GMAT Quantitative Reasoning Practice Test 6

Question : 85 of 100

Marks: +1, -0

Mickey made an X dollars loan at the beginning of 1996. Travis, who is Mickey’s little brother also made a loan, only twice as large as Mickey’s but with the same interest. If Travis pays

\$10,000

interest on his loan each year, how big is Mickey's loan?
(1) The rate of interest on the loan that Travis took is

6 \%

annually.
(2) The loan that Travis made was

\$ 166,667

Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
Either statement BY ITSELF is sufficient to answer the question.
Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.

Validate

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