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At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer?.

Solutions for At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice At the end of the year 2002, Monica and Chandler each purchased a certificate of deposit that paid the same rate of interest, and each held the certificate of deposit through the end of 2002. If Chandler invested X dollars and Monica invested $130,000, and if Chandler earned interest in 2002 totaling $45,000, what was the amount of interest that Monica earned on her $130,000 investment?(1) The rate of interest on the certificate of deposit that Chandler and Monica each purchased was 8.5% annually.(2) In 2002, Chandler invested $529,412 in the certificate of deposit.a)Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.b)Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.c)Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.d)Either statement BY ITSELF is sufficient to answer the question.e)Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.