GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 19 Sep 2018, 06:02

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.

Close

Request Expert Reply

Confirm Cancel

Rob has to make 5 payments on his student loans from college. Each pay

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

VP
VP
User avatar
V
Status: It's near - I can see.
Joined: 13 Apr 2013
Posts: 1258
Location: India
Concentration: International Business, Operations
GMAT 1: 480 Q38 V22
GPA: 3.01
WE: Engineering (Consulting)
Premium Member Reviews Badge CAT Tests
Rob has to make 5 payments on his student loans from college. Each pay  [#permalink]

Show Tags

New post 27 Aug 2018, 10:45
1
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

88% (01:08) correct 12% (01:45) wrong based on 43 sessions

HideShow timer Statistics

Rob has to make 5 payments on his student loans from college. Each payment will be twice the amount of the previous payment. If the total amount he has to pay back is $1,550, how much is Rob's first payment?

1. $10

2. $20

3. $25

4. $50

5. $75

_________________

"Do not watch clock; Do what it does. KEEP GOING."

Board of Directors
User avatar
P
Status: QA & VA Forum Moderator
Joined: 11 Jun 2011
Posts: 4011
Location: India
GPA: 3.5
WE: Business Development (Commercial Banking)
GMAT ToolKit User Premium Member
Re: Rob has to make 5 payments on his student loans from college. Each pay  [#permalink]

Show Tags

New post 27 Aug 2018, 10:59
1
AkshdeepS wrote:
Rob has to make 5 payments on his student loans from college. Each payment will be twice the amount of the previous payment. If the total amount he has to pay back is $1,550, how much is Rob's first payment?

1. $10

2. $20

3. $25

4. $50

5. $75


\(x + 2x + 4x + 8x + 16x = 1550\)

Or, \(x + 2x + 4x + 8x + 16x = 1550\)

Or, \(31x = 1550\)

So, \(x = 50\), Answer must be (4)
_________________

Thanks and Regards

Abhishek....

PLEASE FOLLOW THE RULES FOR POSTING IN QA AND VA FORUM AND USE SEARCH FUNCTION BEFORE POSTING NEW QUESTIONS

How to use Search Function in GMAT Club | Rules for Posting in QA forum | Writing Mathematical Formulas |Rules for Posting in VA forum | Request Expert's Reply ( VA Forum Only )

Intern
Intern
avatar
Joined: 13 Dec 2017
Posts: 2
Re: Rob has to make 5 payments on his student loans from college. Each pay  [#permalink]

Show Tags

New post 27 Aug 2018, 11:06
Going by options is the easiest way answer 50
Intern
Intern
avatar
B
Joined: 29 Jul 2018
Posts: 43
Re: Rob has to make 5 payments on his student loans from college. Each pay  [#permalink]

Show Tags

New post 28 Aug 2018, 22:41
1
x+ 2x+4x+8x+16x = 1550
31x = 1550
x = 50
or
use options
Intern
Intern
avatar
B
Joined: 21 Jul 2018
Posts: 17
Re: Rob has to make 5 payments on his student loans from college. Each pay  [#permalink]

Show Tags

New post 07 Sep 2018, 04:58
If you look at options u can eliminate 4 options easily.
In the end you need zero hence C & E is not possible
U need 50 as last 2 digit which is again not possible with option A & B.
U left with only option D, plug in the value if you want to verify and you got the answer.


Give Kudos if you think its helpful !!
_________________

______________________________
Consider KUDOS if my post helped !!

I'd appreciate learning about the grammatical errors in my posts

Re: Rob has to make 5 payments on his student loans from college. Each pay &nbs [#permalink] 07 Sep 2018, 04:58
Display posts from previous: Sort by

Rob has to make 5 payments on his student loans from college. Each pay

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Events & Promotions

PREV
NEXT


GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.