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.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 500,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

The price of a microchip declines by 67 percent every 6 months. At thi [#permalink]

Show Tags

09 Jul 2007, 17:57

5

This post was BOOKMARKED

00:00

A

B

C

D

E

Difficulty:

65% (hard)

Question Stats:

54% (02:34) correct
46% (01:38) wrong based on 181 sessions

HideShow timer Statistics

The price of a microchip declines by 67 percent every 6 months. At this rate, approximately how many years will it take for the price of an $81 microchip to reach $1?

A. 1.5 years B. 2 years C. 3 years D. 13 years E. 13.5 years

Re: The price of a microchip declines by 67 percent every 6 months. At thi [#permalink]

Show Tags

25 Oct 2014, 08:39

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.
_________________

Re: The price of a microchip declines by 67 percent every 6 months. At thi [#permalink]

Show Tags

19 Nov 2015, 23:16

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.
_________________

This question is really just about fractions and basic arithmetic, so you don't need a 'fancy' approach to solve it - you just need to do the necessary work on the pad.

We're told to start with an $81 microchip and that its price reduces by about 2/3 every 6 months. We're asked how long it takes for that chip to get to a $1 price. A few calculations should be all that's required to get to the answer:

Start: $81

Reducing this price by 2/3 means that 1/3 of the price will be left: (1/3)(81) = 27 The price 6 months later is $27

We can repeat this same set of 'steps' again... (1/3)(27) = 9 The price 12 months later is $9

Its been long time coming. I have always been passionate about poetry. It’s my way of expressing my feelings and emotions. And i feel a person can convey...

Written by Scottish historian Niall Ferguson , the book is subtitled “A Financial History of the World”. There is also a long documentary of the same name that the...

Post-MBA I became very intrigued by how senior leaders navigated their career progression. It was also at this time that I realized I learned nothing about this during my...