by: Yadnesh05
11 mins
Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Sep 1507:00 PM EDT
-09:00 PM EST
Elite scores are possible when you enroll in a powerful GMAT course, taught live online + 6 months access to TTP OnDemand video courses included! Class starts Tues/Thurs Sept. 15, 2026 - Nov. 15, 2027, 7:00pm-9:00pm EST
Sep 2107:00 PM EDT
-10:00 PM EDT
Boost your GMAT score in less than one month in a live online class + 6 months access to TTP OnDemand video courses included! Class starts Mon, Tues, Wed, Thur, Fri Sept. 21, 2026 - Oct. 9, 2027, 7:00pm-10:00pm EST
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
75% (01:07) correct
25%
(01:03)
wrong
based on 72
sessions
History
Date
Time
Result
Not Attempted Yet
The money is paid into account in portions of $500 and paid out in portions of $300. If after a month the account grew by $1,200, what is the least possible number of transactions that could have been made?
A. 3
B. 4
C. 5
D. 6
E. 7
_________________
A. 3
B. 4
C. 5
D. 6
E. 7
_________________
New to the GMAT Club?
- • Questions: Question Bank | Bunuel's Signature Collection
• Tests: GMAT Club Tests | Forum Quiz
• Guides: Quantitative | Critical Reasoning | Reading Comprehension | Ultimate Quant Guide | All You Need for Quant
• Rules: Quantitative | Verbal
Posts: 1
Answer is B
500*(3)=1500
- 300*(1) = 1200
Posted from my mobile device
500*(3)=1500
- 300*(1) = 1200
Posted from my mobile device
Its asking for the least no of transactions required to achieve $1200,
and that is 500 + $500 + $500 - $300 = $1200.
No of transactions are 4.
Choice B
and that is 500 + $500 + $500 - $300 = $1200.
No of transactions are 4.
Choice B
Posts: 164
+1500 - 3 transactions
-300 - 1 transaction
four transactions.
B.
-300 - 1 transaction
four transactions.
B.
rocky620
Retired Moderator
Joined: 10 Nov 2018
Last visit: 11 May 2023
Posts: 476
Location: India
Concentration: General Management, Strategy
Schools: IIMA PGPX'22 IIMB EPGP'22 IIMC PGPEX'22 ISB'22
GMAT 1: 590 Q49 V22
WE:Other (Retail: E-commerce)
Let the amount paid for x times
Let the amount withdrawn for y times
So,
500x - 300y = 1200
Since we have to minimize it (and x & y are integers).
The only combination is x=3, y=1
Option B
Let the amount withdrawn for y times
So,
500x - 300y = 1200
Since we have to minimize it (and x & y are integers).
The only combination is x=3, y=1
Option B
Moderator:
Announcements
How to Tell If Your GMAT Prep Resources Are Actually Helping You
Subscribe to GMAT Club for New Podcast Episodes, Debriefs, & Insightful Sessions on GMAT Preparation
Subscribe to GMAT Club for New Podcast Episodes, Debriefs, & Insightful Sessions on GMAT Preparation
Tuck at Dartmouth
AI at Dartmouth Tuck: How the School Is Preparing Leaders for the Age of Artificial Intelligence
Inside the courses, research, and hands-on learning defining wise, decisive leadership in an AI-driven world.
Read More
Inside the courses, research, and hands-on learning defining wise, decisive leadership in an AI-driven world.
Read More
Top 5 GMAT Debrief Videos
Success stories and strategies from high-scoring candidates.