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The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.
Q. If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?
Correct answer is '108'. Can you explain this answer?
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Most Upvoted Answer
The following chart shows the percent distribution of the number of ca...
We know that the total number of candidates in 2014 was 500.
Since every year for the next two years, i.e., for 2014-2015 and 2015-2016, the percent increase in the number of candidates is 20%, the number of candidates in 2015 = 120% of 500 = 600.
Similarly, number of candidates in 2016 = 120% of 600 = 720.
Thus, the number of candidates for the LSAT course in 2016 = 15% of 720 = 108; from the 2016 chart, we know that there are 15% candidates for the LSAT course.
Alternatively, you can calculate it as following:
C2016 = C2014 × (1+r%)n; say C2016 = number of candidates in 2016, C2014 = number of candidates in 2014, the rate of increase = r% and the number of years = n
C2016 = 500 × (1 + 20%)2; given that C2014 = 500, r% = 20%, and there are 2 years from 2014 to 2016, thus n = 2
C2016 = 500 × 1.22 = 500 × 1.44 = 720
Thus, the number of candidates for the LSAT course in 2016 = 15% of 720 = 108.
C2016 = 500 × (1 + 20%)2; given that C2014 = 500, r% = 20%, and there are 2 years from 2014 to 2016, thus n = 2
C2016 = 500 × 1.22 = 500 × 1.44 = 720
Thus, the number of candidates for the LSAT course in 2016 = 15% of 720 = 108.
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Community Answer
The following chart shows the percent distribution of the number of ca...
We know that the total number of candidates in 2014 was 500.
Since every year for the next two years, i.e., for 2014-2015 and 2015-2016, the percent increase in the number of candidates is 20%, the number of candidates in 2015 = 120% of 500 = 600.
Similarly, number of candidates in 2016 = 120% of 600 = 720.
Thus, the number of candidates for the LSAT course in 2016 = 15% of 720 = 108; from the 2016 chart, we know that there are 15% candidates for the LSAT course.
Alternatively, you can calculate it as following:
C2016 = C2014 × (1+r%)n; say C2016 = number of candidates in 2016, C2014 = number of candidates in 2014, the rate of increase = r% and the number of years = n
C2016 = 500 × (1 + 20%)2; given that C2014 = 500, r% = 20%, and there are 2 years from 2014 to 2016, thus n = 2
C2016 = 500 × 1.22 = 500 × 1.44 = 720
Thus, the number of candidates for the LSAT course in 2016 = 15% of 720 = 108.
C2016 = 500 × (1 + 20%)2; given that C2014 = 500, r% = 20%, and there are 2 years from 2014 to 2016, thus n = 2
C2016 = 500 × 1.22 = 500 × 1.44 = 720
Thus, the number of candidates for the LSAT course in 2016 = 15% of 720 = 108.
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The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.Q.If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?Correct answer is '108'. Can you explain this answer?
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The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.Q.If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?Correct answer is '108'. Can you explain this answer? for GRE 2024 is part of GRE preparation. The Question and answers have been prepared according to the GRE exam syllabus. Information about The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.Q.If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?Correct answer is '108'. Can you explain this answer? covers all topics & solutions for GRE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.Q.If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?Correct answer is '108'. Can you explain this answer?.
The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.Q.If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?Correct answer is '108'. Can you explain this answer? for GRE 2024 is part of GRE preparation. The Question and answers have been prepared according to the GRE exam syllabus. Information about The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.Q.If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?Correct answer is '108'. Can you explain this answer? covers all topics & solutions for GRE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The following chart shows the percent distribution of the number of candidates enrolled in a certain test-prep company from 2014 to 2017 for four courses: GMAT, GRE, SAT and LSAT.Q.If the number of candidates in 2014 was 500, and there was a 20% increase in the number of candidates per year for the next two years, what is the number of candidates for the LSAT course in 2016?Correct answer is '108'. Can you explain this answer?.
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