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On each of the first 15 days of April, Aaron spent 5 percent of his mo

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On each of the first 15 days of April, Aaron spent 5 percent of his mo  [#permalink]

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New post 29 Nov 2018, 00:39
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A
B
C
D
E

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(N/A)

Question Stats:

74% (01:28) correct 26% (02:37) wrong based on 29 sessions

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Concentration: Accounting, Finance
GPA: 3.68
WE: Analyst (Accounting)
Re: On each of the first 15 days of April, Aaron spent 5 percent of his mo  [#permalink]

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New post 29 Nov 2018, 06:45
Bunuel wrote:
On each of the first 15 days of April, Aaron spent 5 percent of his monthly income for April. If at the end of the 15th day of April, he had $1,250 of his monthly income remaining, what was his monthly income for April?

A. $5,000
B. $6,250
C. $7,500
D. $10,000
E. $25,000



5% = 0.05

Note ; 5% for each of the 15 days.

let the total income be x.

0.05(x)*15 + 1250 = x

0.75 x + 1250 = x

0.25 x = 1250

x = 5000.

The best answer is A.
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Re: On each of the first 15 days of April, Aaron spent 5 percent of his mo  [#permalink]

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New post 30 Nov 2018, 11:58
Bunuel wrote:
On each of the first 15 days of April, Aaron spent 5 percent of his monthly income for April. If at the end of the 15th day of April, he had $1,250 of his monthly income remaining, what was his monthly income for April?

A. $5,000
B. $6,250
C. $7,500
D. $10,000
E. $25,000


Let total income be x

total amount spent x*0.5*15= 0.75x

amount left
x-0.75x=1250
solve for x we get option A $5000
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Re: On each of the first 15 days of April, Aaron spent 5 percent of his mo   [#permalink] 30 Nov 2018, 11:58
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On each of the first 15 days of April, Aaron spent 5 percent of his mo

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