Use Least Common Multiple or Greatest Common Divisor to Solve

question 40

Multiple Choice

Use least common multiple or greatest common divisor to solve the problem.
-Two runners run around a circular track. The first runner completes a lap in 6 minutes. The second runner completes the track in 13 minutes. If they both start at the same place and the same time and Go in the same direction, after how many minutes will they meet again at the starting place?

• A)19
• B)156
• C)78
• D)79

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Definitions:

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, typically traded on a futures exchange.

Underlying Asset

A financial asset upon which a derivative's price is based, such as stocks, bonds, commodities, or currencies.

Leverage

The use of borrowed funds to enhance the potential return of an investment.

Transaction Costs

Expenses incurred when buying or selling securities, including broker fees, commissions, and other charges that affect the profitability of investments.