

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Manager
Joined: 09 Feb 2013
Posts: 118
Michele invests some of her money in a mutual fund that  [#permalink]

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Updated on: 22 Mar 2013, 03:06
1
4
00:00

Difficulty:

5% (low)

Question Stats:

82% (00:57) correct 18% (01:23) wrong based on 139 sessions

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Michele invests some of her money in a mutual fund that quickly goes sour, losing 50% of its value each day for a week. Which of the following COULD NOT be the value of Michele’s investment at the close-of-business any day that week?

A. $0.00 B.$133.00
C. $250.05 D.$1575.00
E. $10000.00 _________________ Kudos will encourage many others, like me. Good Questions also deserve few KUDOS. Originally posted by emmak on 22 Mar 2013, 00:59. Last edited by Bunuel on 22 Mar 2013, 03:06, edited 1 time in total. Edited the question. VP Status: Far, far away! Joined: 02 Sep 2012 Posts: 1075 Location: Italy Concentration: Finance, Entrepreneurship GPA: 3.8 Re: Michele invests some of her money in a mutual fund that qu [#permalink] ### Show Tags 22 Mar 2013, 01:37 1 Any of the answers can be written as $$X=50%Y$$ except A: there is no way a sum can reach 0 in this scenario, even if divided by 0,5 infinite times _________________ It is beyond a doubt that all our knowledge that begins with experience. Kant , Critique of Pure Reason Tips and tricks: Inequalities , Mixture | Review: MGMAT workshop Strategy: SmartGMAT v1.0 | Questions: Verbal challenge SC I-II- CR New SC set out !! , My Quant Rules for Posting in the Verbal Forum - Rules for Posting in the Quant Forum[/size][/color][/b] Director Status: Tutor - BrushMyQuant Joined: 05 Apr 2011 Posts: 610 Location: India Concentration: Finance, Marketing Schools: XLRI (A) GMAT 1: 700 Q51 V31 GPA: 3 WE: Information Technology (Computer Software) Re: Michele invests some of her money in a mutual fund that qu [#permalink] ### Show Tags 22 Mar 2013, 02:31 1 emmak wrote: Michele invests some of her money in a mutual fund that quickly goes sour, losing 50% of its value each day for a week. Which of the following COULD NOT be the value of Michele’s investment at the close-of-business any day that week?$0.00

$133.00$250.05

$1575.00$10000.00

Suppose she invests n\$ in the starting then in the subesequent days the money left after the day will be
n/2, n/4, n/8, n/16, n/32
Since the amont is a multiple of n so the amount can never be 0 , as in this case the initial investment itself will be zero.

So, answer will be A

Hope it helps!
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Re: Michele invests some of her money in a mutual fund that  [#permalink]

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17 Nov 2017, 16:40
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Re: Michele invests some of her money in a mutual fund that &nbs [#permalink] 17 Nov 2017, 16:40
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# Michele invests some of her money in a mutual fund that

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