GMAT Quantitative Reasoning Practice Test 2

Question : 62 of 100

Marks: +1, -0

Simba borrowed $12,000 from his brothers so he can buy a new sports car. If Simba returns 4.5% of that amount every 2 weeks, after how many months Simba wouldn’t owe his brothers any more money?

Validate

Solution:

Simba gives

0.045 × 12,000=540

to his brothers every 2 weeks, in a month he gives

540 × 2=1080.12,000 {/} 1,080

is a little over 11 , therefore after 12 months he won't owe any more money.

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