An investment firm's database lists five mutual funds with their performance and risk metrics: | Fund | 1-Year Return (%) | 3-Year Return (%) | Expense Ratio (%) | Risk Level | |------|-------------------|-------------------|-------------------|------------| | A | 8 | 12 | 0.85 | Medium | | B | 15 | 9 | 0.60 | High | | C | 10 | 11 | 0.70 | Medium | | D | 6 | 13 | 0.90 | Low | | E | 12 | 8 | 0.55 | Medium | An investor seeks a fund with a 3-year return greater than 10% AND an expense ratio less than 0.75%. Which fund(s) meet these criteria?

The correct answer to the question "An investment firm's database lists five mutual funds with their performance and risk metrics: | Fund | 1-Year Return (%) | 3-Year Return (%) | Expense Ratio (%) | Risk Level | |------|-------------------|-------------------|-------------------|------------| | A | 8 | 12 | 0.85 | Medium | | B | 15 | 9 | 0.60 | High | | C | 10 | 11 | 0.70 | Medium | | D | 6 | 13 | 0.90 | Low | | E | 12 | 8 | 0.55 | Medium | An investor seeks a fund with a 3-year return greater than 10% AND an expense ratio less than 0.75%. Which fund(s) meet these criteria?" is Option C: Fund C only.

The other options — A) Fund A only, B) Fund A and C, D) Fund C and D — are incorrect for this GMAT Exam Prep question. As explained above: Fund A: 3-year return (12%) > 10%, but expense ratio (0.85%) is NOT < 0.75%. Fund C: 3-year return (11%) > 10% AND expense ratio (0.70%) < 0.75%. Fund D: 3-year return (13%) > 10%, but expense ratio …