Quantitative Aptitude - Arithmetic Ability Questions

Q:

Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% ?

A) Rs. 300 B) Rs. 400
C) Rs. 1200 D) Rs. 1100
 
Answer & Explanation Answer: C) Rs. 1200

Explanation:

Let Althaf lent Rs. A at 14% per year.
Hence, Money lent at 12% = (1500-A);
Given, total interest = Rs. 186.
{(A x 14x 1)/100} + {[(1500-A) x 12 x 1/100]} = 186;
14A/100 + (18000 -12A)/100 = 186;
14A + 18000 - 12A = 186x100;
2A = 18600-18000;
A = 600/2 = Rs. 300.
Hence, money lent at 12% = 1500-300 = Rs. 1200.

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Filed Under: Simple Interest
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1 5107
Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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Filed Under: Compound Interest
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0 5100
Q:

What is the difference between the compound interests on Rs. 5000 for 11⁄2 years at 4% per annum compounded yearly and half-yearly?

A) Rs. 1.80 B) Rs. 2.04
C) Rs. 3.18 D) Rs. 4.15
 
Answer & Explanation Answer: B) Rs. 2.04

Explanation:

Compound Interest for 1 12 years when interest is compounded yearly = Rs.(5304 - 5000)


Amount after 112 years when interest is compounded half-yearly 


Compound Interest for 1 12 years when interest is compounded half-yearly = Rs.(5306.04 - 5000)


Difference in the compound interests = (5306.04 - 5000) - (5304 - 5000)= 5306.04 - 5304 = Rs. 2.04

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17 5099
Q:

If 10 men take 15 days to complete a work. In how many days will 37 men complete the work?

A) 3 days B) 4 days
C) 5 days D) 6 days
 
Answer & Explanation Answer: B) 4 days

Explanation:

Given 10 men take 15 days to complete a work

=> Total mandays = 15 x 10 = 150

Let the work be 150 mandays.

=> Now 37 men can do 150 mandays in 150/37 =~ 4 days

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Filed Under: Time and Work
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Q:

A woman fills a bucket in 6 minutes. 1845 buckets have to be filled from 8 am. to 9:30 am. How many woman employees should be employed for this task?

A) 111 B) 117
C) 123 D) 139
 
Answer & Explanation Answer: C) 123

Explanation:

We know that, M1 × D1W1 = M2 × D2W2

Here M1 = 1, D1 = 6 min, W1 = 1 and M2 = M, D2 = 90 min, W2 = 1845

 

1 × 61 = M × 901845 

=> M = 123

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Filed Under: Time and Work
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8 5091
Q:

The number of solutions of the equation logx2x2+40log4xx-14log16xx3=0 is:

A) 0 B) 1
C) 2 D) 3
 
Answer & Explanation Answer: D) 3

Explanation:
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Filed Under: Logarithms
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14 5087
Q:

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time

A) Rs.51.25 B) Rs.61.25
C) Rs.51 D) Rs.42
 
Answer & Explanation Answer: A) Rs.51.25

Explanation:

Sum = Rs.(50*100)/2*5=Rs.500

Amount=Rs.[500*(1+5/100)2]

= Rs. 551.25

 

 C.I = Rs.(551.25-500)= Rs.51.25

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Filed Under: Compound Interest
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0 5084
Q:

Find the odd man out 1 4 9 16 22 36?

A) 9 B) 16
C) 22 D) 36
 
Answer & Explanation Answer: C) 22

Explanation:

In the given series 1 4 9 16 22 36

1 = 1 x 1 

4 = 2 x 2

9 = 3 x 3

16 = 4 x 4

25 = 5 x 5 (Not 22)

36 = 6 x 6

 

Hence, the odd man in the series is 22.

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Filed Under: Odd Man Out
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