It is currently 17 Oct 2017, 21:20

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

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

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

  post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Manager
Manager
User avatar
Joined: 14 May 2009
Posts: 191

Kudos [?]: 48 [0], given: 1

Schools: Stanford, Harvard, Berkeley, INSEAD
Steve started with $1000 in his account and on January 1st [#permalink]

Show Tags

New post 04 Jun 2009, 13:14
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 1 sessions

HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

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.
_________________

Hades

Kudos [?]: 48 [0], given: 1

SVP
SVP
User avatar
Joined: 29 Aug 2007
Posts: 2472

Kudos [?]: 842 [0], given: 19

Re: Tough DS 11 [#permalink]

Show Tags

New post 04 Jun 2009, 20:02
Hades wrote:
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.
_________________

Verbal: http://gmatclub.com/forum/new-to-the-verbal-forum-please-read-this-first-77546.html
Math: http://gmatclub.com/forum/new-to-the-math-forum-please-read-this-first-77764.html
Gmat: http://gmatclub.com/forum/everything-you-need-to-prepare-for-the-gmat-revised-77983.html


GT

Kudos [?]: 842 [0], given: 19

Senior Manager
Senior Manager
User avatar
Joined: 15 Jan 2008
Posts: 280

Kudos [?]: 49 [0], given: 3

Re: Tough DS 11 [#permalink]

Show Tags

New post 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 ?

Kudos [?]: 49 [0], given: 3

Manager
Manager
User avatar
Joined: 05 Jan 2009
Posts: 81

Kudos [?]: 160 [0], given: 2

Re: Tough DS 11 [#permalink]

Show Tags

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

Kudos [?]: 160 [0], given: 2

Re: Tough DS 11   [#permalink] 12 Jun 2009, 12:12
Display posts from previous: Sort by

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

  post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| 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®.