GRE Prep 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.
Nov 17Live Online Classes with Top GRE Expert Rich Zwelling
08:00 PM EST
-10:00 PM EST
Get live instruction from a top-scoring, industry-recognized GRE teachers + 6 months of access to TTP Self-Study included! Tues/Thur Sept 7, 2026---Feb. 2, 2027, 1:00pm-3:00pm EST
Dec 14Live Online Classes with Top GRE Expert Michael Butville
08:00 PM EST
-10:00 PM EST
Get live instruction from a top-scoring, industry-recognized GRE teachers + 6 months of access to TTP Self-Study included! Mon/Wed Dec. 14, 2026---Feb. 22, 2027, 8:00pm-10:00pm EST
GRE Math Challenge #27-A part of $10,000 inheritance
[#permalink]
Updated on: 17 Feb 2020, 11:50
Updated on: 17 Feb 2020, 11:50
1
Expert Reply
2
Bookmarks
00:00
Question Stats:
75% (01:37) correct
24% (01:23) wrong based on 49 sessions
Hide Show timer Statistics
A part of $10,000 inheritance was invested at 4% and the remainder was invested at 6%. The total simple annual interest earned on the $10,000 at the end of the year was $520.
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Quantity A |
Quantity B |
The amount invested at 4% |
The amount invested at 6% |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Re: GRE Math Challenge #27-A part of $10,000 inheritance
[#permalink]
08 Mar 2018, 01:24
08 Mar 2018, 01:24
1
2
Bookmarks
sandy wrote:
A part of $10,000 inheritance was invested at 4% and the remainder was invested at 6%. The total simple annual interest earned on the $10,000 at the end of the year was $520.
Column A: amount invested at 4%
Column B: amount invested at 6%
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Column A: amount invested at 4%
Column B: amount invested at 6%
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Let's set the amount invested with 4% is x; the one with 6% is y.
x+y=10,000------------> 2x+2y=20,000(1)
0.04x+0.06y=520 -----> 2x+3y=26,000 (2)
(2)-(1) y=6,000
x=4,000
So, B>A
Re: GRE Math Challenge #27-A part of $10,000 inheritance
[#permalink]
08 Mar 2018, 06:02
08 Mar 2018, 06:02
Amount invested at 4% = 10000 x .01 x 4 = $400
Amount invested at 6% = 10000 - 400 = 9600 x .01 x 6 = $576
Thus the remainder of $10k at 6% after the 4% investment is greater. A < B
Amount invested at 6% = 10000 - 400 = 9600 x .01 x 6 = $576
Thus the remainder of $10k at 6% after the 4% investment is greater. A < B
