GMAT Quantitative Reasoning Practice Test 2

Question : 59 of 100

Marks: +1, -0

Travis is working as a programmer of IBW. Travis earns

\$ 3,500

annually.
If Travis pays

2.5 \%

of that amount quarterly to support groups and he paid

\$ 525

so far, for how many years now has Travis been paying?

Solution:

Travis pays

2.5 \%

of 3500 , which is

\$ 87.5

every 3 months (quarterly).

525 / 87.5=6

, therefore Travis has been paying for

6 × 3=18

months now, that is 2.5 years.

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