Mani saves money in a jar at home for six months. The first month he saves S dollars. Each month thereafter, Mani saves 12--> of what he has saved the previous month. If Mani’s total savings at the end of the six months is $393.75, how much money does he save the sixth month?

🎲 Try a Random Question  |  Total Questions in Quiz: 34  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
GMAT Quantitative: Problem Solving Practice Test 3 — practice the complete quiz, review flashcards, or try a random question.

Problem Solving questions are mixed in with Data Sufficiency questions to make up the 37 questions of the GMAT Quantitative section, which must be completed in 75 minutes. The Problems You’ll Work On When working through the problem solving questions test your understanding of: Basic math, including fractions, decimals, ratios and proportions, percents, and exponents. Probability and Statistics, including counting techniques, permutations and combinations, basic probability, arithmetic mean, median, mode, and standard deviation. Algebra, including polynomials, linear equations and... Show more

Mani saves money in a jar at home for six months. The first month he saves <em>S</em> dollars. Each month thereafter, Mani saves <img><m:mrow><m:mfrac><m:mn>1</m:mn><m:mn>2</m:mn></m:mfrac></m:mrow></m:math>--> of what he has saved the previous month. If Mani’s total savings at the end of the six months is $393.75, how much money does he save the sixth month?