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# Ms. Morris invested in Fund A and Fund B. The total amount

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Magoosh GMAT Instructor
Joined: 28 Dec 2011
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Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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26 Oct 2012, 14:02
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Question Stats:

68% (02:31) correct 32% (02:41) wrong based on 242 sessions

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Ms. Morris invested in Fund A and Fund B. The total amount she invested, in both funds combined, was $100,000. In one year, Fund A paid 23% and Fund B paid 17%. The interest earned in Fund B was exactly$200 greater than the interest earned in Fund A. How much did Ms. Morris invest in Fund A?
(A) $32,000 (B)$36,000
(C) $40,000 (D)$42,000
(E) $45,000 For this question, one could do an algebraic solution, but would it be faster to backsolve from the answers? I would argue for the latter, though I imagine there will be a difference of opinions on this question. My argument, along with a discussion of backsolving in general and a complete solution to this problem, is here: http://magoosh.com/gmat/2012/gmat-plugg ... -choice-c/ Perhaps other experts would also like to chime in on the issue of when to solve algebraically vs. when to backsolve. Mike [Reveal] Spoiler: OA _________________ Mike McGarry Magoosh Test Prep Education is not the filling of a pail, but the lighting of a fire. — William Butler Yeats (1865 – 1939) Last edited by mikemcgarry on 26 Oct 2012, 16:28, edited 1 time in total. Kudos [?]: 8777 [1], given: 106  Magoosh Discount Codes EMPOWERgmat Discount Codes Veritas Prep GMAT Discount Codes Director Joined: 22 Mar 2011 Posts: 610 Kudos [?]: 1074 [1], given: 43 WE: Science (Education) Re: backsolving [#permalink] ### Show Tags 26 Oct 2012, 15:42 1 This post received KUDOS mikemcgarry wrote: Ms. Morris invested in Fund A and Fund B. The total amount she invested, in both funds combined, was$100,000. In one year, Fund A paid 23% and Fund B paid 17%. The interest earned in Fund B was exactly $200 greater than the interest earned in Fund A. How much did Ms. Morris invest in Fund A? (A)$32,000
(B) $36,000 (C)$40,000
(D) $44,000 (E)$45,000

For this question, one could do an algebraic solution, but would it be faster to backsolve from the answers? I would argue for the latter, though I imagine there will be a difference of opinions on this question.

My argument, along with a discussion of backsolving in general and a complete solution to this problem, is here:
http://magoosh.com/gmat/2012/gmat-plugg ... -choice-c/

Perhaps other experts would also like to chime in on the issue of when to solve algebraically vs. when to backsolve.

Mike

The correct answer should be 42,000, and it is not listed neither above, nor in the question you published on your blog.
It just appears in the solution you posted.
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Magoosh GMAT Instructor
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26 Oct 2012, 16:30
EvaJager wrote:
The correct answer should be 42,000, and it is not listed neither above, nor in the question you published on your blog.
It just appears in the solution you posted.

Yes, you're right --- a mistake on my part --- the OA is \$42,000, and I just corrected the question above & the blog. Thank you very much.

Mike
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Magoosh Test Prep

Education is not the filling of a pail, but the lighting of a fire. — William Butler Yeats (1865 – 1939)

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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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16 Nov 2012, 13:07
Could someone post the algebraic way please

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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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16 Nov 2012, 14:07
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chibimoon wrote:
Could someone post the algebraic way please

A+B=100k
0.17B=0.23A+200=> -23A+17B=20000

from first equation 23A+23B=2300K
40B=2320K
B=58K

A=100k-58k=42k

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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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02 Feb 2013, 16:35
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chibimoon wrote:
Could someone post the algebraic way please

A+B=100,000

0.17B=0.23A+200

You now have two equations, so you can either substitute or eliminate. In the explanation above, elimination is used, here I use substitution (elimination is easier in this case)

Take away decimals first: 17B=23A+20,000

Isolate first equation to solve for A (your goal): B=100,000-A

Plug in for B:
17(100,000-A)=23A+20,000
1,700,000-17A=23A+20,000
1,680,000=40A
1,680,000/40=A
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Magoosh GMAT Instructor
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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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02 May 2013, 11:29
Here's another problem from that same article, one that's even less amenable to algebraic treatment.

If the sequence a(n) is defined as a(n) = $$n^2 + n + \sqrt{n+3}$$, then which of the following values of n represents the first terms such that a(n) > 500?
(A) 13
(B) 22
(C) 33
(D) 46
(E) 78

[Reveal] Spoiler:
OA = (B)

A full solution is shown at that that article:
http://magoosh.com/gmat/2012/gmat-plugg ... -choice-c/

Mike
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Education is not the filling of a pail, but the lighting of a fire. — William Butler Yeats (1865 – 1939)

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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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26 May 2016, 00:15
Hello from the GMAT Club BumpBot!

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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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10 Sep 2016, 13:12
took some time as the numbers were high...
0.17B-0.23A = 200 | * 100
17B-23A=20,000
A+B=100,000
B=100,000 - A

17(100,000 - A) - 23A = 20,000
1,700,000 - 17A - 23A = 20,000
1,680,000 = 40A
divide by 40
first two digits: 42...so answer is D.

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Re: Ms. Morris invested in Fund A and Fund B. The total amount [#permalink]

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26 Sep 2016, 04:06
$$A + B = 100,000$$

$$0.17B = 0.23A + 200 ==> -23A + 17B = 20,000$$

For making our calculation easy, we can divide constant by factor of 1000 and get the result.

$$A + B = 100$$
==> $$17A + 17B = 1700$$ --{i)
==> $$-23A + 17B = 20$$ --(ii)

Subtract (ii) from (i)

17A - (-23A) = 1700-20

40A = 1680

A =$$\frac{168}{4}$$= 42.

A = 42,000
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Re: Ms. Morris invested in Fund A and Fund B. The total amount   [#permalink] 26 Sep 2016, 04:06
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