Live GMAT classes with Target Test Prep start Nov 21 and Nov 22. First class free.

See classes
Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

Newsweek Readers’ Choice Awards 2026 winner: Target Test Prep, #1 Test Prep

Target Test Prep was voted #1 Best Test Prep in the 2026 Newsweek Readers’ Choice™ Awards.

★★★★★5.0563 reviews
GMATLiveTeachStarts Nov 22
Josh Braslow, Target Test Prep GMAT expert
LIVE ONLINE CLASSES

Get Ready for GMAT Test Day Faster with Live Online Classes

with Josh Braslow, 20+ years in test prep

Nov 22 · Josh Braslow
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes + 6 months of TTP OnDemand
  • Attend the first class for free
  • Every class is recorded, so you never fall behind
View classes & enroll
Limited seats availableTarget Test Prep
EALiveTeachOnDemandStart anytime
EXECUTIVE ASSESSMENT

Target Test Prep EA OnDemand

Self-paced EA prep. Study on your schedule.

EXECUTIVE ASSESSMENT

with

165+ EA score guarantee
$05-day trial no automatic billing
Schedule
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll Start free 5-day trial
Limited cohort · enrollment openTrial includes full course accessTarget Test Prep
GMATOnDemandStart anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 563 reviewsTarget Test Prep

GMAT Prep simple yet confusing ?

Expert replies
Post new topic Post Reply
Subscribe topic
Previous Topic Next Topic
Junior | Next Rank: 30 Posts
Posts: 24
Joined: Sat Dec 13, 2008 6:12 pm
Location: chicago
by gxj007 » Sun Sep 13, 2009 4:24 pm
A library assesses fines for overdue books as follows. On the first day that the book is overdue, the total fine is $0.10. For each additional day that the book is overdue, the total fine is either increased by $0.30 or doubled, which results in the lesser amount. What is the total fine for a book on the fourth day it is overdue?

the total fine is increase by .30 per day so
day 1 .10
day 2 .40
day 3 .70
day 4 1.00

so $1.00 is the total fine on day four

or
the fine is double each day
day 1 .10
day 2 .20
day 3 .40
day 4 .80
So .80 is the less than $1.00. Why is the answer $.70 instead of $.80 ?




Answer:
$0.70
Top
Join the discussion
Source: — Problem Solving |
Master | Next Rank: 500 Posts
Posts: 399
Joined: Wed Apr 15, 2009 3:48 am
Location: india
Thanked: 39 times

by xcusemeplz2009 » Mon Sep 14, 2009 6:12 pm
the q is asking which ever is less
therefore
day1 fine =0.1
day2=0.1*2 or 0.4(whichever is less)=0.2.
day3=0.4 or 0.7=0.4(lower value)
day 4=0.8 or 0.4+0.3=0.7 ; hence 0.7(lower value)
It does not matter how many times you get knocked down , but how many times you get up
Top
Join the discussion
Junior | Next Rank: 30 Posts
Posts: 24
Joined: Sat Dec 13, 2008 6:12 pm
Location: chicago

by gxj007 » Tue Sep 15, 2009 5:14 am
Thanks so much for clarifying what they were asking! I completely misinterpreted the question.
Top
Join the discussion
User avatar
Junior | Next Rank: 30 Posts
Posts: 13
Joined: Wed May 18, 2011 10:43 am
Location: Saint-Petersburg, Russia
GMAT Score:560

by kiton » Sun Jul 31, 2011 12:04 am
Hello! My approach:

option 1: 0,1 + 0,3*3 = $1 (1st day + 0,3 for each additional day)

option 2: 0,1 + 0,2*3 = 0,7 (1st day + double 0,1 for each additional day)

Hence, 0,7 is the answer.

Hope, this might help someone :)
Top
Join the discussion
Senior | Next Rank: 100 Posts
Posts: 31
Joined: Thu Jul 01, 2010 5:54 am

by manasgoswami1 » Thu Aug 22, 2013 8:18 am
day 1= 0.1
day 2= 0.2 and not 0.3 as 0.3+0.11>0.2+0.1
day 3= 0.3 again 0.3+0.2+0.1< 2(0.3)+0.2+0.1
day 4= 0.3

total= 0.9
Top
Join the discussion

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16206
Joined: Mon Dec 08, 2008 6:26 pmFollowed by: 1268 members
Location: Vancouver, BC
Thanked: 5254 times
GMAT Score:770

by Brent@GMATPrepNow » Thu Aug 22, 2013 8:31 am
manasgoswami1 wrote:day 1= 0.1
day 2= 0.2 and not 0.3 as 0.3+0.11>0.2+0.1
day 3= 0.3 again 0.3+0.2+0.1< 2(0.3)+0.2+0.1
day 4= 0.3

total= 0.9
You made an error in your Day 3 calculation.
For Day 2, the total fine is $0.20

Day 3
If we double the total fine, we get $0.40
If we add $0.30, we get $0.50
So, the total fine on Day 3 = $0.40

Continuing . . .

Day 4
If we double the total fine, we get $0.80
If we add $0.30, we get $0.70
So, the total fine on Day 4 = [spoiler]$0.70 [/spoiler]

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image
Top
Join the discussion