BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

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.

★★★★★5.0559 reviews
GMATLiveTeach 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

Schedule
Sun · 9:30 AM to 12:30 PM ET
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
Limited cohort · enrollment openTarget Test Prep
GMATOnDemand Start 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 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

percents

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
User avatar
Senior | Next Rank: 100 Posts
Posts: 46
Joined: Fri Aug 19, 2011 12:13 amFollowed by: 1 member
Location: Delhi, India
by romitvsingh » Fri Oct 21, 2011 5:40 am
Lucky invested $10,000 in a new mutal fund account exactly three years ago. The value of the account increased by 10% during the 1st year, increased by 5% during the 2nd year, and decreased by 10% during the third year. what is the value of the account today?

A)$10,350
B)$10,395
C)$10,500
D)$11,500
E)$12,705

pls explain in detail
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3835
Joined: Fri Apr 02, 2010 10:00 pmFollowed by: 523 members
Location: Milpitas, CA
Thanked: 1854 times
GMAT Score:770

by Anurag@Gurome » Fri Oct 21, 2011 5:55 am
romitvsingh wrote:Lucky invested $10,000 in a new mutal fund account exactly three years ago. The value of the account increased by 10% during the 1st year, increased by 5% during the 2nd year, and decreased by 10% during the third year. what is the value of the account today?
After the 1st year,
  • Money in the account = $10,000 + 10% of $10,000 = $(10,000 + 1,000) = $11,000
After the 2nd year,
  • Money in the account = $11,000 + 5% of $11,000 = $(11,000 + 550) = $11,550
After the 3rd year,
  • Money in the account = $11,550 - 10% of $11,550 = $(11,550 - 1,155) = $10,395
The correct answer is B.
Anurag Mairal, Ph.D., MBA
GMAT Expert, Admissions and Career Guidance
Gurome, Inc.
1-800-566-4043 (USA)

Join Our Facebook Groups
GMAT with Gurome
https://www.facebook.com/groups/272466352793633/
Admissions with Gurome
https://www.facebook.com/groups/461459690536574/
Career Advising with Gurome
https://www.facebook.com/groups/360435787349781/
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
User avatar
Legendary Member
Posts: 588
Joined: Sun Oct 16, 2011 9:42 amFollowed by: 9 members
Location: New Delhi, India
Thanked: 130 times
GMAT Score:720

by rijul007 » Fri Oct 21, 2011 7:20 am
Value of account after 1st yr = $ 10000 * 110/100
Value of account after 2nd yr = $ 10000 * 11/10 * 105/100
Value of account after 3rd yr = $ 10000 * 11/10 * 105/100 * 90/100
= $ 11 * 105 * 9
= $ 11 * 945
= $ 10395

Option B
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1