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The value of Maureen's investment portfolio has decreased by 5.8 perce
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30 Jul 2018, 01:11
13
00:00
A
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C
D
E
Difficulty:
15% (low)
Question Stats:
79% (01:29) correct 21% (01:38) wrong based on 619 sessions
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The value of Maureen's investment portfolio has decreased by 5.8 percent since her initial investment in the portfolio. If her initial investment was $16,800, what is the current value of the portfolio?
A. $7,056.00 B. $14,280.00 C. $15,825.60 D. $16,702.56 E. $17,774.40
Re: The value of Maureen's investment portfolio has decreased by 5.8 perce
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30 Jul 2018, 01:52
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Bunuel wrote:
The value of Maureen's investment portfolio has decreased by 5.8 percent since her initial investment in the portfolio. If her initial investment was $16,800, what is the current value of the portfolio?
A. $7,056.00 B. $14,280.00 C. $15,825.60 D. $16,702.56 E. $17,774.40
NEW question from GMAT® Quantitative Review 2019
(PS07793)
The values are so wide spread that I don't hav eto worry about 5.8 take it as 6 so what is \(16800*\frac{6}{100}\) ~ \(1000\) so our answer ~ \(16800-1000=15800\)
Re: The value of Maureen's investment portfolio has decreased by 5.8 perce
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22 Sep 2018, 04:24
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Solution
Given:
• The value of Maureen's investment portfolio has decreased by 5.8 percent since her initial investment in the portfolio • Her initial investment was $16,800
To find:
• The current value of the portfolio
Approach and Working: We can say 5.8% decrease in very close to 6% decrease.
Re: The value of Maureen's investment portfolio has decreased by 5.8 perce
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26 Sep 2018, 09:48
What I did was: ( 1 - 5.8/100) * 16,800 = 94.2*168 and then from there I noticed that the last non-zero number would be 6 and will be right behind the decimal place and only C fits that answer
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07 Jan 2019, 04:29
nust2017 wrote:
What is the difficulty level of the question? Can this please be updated?
500-600?
You can check difficulty level of a question in the tags above original post. For this one is sub-600. The difficulty level of a question is calculated automatically based on the timer stats from the users which attempted the question.
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79% (01:29) correct 
