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Each year, funds A and B grow by a particular percentage ba
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29 Apr 2019, 02:22
29 Apr 2019, 02:22
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Question Stats:
64% (01:32) correct
35% (01:33) wrong based on 90 sessions
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Each year, funds A and B grow by a particular percentage based on the following policy of the investment company:
(1) The allowed percentages of growths on the two funds are 20% or 30%.
(2) The growth percentages of the two funds are not the same in any year.
(3) No fund will have the same percentage growth in any two consecutive years.
Bob invested equal amounts in two funds A and B. In the first year, fund B was offered a growth of 30%.
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.
(1) The allowed percentages of growths on the two funds are 20% or 30%.
(2) The growth percentages of the two funds are not the same in any year.
(3) No fund will have the same percentage growth in any two consecutive years.
Bob invested equal amounts in two funds A and B. In the first year, fund B was offered a growth of 30%.
Quantity A |
Quantity B |
The value of Fund A after 3 years |
The value of Fund B after 3 years |
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: Each year, funds A and B grow by a particular percentage ba
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27 May 2019, 23:16
27 May 2019, 23:16
3
It's a bit unclear on point (1) of the question though. But I assumed that both funds can only either grow 20% or 30% in any given year.
If that's the case, say x is the amount Bob invested in each fund:
- Fund B: grows 30% 1st year, 20% 2nd year, 30% 3rd year --> After 3 years Bob would have x * 1.3 * 1.2 * 1.3
- Fund A: grows 20% 1st year, 30% 2nd year, 20% 3rd year --> After 3 years Bob would have x * 1.2 * 1.3 * 1.2
Clearly (B)
If that's the case, say x is the amount Bob invested in each fund:
- Fund B: grows 30% 1st year, 20% 2nd year, 30% 3rd year --> After 3 years Bob would have x * 1.3 * 1.2 * 1.3
- Fund A: grows 20% 1st year, 30% 2nd year, 20% 3rd year --> After 3 years Bob would have x * 1.2 * 1.3 * 1.2
Clearly (B)
Re: Each year, funds A and B grow by a particular percentage ba
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30 Mar 2022, 02:56
30 Mar 2022, 02:56
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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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