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Fifty percent of a couple's retirement account is invested in stocks,
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15 Aug 2021, 13:37
15 Aug 2021, 13:37
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Question Stats:
50% (01:01) correct
50% (02:03) wrong based on 6 sessions
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Fifty percent of a couple's retirement account is invested in stocks, 25 percent in a mutual fund, 20 percent in Treasury bonds, and the remaining $20,000 in certificates of deposit. In the couple's retirement account, what is the total amount invested?
(A) $200,000
(B) $300,000
(C) $400,000
(D) $1,000,000
(E) $4,000,000
(A) $200,000
(B) $300,000
(C) $400,000
(D) $1,000,000
(E) $4,000,000
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Joined: 19 Nov 2020
Posts: 326
Given Kudos: 64
GRE 1: Q160 V152
Fifty percent of a couple's retirement account is invested in stocks,
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15 Aug 2021, 17:46
15 Aug 2021, 17:46
The question is not tricky, although I had to commit myself to paper and enlist all data as I was reading at first (to avoid careless mistakes too). Time spent was 80 seconds. In the end, I have the amount calculated using a calculator under timer 20,000/0.05=400,000. It could be done with number manipulations, i.e. no calculator 20,000*100/5=4,000*100=400,000. Answers is C
in test, once I know how to solve, only calculator will be used to avoid miscalculations.
in test, once I know how to solve, only calculator will be used to avoid miscalculations.
Carcass wrote:
Fifty percent of a couple's retirement account is invested in stocks, 25 percent in a mutual fund, 20 percent in Treasury bonds, and the remaining $20,000 in certificates of deposit. In the couple's retirement account, what is the total amount invested?
(A) $200,000
(B) $300,000
(C) $400,000
(D) $1,000,000
(E) $4,000,000
(A) $200,000
(B) $300,000
(C) $400,000
(D) $1,000,000
(E) $4,000,000
Re: Fifty percent of a couple's retirement account is invested in stocks,
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15 Aug 2021, 19:17
15 Aug 2021, 19:17
1
Of the Retirement amount,
\(50\)% - invested in stocks
\(25\)% - mutual fund
\(20\)% - treasury bond
remaining \($20,000\) - certificates of deposit
Certificates of deposit represent \(5\)% of the retirement amount.
Total retirement amount = \(\frac{20000 * 100 }{ 5} = 400,000\)
Answer C
\(50\)% - invested in stocks
\(25\)% - mutual fund
\(20\)% - treasury bond
remaining \($20,000\) - certificates of deposit
Certificates of deposit represent \(5\)% of the retirement amount.
Total retirement amount = \(\frac{20000 * 100 }{ 5} = 400,000\)
Answer C
