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Source: Official Guide for the GMAT 12th Ed. Section 5.3 Problem Solving; #64

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1

Lucy invested $10,000 in a new mutual

Lucy invested $10,000 in a new mutual fund account exactly three years ago. The value of the account increased by 10 percent during the first year, increased by 5 percent during the second year, and decreased by 10 percent during the third year. What is the value of the account today? $10,350, $10,395, $10,500, $11,500, $12,705

1 Explanation

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Mike McGarry, Magoosh Tutor

Nov 5, 2012 • Comment

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