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rom May 1 to May 30 in the same year

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rom May 1 to May 30 in the same year  [#permalink]

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New post 01 Jun 2020, 16:45
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From May 1 to May 30 in the same year, the balance in a checking account increased. What was the balance in the checking account on May 30?

(1) If, during this period of time, the increase in the balance in the checking account had been 12 percent, then the balance in the account on May 30 would have been $504

(2) During this period of time, the increase in the balance in the checking account was 8 percent.


My doubt,

How we will get to know its SI or CI?
Could you please help me solving this?
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Re: rom May 1 to May 30 in the same year  [#permalink]

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New post 01 Jun 2020, 23:12
BijayKru wrote:
From May 1 to May 30 in the same year, the balance in a checking account increased. What was the balance in the checking account on May 30?

(1) If, during this period of time, the increase in the balance in the checking account had been 12 percent, then the balance in the account on May 30 would have been $504

(2) During this period of time, the increase in the balance in the checking account was 8 percent.


My doubt,

How we will get to know its SI or CI?
Could you please help me solving this?


Discussed here: https://gmatclub.com/forum/from-may-1-t ... 04269.html
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Re: rom May 1 to May 30 in the same year   [#permalink] 01 Jun 2020, 23:12

rom May 1 to May 30 in the same year

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