MathRevolution wrote:
Forget conventional ways of solving math questions. In DS, Variable approach is the easiest and quickest way to find the answer without actually solving the problem. Remember equal number of variables and independent equations ensures a solution.
On January 1st Thomas deposited $2,000 into an interest bearing checking account. If he made no withdrawals, what was the total amount Thomas had in the checking account on December 31st of the same year?
(1) Thomas deposited an additional $4,000 throughout the year.
(2) The checking account earned 7 percent simple annual interest.
In the original condition, there is 1 variable(interest rate), which should match with the number of equations. So you need 1 equation. For 1) 1 equation, for 2) 1 equation, which is likely to make D the answer.
For 1), although Thomas deposited an additional $4,000, it doesn’t say when he did, which is not sufficient.
For 2), you cannot figure out the amount of money additionally deposited, which is not sufficient.
When 1) & 2), you still cannot figure out when he additionally deposited $4,000, which is not sufficient.
Therefore, the answer is E.
For cases where we need 1 more equation, such as original conditions with “1 variable”, or “2 variables and 1 equation”, or “3 variables and 2 equations”, we have 1 equation each in both 1) and 2). Therefore, there is 59 % chance that D is the answer, while A or B has 38% chance and C or E has 3% chance. Since D is most likely to be the answer using 1) and 2) separately according to DS definition. Obviously there may be cases where the answer is A, B, C or E.
Well, is it actually a GMAT type question? Coz, if it is not stated in statement 2) if any additional deposits were made or not, then it also not stated if the interest accresdited was credited to the same account or some other account OR was there any second holder who could have taken out the money mid way etc etc ...this way the list can become endless. So ARE WE NOT SUPPOSED TO assume that if it is not written then it is not there???