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The total amount that a certain bank loaned in 1998 was $47 [#permalink] ### Show Tags 07 Oct 2008, 05:24 1 This post was BOOKMARKED This topic is locked. If you want to discuss this question please re-post it in the respective forum. The total amount that a certain bank loaned in 1998 was$47 million. How many dollars did the bank loan in June of 1998 for car loans?
(1) 18 percent of the amount that the bank loaned in June of 1998 was for car loans.
(2) 8 percent of the total amount that the bank loaned in 1998 was loaned in June.

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D. EACH statement ALONE is sufficient.
E. Statements (1) and (2) TOGETHER are NOT sufficient.
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07 Oct 2008, 05:28
IMO C.

1 ) 18 % of June's loan = car loan of June => not sufficient
2 ) 8% of the total loan= June's loan => not sufficient

combined, car loan of june = 18 % of ( 8 % of 47 M ) => succifient
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Re: The total amount that a certain bank loaned in 1998 was $47 [#permalink] ### Show Tags 15 Aug 2016, 19:27 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 total amount that a certain bank loaned in 1998 was$47   [#permalink] 15 Aug 2016, 19:27
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