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GMAT Prep / Country's currency

Expert replies
by Blast » Wed Dec 03, 2008 1:04 pm
Does anyone know how to get to the answer?
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Source: — Problem Solving |

by Stuart@KaplanGMAT » Wed Dec 03, 2008 2:11 pm
So, we want 2%(I) + avg(100 + 1%(I)).

Since average = sum of terms/# of terms,

2%(I) + (100 + 1%(I))/2

(2/100)I + 100/2 + (1/100)(I/2)

2I/100 + 50 + I/200

4I/200 + I/200 + 50

5I/200 + 50

I/40 + 50

choose (C)!
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by lunarpower » Thu Dec 04, 2008 12:05 am
well done.

the principal challenge of this problem is the sheer length of the wording in the problem statement: there are just a ton of words crammed into a rather small amount of space.

when you parse something like this, you should try your best to break it down into smaller parts:
add 2 percent of one's annual income to the average (arithmetic mean) of 100 units of country R's currency and 1 percent of one's annual income.
this is somewhat difficult to do on gmat problems, because you don't have a pre-printed piece of paper on which you can simply block things off and underline things; you'll have to write this stuff out on the yellow pad with which you're supplied at the exam.
Ron has been teaching various standardized tests for 20 years.

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Voit esittää kysymyksiä Ron:lle myös suomeksi

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