Blog

The Quest for 700: Weekly GMAT Challenge

Each week Manhattan GMAT posts a GMAT question on our blog and follows up with the answer the next day. Are you up for the challenge?

Saul invests an amount of dollars in investment A at i% simple annual interest, another amount in investment B at j% simple annual interest, and a third amount in investment C at k% simple annual interest. If the percent interest rates i, j, and k are in a ratio of 3:2:4, what is the ratio of the average rate of interest on all three investments (taken together) to the interest rate on investment A?

(1) The amounts Saul invested in investments A, B, and C are in a ratio of 1:4:5.

(2) Saul’s three investments total $100,000, while the total amount of money he earns in interest in the first year is $18,600.

(A) Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
(B) Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
(C) BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
(D) EACH statement ALONE is sufficient.
(E) Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.

 



onTrack by mbaMission

A first-of-its-kind, on-demand MBA application experience that delivers a personalized curriculum for you and leverages interactive tools to guide you through the entire MBA application process.

Get Started!


Upcoming Events


Upcoming Deadlines

  • Cambridge Judge (Round 1)
  • HBS (Round 1)
  • INSEAD (August Intake)
  • Yale SOM (Round 1)
  • Berkeley Haas (Round 1)

Click here to see the complete deadlines


2024–2025 MBA Essay Tips

Click here for the 2023–2024 MBA Essay Tips


MBA Program Updates

Explore onTrack — mbaMission’s newest offering allowing you to learn at your own pace through video. Learn more