Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
GMAT 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.
- Jun 06
08:00 PM PDT
-09:00 PM PDT
Full-length FE mock with insightful analytics, weakness diagnosis, and video explanations! - Jun 07
12:00 PM PDT
-01:00 PM PDT
In this GMAT experience talk show, we talk to Tavishi, a young MBA aspirant from India who recently scored 725 in her latest GMAT Focus exam. It’s a 99.9 percentile score on the new GMAT Focus edition and she achieved this feat in her first GMAT attempt. - Jun 08
05:30 AM PDT
-07:30 AM PDT
The Focus Edition allows barely 2 minutes per question. Hence, rereading portions of passages is not an option. Learn our Involved and Evolved reading strategy, the most efficacious solution to time saving on RC and score high on GMAT Verbal! - Jun 08
11:00 AM IST
-01:00 PM IST
Attend this session to learn how to Deconstruct arguments, Pre-Think Author’s Assumptions, and apply Negation Test. - Jun 11
05:30 AM PDT
-12:00 PM PDT
Register for the GMAT Club Virtual MBA Spotlight fair, the biggest MBA fair of the year. You will have a chance to hear Admissions directors from almost every Top 20 program speak, network with peers, and more.
In 1989 the price of a new model S car was x dollars. If the price of
[#permalink]
11 Nov 2015, 00:40
5
Bookmarks
Expert Reply
Show timer
00:00
A
B
C
D
E
Difficulty:
Question Stats:
94% (00:52) correct
In 1989 the price of a new model S car was x dollars. If the price of the model S car increased each year by 10 percent of the previous year's price, what was the price of the car, in dollars, in 1991 ?
(A) 1.10x
(B) 1.20x
(C) 1.21x
(D) 1.25x
(E) 1.33x
(A) 1.10x
(B) 1.20x
(C) 1.21x
(D) 1.25x
(E) 1.33x
Verbal Forum Moderator
Joined: 08 Dec 2013
Status:Greatness begins beyond your comfort zone
Posts: 2096
Given Kudos: 171
Location: India
Concentration: General Management, Strategy
GPA: 3.2
WE:Information Technology (Consulting)
Re: In 1989 the price of a new model S car was x dollars. If the price of
[#permalink]
11 Nov 2015, 01:00
1
Kudos
Price of car in 1989 = x
10 percent increase per year for 2 years
Price of car in 1991 = (1.1)^2 *x
= 1.21 x
Answer C
10 percent increase per year for 2 years
Price of car in 1991 = (1.1)^2 *x
= 1.21 x
Answer C
Manager
Joined: 07 May 2015
Posts: 159
Given Kudos: 21
Location: India
GMAT 1: 660 Q48 V31
GPA: 3
Re: In 1989 the price of a new model S car was x dollars. If the price of
[#permalink]
17 Nov 2015, 19:22
1
Kudos
in 1989 price = x
each year it increments by 10 %
(1.1)^2 x = 1.21x
Ans:C
each year it increments by 10 %
(1.1)^2 x = 1.21x
Ans:C