Ratio of amt paid will be 5:3:20 (100:60:400(approx))
120*((20/28)-(5/28)) = 120*15/28 = 64.something [spoiler](E)[/spoiler]

Let Henry's income be 1 Let Amount he saves = s Amount that he'll spend = 1-s If he saves 1$ - (1+r)$ s$ - x$ Therefore x = s(1+r)$ (This much amount he has available to spend next year) This amount should equal to half of what he spends this that means s(1+r) = 1/2(1-s) on solving this u'll get s =...

Properties of Similar Triangles: • Corresponding angles are the same. • Corresponding sides are all in the same proportion. • It is only necessary to determine that two sets of angles are identical in order to conclude that two triangles are similar; the third set will be identical because all...

OA IS B (A) This choice is incorrect as it repeats the original sentence. (B) CORRECT. The semicolon correctly connects two independent clauses. Also, the singular verb “is� agrees in number with the singular subject “relationship.� (C) The plural verb “are� does not agree in number with...

Hey guys, I'm just analyzing my mistakes in the GMAT Prep test and I can't figure out the solution for the following question: In a Pet-Shop 1/3 of the pets are dogs and 1/5 of the pets are birds. How many of the dogs are pets? (1) There are 30 birds in the Pet-Shop (2) There are 20 more Birds than...

OA IS D

If you look closely at both the statements, you'll find out that both of them are saying the same stuff.
So OA shld be either D or E
Its a simple question of weighted avg.
OA is D

Let Principal = p
Principal after 1st year= 1.1p (Ten percent return on investment)

Since the amount is being withdrawn after 2nd year. There will be a penalty of 500

For 2nd year return :
6430 = 1.1p (1+5/100)^1 - 500
p = $ 6000

OA is A