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# Steve started with \$1000 in his account and on January 1st

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Manager
Joined: 14 May 2009
Posts: 189
Steve started with \$1000 in his account and on January 1st [#permalink]

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04 Jun 2009, 13:14
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Steve started with \$1000 in his account and on January 1st began depositing \$100 per month into his account for a certain numbers of months, after which he started making monthly \$50 withdrawals until December 1st. If he made no other deposits or withdrawals during this time, did he begin withdrawing money from his account prior to September 1st?

(1) Steve's account balance was less than \$1850 on October 1st.
(2) Steve's account balance was greater than \$1500 on July 1st.

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Joined: 29 Aug 2007
Posts: 2452

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04 Jun 2009, 20:02
Steve started with \$1000 in his account and on January 1st began depositing \$100 per month into his account for a certain numbers of months, after which he started making monthly \$50 withdrawals until December 1st. If he made no other deposits or withdrawals during this time, did he begin withdrawing money from his account prior to September 1st?

(1) Steve's account balance was less than \$1850 on October 1st.
(2) Steve's account balance was greater than \$1500 on July 1st.

(1) Not suff. The money could have withdrawn from Sept or any other month before sept.

i. If the money started to withdrew from sept = 1000 + 8x100 - 50 = 1750, which is < 1850.
ii. If the money started to withdrew from any other month before sept = [1000 + (n x 100) - (k x 50)], which is obviously < 1850. NSF

(2) Steve's account balance was greater than \$1500 on July 1st :- This is clearly not suff as it is too vauge.
NSF.

Togather: Also NSF. So E.
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Senior Manager
Joined: 15 Jan 2008
Posts: 267

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12 Jun 2009, 07:36
i have a doubt evaluating the question..

both the statements talk abt the balances left in the account.
is that balance of the account before or after the transaction that he makes ?

anyone ?
shud it be assumed that the balance given is after the transaction happens ?
Manager
Joined: 05 Jan 2009
Posts: 76

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12 Jun 2009, 12:12
IMO E.
Getting two equations:
3x>=17; 3x<=26; More than one solutions. X-# of months made deposit.

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This is not a quality discussion. It has been retired.

If you would like to discuss this question please re-post it in the respective forum. Thank you!

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Re: Tough DS 11   [#permalink] 12 Jun 2009, 12:12
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