For a certain savings account, the table shows the three transactions for the month of June. The daily balance for the

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

Timer

00:00

Your Answer

A

B

C

D

E

Global Stats

Untitled.png
For a certain savings account, the table shows the three transactions for the month of June. The daily balance for the account was recorded at the end of each of the 30 days in June. If the daily balance was $1,000 on June 1 and if the average (arithmetic mean) of the daily balances for June was $1,000, what was the amount of the deposit on June 21?

A. $1,000
B. $1,150
C. $1,200
D. $1,450
E. $1,600

Answer: D

Source: GMAT Prep
Source: — Problem Solving |