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

Redeem

When Jessica withdrew $200 from her bank account, her account balance decreased by 2/5. If she deposits an amount equal

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Legendary Member
Posts: 2898
Joined: Thu Sep 07, 2017 2:49 pm
Thanked: 6 times
Followed by:5 members

When Jessica withdrew $200 from her bank account, her account balance decreased by 2/5. If she deposits an amount equal

by Vincen » Sun May 03, 2020 11:54 am

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

When Jessica withdrew $200 from her bank account, her account balance decreased by 2/5. If she deposits an amount equal to 1/4 of the remaining balance, what will be the final balance in her bank account?

A) 300
B) 375
C) 400
D) 500
E) 575


[spoiler]OA=B[/spoiler]

Source: Manhattan GMAT
Top
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3008
Joined: Mon Aug 22, 2016 6:19 am
Location: Grand Central / New York
Thanked: 470 times
Followed by:34 members

Re: When Jessica withdrew $200 from her bank account, her account balance decreased by 2/5. If she deposits an amount eq

by Jay@ManhattanReview » Tue May 05, 2020 11:48 pm
Vincen wrote: ↑
Sun May 03, 2020 11:54 am
 When Jessica withdrew $200 from her bank account, her account balance decreased by 2/5. If she deposits an amount equal to 1/4 of the remaining balance, what will be the final balance in her bank account?

A) 300
B) 375
C) 400
D) 500
E) 575

[spoiler]OA=B[/spoiler]

Source: Manhattan GMAT
Given that Jessica withdrew $200 from her bank account, her account balance decreased by 2/5, we have 2/5 of original balance = $200

Thus, original balance = 200*5/2 = $500

Thus, the remaining balance = 500 – 200 = $300

After depositing an amount equal to 1/4 of the remaining balance (= $300), what will be the final balance in her bank account = 300 + 1/4 of 300 = $375

The correct answer: B

Hope this helps!

-Jay
_________________
Manhattan Review GMAT Prep

Locations: Manhattan Review Mumbai | Hyderabad | GRE Prep Warangal | Begumpet GRE Coaching | and many more...

Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.
Top
Post new topic Post Reply
• Page 1 of 1