1963 AMC 12 Problem 23

Attempt Problem 23 of the 1963 AMC 12 below, then check your answer against the professionally curated solution from LIVE by Po-Shen Loh. You can also try the full timed exam, view all 1963 AMC 12 solutions, or check the answer key.

All problems are used with official legal permission of the Mathematical Association of America (MAA).

23.

AA gives BB as many cents as BB has and CC as many cents as CC has. Similarly, BB then gives AA and CC as many cents as each then has. CC, similarly, then gives AA and BB as many cents as each then has. If each finally has 1616 cents, with how many cents does AA start?
2424
2626
2828
3030
3232
Answer: B
Concepts:moneywork backwards
Small hint:
Work backward from the final holdings
Big hint:
Immediately before someone gives, each recipient must have half of the amount held just after that gift
Solution:
Reverse the transactions. Before CC gives, the holdings are (8,8,32).(8,8,32). Before BB gives, they are (4,28,16).(4,28,16). Before AA gives, BB and CC must have had 1414 and 8,8, while AA had 4+14+8=26.4+14+8=26.
Therefore, the correct answer is B.
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