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AbdurRakib
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23 Jun 2016, 09:59
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B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
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77% (01:04) correct
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based on 2322
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The chart above shows year-end values for Darnella's investments. For just the stocks, what was the increase in value from year-end 2000 to year-end 2003 ?
A. $1000
B. $2000
C. $3000
D. $4000
E. $5000
OG Q 2017 (Book Question: 76)
Attachment:
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23 Jun 2018, 13:51
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AbdurRakib
Vertical bar charts with more than one data value per vertical bar are notorious traps.
To read vertical bar charts with more than one data value, find the top and bottom boundary lines for the segment that matters.
Then find those lines' corresponding values. The start value for stocks, in other words, is not 0. (If we were asked about cash, the start value WOULD be 0.)
From the legend: stocks are indicated by diagonal stripes.
Total value = Value at top line of striped part minus value at bottom line of striped part
At year's end in 2000, striped part's bottom line hits at $6,000
Top line hits at $9,000
Total value: $(9,000 - 6,000) = $3,000 in 2000
2003: Top line hits at $10,000. Bottom line hits at $5,000
Total value: $(10,000 - 5,000) = $5,000 in 2003
Difference? $(5,000 - 3,000) = $2,000
Answer B
23 Jun 2016, 11:19
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AbdurRakib
From the figure, we can conclude her saving's in 2000 were 3000 (6000-9000)
and, her savings in 2003 were 5000 (10,000-5,000)
so the value increase was 5000-3000= 2000
B is the answer
