Quantitative Aptitude - Arithmetic Ability Questions

Q:

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A) 8695 B) 7695
C) 3695 D) 4695
 
Answer & Explanation Answer: A) 8695

Explanation:

Given: j = 4%, m=  12, FV = $10,000, Term=  3.5 years
Then n  =m  *Term  12(3.5)  42

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

If x / y is an integer, which of the following statements need NOT always be true?

A) both x and y are integers B) only x is a integer
C) both are negative D) none
 
Answer & Explanation Answer: A) both x and y are integers

Explanation:

In case (A), x and y could, for example, both be equal fractions and x/y would be an integer.

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Filed Under: Numbers
Exam Prep: GRE

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Q:

In an army selection process, the ratio of selected to unselected candidates was 6:1. If 30 less had applied and 10 less selected, the ratio of selected to unselected would have been 7:1. How many candidates had applied for the process?

A) 910 B) 1820
C) 455 D) 2730
 
Answer & Explanation Answer: A) 910

Explanation:
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Filed Under: Ratios and Proportions
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

One card is drawn from deck of 52 cards, each of the 52 cards being equally likely to be drawn. Find the probability that the ball drawn is red.

A) 1/3 B) 1/2
C) 1/4 D) 1/6
 
Answer & Explanation Answer: B) 1/2

Explanation:

Total number of elementary events = 52

 

There are 26 red cards,out of which one red card can be drawn in 26C1 ways =26.

 

So,required probability = 26/52 = 1/2

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Q:

From well shuffled standard pack of 52 playing cards,one card is drawn. What is the probability that it is either a red card or black card?

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

Explanation:

P(red cards)=26/52

P(black cards)=26/52

P(red or black cards)=26/52+26/52=1

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Q:

A drum contains 80 litres of ethanol. 20 litres of this liquid is removed and replaced with water. 20 litres of this mixture is again removed and replaced with water. How much water (in litres) is present in this drum now?

A) 45 B) 40
C) 35 D) 44
 
Answer & Explanation Answer: C) 35

Explanation:
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Filed Under: Alligation or Mixture
Exam Prep: Bank Exams

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Q:

X starts a business with Rs 80000. After 6 months Y joins X with Rs 100000. After 2 years, what will be the ratio of profit of X and Y?

A) 16 : 15 B) 4 : 5
C) 8 : 9 D) 14 : 15
 
Answer & Explanation Answer: A) 16 : 15

Explanation:
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Filed Under: Partnership
Exam Prep: Bank Exams

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Q:

A loan is made for $3500 with an interest rate of 9% and payments made annually for 4 years. What is the payment amount?

A) 8906 B) 1089
C) 1070 D) 1080.34
 
Answer & Explanation Answer: D) 1080.34

Explanation:

 

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

 

 

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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