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

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Joined: 09 Feb 2013
Posts: 120
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Kudos [?]: 933 [1] , given: 17

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

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22 Mar 2013, 00:59
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83% (01:41) correct 17% (00:51) wrong based on 98 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 [Reveal] Spoiler: OA _________________ Kudos will encourage many others, like me. Good Questions also deserve few KUDOS. 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: 1122 Location: Italy Concentration: Finance, Entrepreneurship GPA: 3.8 Followers: 190 Kudos [?]: 2097 [1] , given: 219 Re: Michele invests some of her money in a mutual fund that qu [#permalink] ### Show Tags 22 Mar 2013, 01:37 1 This post received KUDOS 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: 613 Location: India Concentration: Finance, Marketing Schools: XLRI (A) GMAT 1: 570 Q49 V19 GMAT 2: 700 Q51 V31 GPA: 3 WE: Information Technology (Computer Software) Followers: 108 Kudos [?]: 649 [1] , given: 57 Re: Michele invests some of her money in a mutual fund that qu [#permalink] ### Show Tags 22 Mar 2013, 02:31 1 This post received KUDOS 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! _________________ Ankit Check my Tutoring Site -> Brush My Quant GMAT Quant Tutor How to start GMAT preparations? How to Improve Quant Score? Gmatclub Topic Tags Check out my GMAT debrief How to Solve : Statistics || Reflection of a line || Remainder Problems || Inequalities GMAT Club Legend Joined: 09 Sep 2013 Posts: 15378 Followers: 648 Kudos [?]: 204 [0], given: 0 Re: Michele invests some of her money in a mutual fund that [#permalink] ### Show Tags 08 Mar 2015, 08:47 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ Re: Michele invests some of her money in a mutual fund that [#permalink] 08 Mar 2015, 08:47 Similar topics Replies Last post Similar Topics: 1 In a certain conservative mutual fund, 70 percent of the money is inv 4 20 May 2017, 00:13 2 Jaya invests in a new mutual fund. The fund averages 10% growth annual 4 06 May 2016, 10:45 6 A broker invested her own money in the stock market. During the first 8 03 May 2015, 07:35 4 If 1/2 of the money in a certain trust fund was invested in 6 16 Nov 2016, 09:05 24 Lucy invested$10,000 in a new mutual fund account exactly 18 25 May 2016, 09:01
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# Michele invests some of her money in a mutual fund that

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