Mathematical Reasoning
The price of gold is $1,200 on Monday. Each day after that — on Tuesday, Wednesday, Thursday, Friday, Saturda…
Question 1 · Multiple choice
Question
The price of gold is $1,200 on Monday. Each day after that — on Tuesday, Wednesday, Thursday, Friday, Saturday, and Sunday — the price is $5 more than it was the previous day. What is the price on Sunday?
Options
- A. $1,225
- B. $1,230
- C. $1,235
- D. $1,240
- E. $1,245
Correct answer
B. $1,230
Explanation
The price increases by $5 each day from Monday to Sunday. From Monday to Sunday there are 6 increases: Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday So the total increase is: 6 x 5 = 30 dollars Now add that to Monday's price: 1200 + 30 = 1230 So Sunday's price is $1,230.