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06 Oct 2010, 07:10
Kudos
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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:
45%
(medium)
Question Stats:
69% (01:41) correct
31%
(01:52)
wrong
based on 1281
sessions
History
Date
Time
Result
Not Attempted Yet
Larry saves x dollars per month. Will Larry’s total savings one year from now exceed his present savings by at least $500 ? (Assume that there is no interest.)
(1) In 6 months Larry's total savings will be $900.
(2) In 3 months Larry's total savings will exceed his present savings by $150.
ID: 700138
DS21223
(1) In 6 months Larry's total savings will be $900.
(2) In 3 months Larry's total savings will exceed his present savings by $150.
ID: 700138
DS21223
06 Oct 2010, 07:36
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agnok
Larry saves x dollars per month. Will Larry’s total savings one year from now exceed his present savings by at least $500 ? (Assume that there is no interest.)
Let's say Larry's present savings is \(y\).
Question asks:
Is \(12x+y>y+500\)?
Is \(12x>500\)?
(1) In 6 months Larry's total savings will be $900.
The above implies that \(y+6x=900\), which is not sufficient to say whether \(12x>500\) (or whether \(6x>250\)).
(2) In 3 months Larry's total savings will exceed his present savings by $150.
The above implies that \(y+3x=y+150\), whic gives \(x=50\). Thus, \(12x = 600 > 500\). Sufficient.
Answer: B.
General Discussion
17 Aug 2017, 09:02
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Given : Larry saves x $ per month
From
1) Larry saves 150$ per month, hence in 12 months he saves 1800$. But we don't have info about his present savings.
Not Sufficient.
2) In 3 months Larry's savings exceed his saving by 150$. Now since it is given Larry saves an constant amount every month, it is safe to assume in 12 months Larry's savings will exceed his previous savings by 600$.
Sufficient.
From
1) Larry saves 150$ per month, hence in 12 months he saves 1800$. But we don't have info about his present savings.
Not Sufficient.
2) In 3 months Larry's savings exceed his saving by 150$. Now since it is given Larry saves an constant amount every month, it is safe to assume in 12 months Larry's savings will exceed his previous savings by 600$.
Sufficient.
