# GRE Questions

Q:

Fastest Shorthand Writer was

 A) Dr. G. D. Bist B) J.R.D. Tata C) J.M. Tagore D) Khudada Khan

Explanation:

Dr. G. D. Bist, Guinness Record Holder, the first-ever Ph.D. in Stenography in the world.

He had achieved a highest speed of 250 w.p.m. in Shorthand.

135 38627
Q:

At what rate percent per annum will a sum of money double in 8 years.

 A) 12.5% B) 13.5% C) 11.5% D) 14.5%

Explanation:

Let principal = P, Then, S.I.= P and Time = 8 years

We know that S.I. = PTR/100

Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

60 20700
Q:

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

 A) 650 B) 690 C) 698 D) 700

Explanation:

S.I. for 1 year =  Rs. (854 - 815) = Rs. 39.

S.I. for 3 years = Rs.(39 x 3) = Rs. 117.

Principal = Rs. (815 - 117) = Rs. 698

37 19427
Q:

What annual instalment will discharge a debt of Rs 1092 due in 3 years at 12% simple interest?

 A) Rs.325 B) Rs.545 C) Rs.560 D) Rs.550

Explanation:

Let each instalment be Rs.x .

1st year =  [x + (x * 12 * 2)/100]

2nd year = [ x + (x *12 * 1)/100]

3rd year = x

Then, [x + (x * 12 * 2)/100] + [ x + (x *12 * 1)/100] + x =1092

3x + ( 24x/100 ) + ( 12x/100 )  = 1092

336x =109200

Therefore, x = 325

Each instalment = Rs. 325

54 18836
Q:

In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10

 A) 1.5 B) 2.5 C) 3.5 D) 4.5

Explanation:

Let the time be 'n' years, Then

n = 3/2 or n= 1$\frac{1}{2}$ Years

55 17019
Q:

The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is

 A) 2 years B) 2.5 years C) 3 years D) 4 years

Explanation:

Amount = Rs.(30000+4347) = Rs.34347

let the time be n years

Then,30000(1+7/100)^n = 34347

(107/100)^n = 34347/30000 = 11449/10000 = (107/100)^2

$\inline \fn_cm \therefore$n = 2years

27 16186
Q:

Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, If both are numerically equal.

 A) Rate = 7% and Time = 7 years. B) Rate = 8% and Time = 8 years. C) Rate = 6% and Time = 6 years. D) Rate = 5% and Time = 5 years.

Answer & Explanation Answer: B) Rate = 8% and Time = 8 years.

Explanation:

Let sum = X. Then S.I = 16x/25

Let rate = R% and Time = R years.

Therefore,  (x * R * R)/100 = 16x/25   =>  R = 40/5 = 8

Therefore, Rate = 8% and Time = 8 years.

20 12756
Q:

A certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3 ½  years. Find the sum and the rate of interest.

 A) 800, 14% B) 800, 13% C) 800, 12% D) 800, 19%

Explanation:

S.I. for 1 ½ years = Rs (1164 - 1008) = Rs 156 .

S.I. for 2 years = Rs (156 x $\frac{2}{3}$ x 2)= Rs 208.

Therefore, Principal = Rs (1008 - 208) = Rs 800.

Now, P = 800, T= 2 and S.I. = 208.

Therefore, Rate = (100 x S.I.) / (P x T) = [ (100 x 208)/(800 x 2)]% = 13%