Quantitative Aptitude - Arithmetic Ability Questions

Q:

What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

A) 11572.71 B) 11876
C) 189756 D) 11576
 
Answer & Explanation Answer: A) 11572.71

Explanation:

 

 

A=R[(1+i)^n-1]/i(1+i)^n

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Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 8.4

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

Explanation:

m=j/i

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Q:

The ratio of the members of blue to red balls in abag is constant. When there were 44 red balls, the number of blue balls was 36. If the number of blue balls is 54, how many red balls will be in the bag?

A) 68 B) 32
C) 64 D) 66
 
Answer & Explanation Answer: D) 66

Explanation:
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Filed Under: Permutations and Combinations
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Q:

What is the value of 729+72.9+7.29

A) 30.5 B) 32.33
C) 35.6 D) 38.23
 
Answer & Explanation Answer: D) 38.23

Explanation:
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Q:

In the following question, select the odd word from the given alternatives.

A) Badminton B) Table Tennis
C) Cricket D) Hockey
 
Answer & Explanation Answer: A) Badminton

Explanation:
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Q:

Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

A) 22681.19 B) 23456
C) 44577 D) 25685
 
Answer & Explanation Answer: A) 22681.19

Explanation:

 

 

S=R[(1+i)^n-1)/i]

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Q:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33% B) 10.33%
C) 11.33% D) 12.33%
 
Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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Q:

The true discount on Rs.1600 due to after a certain of 5% per annum is Rs.160. The time after which it is due is

A) 27months B) 23months
C) 20months D) 12months
 
Answer & Explanation Answer: A) 27months

Explanation:

P.W. = Rs. (1600 - 160) = Rs. 1440
∴ S.I. on Rs.1440 at 5% is Rs. 160.
∴ Time = [100 * 160 / 1440 * 5] = 20/9 years = [20/9 * 12] months = 27 months.

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