hard · GMAT Quant
An investment portfolio value V (in thousands of dollars) undergoes three adjustments over three quarters. In Quarter 1, V doubles. In Quarter 2, a fixed fee of $18 thousand is deducted. In Quarter 3, the remaining amount increases by 50% (multiplied by 1.5).
If the portfolio value at the end of Quarter 3 is $63 thousand, what was the initial portfolio value V, in thousands of dollars?
- 30
- 60
- 42
- 15
- 48
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