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Is the smallest account less than $500,000?

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Is the smallest account less than $500,000?

by sanju09 » Fri Jan 30, 2009 4:45 am
If the average size of 3 accounts is $1 million, is the smallest account less than $500,000?

1. The largest account is $1.3 million.

2. One of the accounts is $0.7 million.

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by krisraam » Fri Jan 30, 2009 9:07 am
IMO C

Total money in the accounts is $3m.

Stmt 1: The largest is 1.3m. The sum of the remaining two accounts is $1.7. The other accounts can have $1 and $.7 or $1.29m and 0.41m. One of the accounts can be less or more than $500k.
In sufficient

Stmt2 : One of the accounts is $0.7m. Clearly its not sufficient.

If one the account is $1.3 and other is 0.7m . The third account is $1.0m

Both stmt 1and stmt 2 together is sufficent

Thanks
Raama
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