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The total income of Mr. Teng in the years 2003, 2004, and 20
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29 Apr 2019, 02:28
29 Apr 2019, 02:28
1
Expert Reply
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Question Stats:
63% (01:51) correct
36% (01:55) wrong based on 44 sessions
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The total income of Mr. Teng in the years 2003, 2004, and 2005 was $36,400. His income increased by 20% each year. What was his income in 2005?
(A) 5,600
(B) 8,800
(C) 10,000
(D) 12,000
(E) 14,400
(A) 5,600
(B) 8,800
(C) 10,000
(D) 12,000
(E) 14,400
Re: The total income of Mr. Teng in the years 2003, 2004, and 20
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16 Apr 2020, 14:56
16 Apr 2020, 14:56
1
Expert Reply
2003 --> x income
2004 --> 1.2x income
2005 --> 1.2*1.2x=1.44x
According to the stem:
x+1.2x+1.44x=36400
x=10 000
1.44x=14400
E is the answer
2004 --> 1.2x income
2005 --> 1.2*1.2x=1.44x
According to the stem:
x+1.2x+1.44x=36400
x=10 000
1.44x=14400
E is the answer
Re: The total income of Mr. Teng in the years 2003, 2004, and 20
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09 May 2024, 07:03
09 May 2024, 07:03
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Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
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