Last visit was: 20 May 2024, 09:16 It is currently 20 May 2024, 09:16
Decision Tracker
My Rewards
Unanswered
Active Topics
New posts
New comers' posts
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel

A certain company retirement plan has a "rule of 70"

SORT BY:
Date
Kudos
Tags:
Find Similar Topics 
Show Tags
Hide Tags
User avatar
GMATD11
Manager
Manager
Joined: 10 Nov 2010
Posts: 129
Own Kudos [?]: 2616 [71]
Given Kudos: 22
Location: India
Concentration: Strategy, Operations
GMAT 1: 520 Q42 V19
GMAT 2: 540 Q44 V21
WE:Information Technology (Computer Software)
Send PM
A certain company retirement plan has a "rule of 70" [#permalink] A certain company retirement plan has a "rule of 70"   Updated on: 26 Nov 2012, 03:31
12
Kudos
58
Bookmarks
00:00
A
B
C
D
E

Difficulty:

25% (medium)

Question Stats:

76% (01:59) correct 24% (02:12) wrong based on 1647 sessions
Hide Show timer Statistics
A certain company retirement plan has a "rule of 70" provision that allows an employee to retire when the employee's age plus years of employment with the company total at least 70. In what year could a female employee hired in 1986 on her 32nd birthday first be eligible to retire under this provision?

A. 2003
B. 2004
C. 2005
D. 2006
E. 2007

Show Spoiler
According to my sol

32+x=70
x=38

as age is also increasing with the increasing number of years we can't count the years twice 38/2=19


year of retirement will be 1986+19=2005

Any other explanation!
ShowHide Answer
Official Answer
C

Originally posted by GMATD11 on 19 Feb 2011, 20:55.
Last edited by Bunuel on 26 Nov 2012, 03:31, edited 1 time in total.
Renamed the topic and edited the question.
Most Helpful Reply
User avatar
L
Bunuel
Math Expert
Joined: 02 Sep 2009
Posts: 93351
Own Kudos [?]: 625263 [14]
Given Kudos: 81907
Send PM
CAT Tests Forum Quiz Mode
Re: Year of retirement [#permalink] A certain company retirement plan has a "rule of 70"   20 Feb 2011, 02:50
5
Kudos
9
Bookmarks
Expert Reply
A certain company retirement plan has a "rule of 70" provision that allows an employee to retire when the employee's age plus years of employment with the company total at least 70. In what year could a female employee hired in 1986 on her 32nd birthday first be eligible to retire under this provision?
A. 2003
B. 2004
C. 2005
D. 2006
E. 2007

Your solution is perfect. One can also do:

She must gain at least 70 points, now she has 32 and every year gives her two more points: one for age and one for additional year of employment, so 32 + 2*(# of years) = 70 --> (# of years) = 19 --> 1986+19=2005.

Answer: C.
General Discussion
User avatar
G
Temurkhon
Senior Manager
Senior Manager
Joined: 23 Jan 2013
Posts: 429
Own Kudos [?]: 264 [2]
Given Kudos: 43
Schools: Cambridge'16
Re: A certain company retirement plan has a "rule of 70" [#permalink] A certain company retirement plan has a "rule of 70"   25 Jun 2016, 05:11
2
Kudos
X is the years worked

32+x+x>=70

2x>=38, so x>=19

1986+19=2005

C
avatar
hsbinfy
Manager
Manager
Joined: 02 Mar 2012
Posts: 200
Own Kudos [?]: 294 [3]
Given Kudos: 4
Schools: Schulich '16
Send PM
Re: A certain company retirement plan has a "rule of 70" [#permalink] A certain company retirement plan has a "rule of 70"   25 Jun 2016, 07:22
3
Kudos
Temurkhon wrote:
X is the years worked

32+x+x>=70

2x>=38, so x>=19

1986+19=2005

C


or other way around is 70-32=38

so 2 score each year....>>>>>38/2=19 1986+19=2005

C
User avatar
L
Abhishek009
Board of Directors
Joined: 11 Jun 2011
Status:QA & VA Forum Moderator
Posts: 6069
Own Kudos [?]: 4705 [1]
Given Kudos: 463
Location: India
GPA: 3.5
WE:Business Development (Commercial Banking)
Send PM
GMAT ToolKit User
Re: A certain company retirement plan has a "rule of 70" [#permalink] A certain company retirement plan has a "rule of 70"   25 Jun 2016, 11:05
1
Kudos
GMATD11 wrote:
A certain company retirement plan has a "rule of 70" provision that allows an employee to retire when the employee's age plus years of employment with the company total at least 70. In what year could a female employee hired in 1986 on her 32nd birthday first be eligible to retire under this provision?

A. 2003
B. 2004
C. 2005
D. 2006
E. 2007


Great question!!!

There is a pattern to observe if you draw a table -

Attachment:
Capture.PNG
Capture.PNG [ 6.62 KiB | Viewed 34029 times ]


Check every year there is an increase in 2 years

We need to go from 32 to 70 ; so we need need to have 38 points....

Now since each year make 2 points increase 38 will take 38/2 =19 years from 1986 => 2005

Hence answer will be (C) 2005
User avatar
S
HanoiGMATtutor
Senior Manager
Senior Manager
Joined: 24 Jun 2016
Posts: 335
Own Kudos [?]: 133 [0]
Given Kudos: 21
GMAT 1: 770 Q60 V60
GPA: 4
Send PM
Re: A certain company retirement plan has a "rule of 70" [#permalink] A certain company retirement plan has a "rule of 70"   26 Jun 2016, 00:46
In 1986, her number is 0 + 32 = 32.
Each year after, she has 2 added to her number. So the number of years it will take for the number to reach 70 is (70-32)/2 = 19
The year in which this happens, of course, is 1986 + 19 = 2005.

Answer choice C.
User avatar
S
SchruteDwight
Manager
Manager
Joined: 03 Sep 2018
Posts: 178
Own Kudos [?]: 90 [0]
Given Kudos: 924
Location: Netherlands
Schools: HEC MiM "22 (S) LBS MiM "21 (A)
GPA: 4
Send PM
Reviews Badge
Re: A certain company retirement plan has a "rule of 70" [#permalink] A certain company retirement plan has a "rule of 70"   03 Sep 2019, 04:37
HanoiGMATtutor wrote:
In 1986, her number is 0 + 32 = 32.
Each year after, she has 2 added to her number. So the number of years it will take for the number to reach 70 is (70-32)/2 = 19
The year in which this happens, of course, is 1986 + 19 = 2005.

Answer choice C.


Q and verbal score of 60? okay....
User avatar
bumpbot
Non-Human User
Joined: 09 Sep 2013
Posts: 33110
Own Kudos [?]: 828 [0]
Given Kudos: 0
Send PM
Re: A certain company retirement plan has a "rule of 70" [#permalink] A certain company retirement plan has a "rule of 70"   06 Feb 2024, 06:33
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.
GMAT Club Bot
gmatclubot
Re: A certain company retirement plan has a "rule of 70" [#permalink]
06 Feb 2024, 06:33
Moderators:
Bunuel
Math Expert
93351 posts
yashikaaggarwal
Senior Moderator - Masters Forum
3137 posts