Last visit was: 25 Jul 2024, 07:55 It is currently 25 Jul 2024, 07:55
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
SORT BY:
Date
Tags:
Show Tags
Hide Tags
Tutor
Joined: 17 Jul 2019
Posts: 1304
Own Kudos [?]: 1750 [3]
Given Kudos: 66
Location: Canada
GMAT 1: 780 Q51 V45
GMAT 2: 780 Q50 V47
GMAT 3: 770 Q50 V45
Send PM
Senior Manager
Senior Manager
Joined: 23 Dec 2022
Posts: 312
Own Kudos [?]: 36 [1]
Given Kudos: 199
Send PM
Intern
Intern
Joined: 11 Feb 2023
Posts: 1
Own Kudos [?]: 1 [1]
Given Kudos: 69
Send PM
Intern
Intern
Joined: 17 Aug 2021
Posts: 41
Own Kudos [?]: 6 [0]
Given Kudos: 300
Send PM
Re: This year Henry will save a certain amount of his income [#permalink]
Income = Save + Spend
Let save be X
Let spend be Y

Income = X + Y
we want x*(1+r) = 1/2Y
-> Y = 2*x(1+r)
-> Income = x + 2*x(1+r)
-> Income = x + 2x + 2xr
-> Income = x (1+ 2 + 2r)
-> Income = x(3 + 2r)
-> x(amount saved) is 1/(3+2r) of in come
GMAT Club Bot
Re: This year Henry will save a certain amount of his income [#permalink]
   1   2 
Moderator:
Math Expert
94614 posts