BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

At the beginning of year 1, an investor puts \(p\) dollars into an investment whose value increases at a variable rate

Expert replies
by Gmat_mission » Sat Aug 22, 2020 3:57 am

Timer

00:00

Answers

A

B

C

D

E

Stats

Difficulty

At the beginning of year 1, an investor puts \(p\) dollars into an investment whose value increases at a variable rate of \(x_n\) per year, where \(n\) is an integer ranging from 1 to 3 indicating the year. If \(85<x_n<110\) for all \(n\) between 1 and 3, inclusive, then at the end of 3 years, the value of the investment must be between

A. \(\$p\) and \(\$2p\)
B. \(\$2p\) and \(\$5p\)
C. \(\$5p\) and \(\$10p\)
D. \(\$10p\) and \(\$25p\)
E. \(\$25p\) and \(\$75p\)

Answer: C

Source: Manhattan GMAT
Join the discussion
Source: — Problem Solving |