Quantitative Aptitude - Arithmetic Ability Questions

Q:

Find the finance charge for an average daily balance of $8431.10 with monthly interest rate of 1.4%

A) 98.04 B) 88.04
C) 68.04 D) 118.04
 
Answer & Explanation Answer: D) 118.04

Explanation:

0.014*8431.10

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

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Q:

The average age of Hari, his wife and their two children is 23 years. His wife is just 4 years younger than Hari and his wife was 20 years old when their daughter was born. He was 28 years old when their son was born. What is the sum of the age of Hari and his daughter is?

A) 53 years B) 55 years
C) 56 years D) 50 years
 
Answer & Explanation Answer: D) 50 years

Explanation:
H+W+S+D/4 = 23
H= W+4

D =W-20 = H-24

S = H-28

H+H-4+H-24+H-28/4 = 23

H =37 D =13

H + D = 50

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Filed Under: Problems on Ages
Exam Prep: Bank Exams

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Q:

A and B started a partnership business investing in the ratio of 3 : 8. C joined them after 4 months with an amount equal to 3/4th of B. What was their profit (in Rs) at the end of the year if C got Rs 24,000 as his share?

A) 120000 B) 150000
C) 90000 D) 180000
 
Answer & Explanation Answer: C) 90000

Explanation:
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Filed Under: Partnership
Exam Prep: Bank Exams

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Q:

A boy multiplied 987 by a certain number and obtained 559981 as his answer. If in the answer both 98 are wrong and the other digits are correct, then the correct answer would be ?? please explain in detail

A) 553681 B) 555181
C) 555681 D) 556581
 
Answer & Explanation Answer: C) 555681

Explanation:
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Q:

A and B entered into a partnership with Rs.800 and Rs.1600 respectively. From 9th months onward they each decided to invest Rs.100 more on starting of each month. If total annual profit is Rs.7700 then find the profit share of A.

A) Rs.2550 B) Rs.3200
C) Rs.2650 D) Rs.2450
 
Answer & Explanation Answer: C) Rs.2650

Explanation:

A : B = (800 × 8+ 900+ 1000+ 1100+ 1200): (1600 × 8+ 1700+ 1800+ 1900+ 2000)
A : B = 53 : 101
Profit of A ⇒ 7700 ×53/154 = 2650 Rs.

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Q:

When I was 24, my mother was twice my age. Now I am 44, how old is my mother?

A) 84 B) 48
C) 68 D) 88
 
Answer & Explanation Answer: C) 68

Explanation:

From the given data,

when my age is 24, my mothers age is double of my age 

=> 48 yrs is my mothers age

=> Difference is 48 - 24 = 24 years.

 

When my age is 44

=> My mother is 44 + 24 = 68 years aged.

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Filed Under: Problems on Ages
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

A rice trader buys 25 quintals of rice for Rs 1,825. 27% rice is lost in transportation. At what rate should he sell to earn 20% profit?

A) Rs 44.4 per quintal B) Rs 120 per quintal
C) Rs 87.6 per quintal D) Rs 115.8 per quintal
 
Answer & Explanation Answer: B) Rs 120 per quintal

Explanation:
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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Three partners A, B and C share profit such that three times the share of A is equal to two times the share of B and equal to 12 times the share of C. What is the ratio of the profits of A, B and C respectively?

A) 3 : 2 : 12 B) 12 : 2 : 3
C) 4 : 6 : 1 D) 1 : 6 : 4
 
Answer & Explanation Answer: C) 4 : 6 : 1

Explanation:
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Filed Under: Partnership
Exam Prep: Bank Exams

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