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rishianand7
- Senior | Next Rank: 100 Posts
- Posts: 44
- Joined: Tue Mar 05, 2013 10:18 pm
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Need help with the question below. The explanation given in the OG is wierd.
Beginning in January of last year, Carl made deposits
of $120 into his account on the 15th of each month
for several consecutive months and then made
withdrawals of $50 from the account on the 15th of
each of the remaining months of last year. There were
no other transactions in the account last year. Ifthe
closing balance of Carl's account for May of last year
was $2,600, what was the range of the monthly
closing balances of Carl's account last year?
(1) Last year the closing balance of Carl's account
for April was less than $2,625.
(2) Last year the closing balance of Carl's account
for June was less than $2,675.
Beginning in January of last year, Carl made deposits
of $120 into his account on the 15th of each month
for several consecutive months and then made
withdrawals of $50 from the account on the 15th of
each of the remaining months of last year. There were
no other transactions in the account last year. Ifthe
closing balance of Carl's account for May of last year
was $2,600, what was the range of the monthly
closing balances of Carl's account last year?
(1) Last year the closing balance of Carl's account
for April was less than $2,625.
(2) Last year the closing balance of Carl's account
for June was less than $2,675.
