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GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1053
GPA: 3.39
A certain library assesses fines for overdue books as follows. On the
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18 Oct 2022, 06:59
18 Oct 2022, 06:59
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A certain library assesses fines for overdue books as follows. On the first day that a book is overdue, the total fine is $0.10. For each additional day that the book is overdue, the total fine is either increased by $0.30 or doubled, whichever results in the lesser amount. What is the total for a book on the fourth day it is overdue?
A. $0.60
B. $0.70
C. $0.80
D. $0.90
E. $1.00
A. $0.60
B. $0.70
C. $0.80
D. $0.90
E. $1.00
Retired Moderator
Joined: 10 Apr 2015
Posts: 6218
Given Kudos: 136
Re: A certain library assesses fines for overdue books as follows. On the
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18 Oct 2022, 07:06
18 Oct 2022, 07:06
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GeminiHeat wrote:
A certain library assesses fines for overdue books as follows. On the first day that a book is overdue, the total fine is $0.10. For each additional day that the book is overdue, the total fine is either increased by $0.30 or doubled, whichever results in the lesser amount. What is the total for a book on the fourth day it is overdue?
A. $0.60
B. $0.70
C. $0.80
D. $0.90
E. $1.00
A. $0.60
B. $0.70
C. $0.80
D. $0.90
E. $1.00
1st day - $0.10
2nd day - $0.20 or $0.40 (double or add $0.30)
$0.20 is the lesser amount
3rd day - $0.40 or $0.50 (double or add $0.30)
$0.40 is the lesser amount
4th day - $0.80 or $0.70 (double or add $0.30)
$0.70 is the lesser amount
The correct answer is B
Cheers,
Brent
gmatclubot
Re: A certain library assesses fines for overdue books as follows. On the [#permalink]
18 Oct 2022, 07:06
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