hard · Gre Quant
A specialized investment fund's value increases by 40% during its first year and then decreases by 30% during its second year.
If the final value of the fund at the end of the second year is $24,500, what was the initial investment amount?
- $25,000
- $22,273
- $25,480
- $26,950
- $21,000
Sign up free to see the explanation and track your rank →
More Gre Quant practice
- DUAL-SCALE GRAPH: Helix Biotech — Headcount and Revenue per Employee, 2022–2026 Left axis:
- A store marks up a product by 20% over its cost, then during a sale discounts the marked p
- Solve for x: x - 5 = √(x - 3)
- Which of the following must be a factor of the integer n if n^2 is divisible by 72?
- Common information: n is an integer and 2ⁿ = k. Quantity A: 2^n+1 + 2^n+1 Quantity B: 2^n+
- 0 < a < b < 1. Quantity A: dfracab Quantity B: dfraca+1b+1
- A logistics firm reports monthly shipping cost and on-time delivery rate for one lane. The
- A fair six-sided die (faces 1 through 6) is rolled twice, and the two results are recorded