Q3

bacali wrote:Q35:
The total amount that a certain bank loaned in 1998 was $47 million. How many dollars did the bank loan in June of 1998 for car loans?


(1) 18 percent of the amount that the bank loaned in June of 1998 was for car loans.

(2) 8 percent of the total amount that the bank loaned in 1998 was loaned in June.

We're given the total amount for 1998. We need info about June and info about car loans.

(1) We still have no idea how much money it loaned in June - insufficient.

(2) We have no idea how much of that money was for car loans - insufficient.

Together, we can calculate the amount loaned in June (8% of $47M) and then take 18% of that figure to determine the amount for car loans in June - sufficient.

(1) and (2) are sufficient together, but not apart: choose (C).