Aptitude and Reasoning Questions

Q:

Rondell's parents borrow $6,300 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan?

A) 556 B) 665
C) 756 D) 856
 
Answer & Explanation Answer: C) 756

Explanation:

I=prt

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Q:

Two equal sums were lent, one at the rate of 11% per annum for five years and the other at the rate of 8% per annum for six years, both under simple interest. If the difference in interest accrued in the two cases is Rs 1008. Find the sum?

A) Rs. 14,400 B) Rs. 15,600
C) Rs. 14,850 D) Rs. 15,220
 
Answer & Explanation Answer: A) Rs. 14,400

Explanation:

Let the required Sum = Rs.S

 From the given data,

 1008 = [(S x 11 x 5)/100] - [(S x 8 x 6)/100]

 => S = Rs. 14,400.

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Q:

On Rs. 3500 invested at a simple interest rate of 7 per cent per annum, Rs. 500 is obtained as interest in certain years. In order to earn Rs. 800 as interest on Rs. 4900 in the same number of years, what should be the rate of simple interest?

A) 8% B) 7.5%
C) 9% D) 8.5%
 
Answer & Explanation Answer: A) 8%

Explanation:

From the given data,

3500x7xt/100 = 500

=> t = 100/49 years

Now, in the second case

The interest per year = 49/100 x 800 = 392

 => 4900 x 1 x r/100 = 392

=> r = 8%

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Q:

How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?

A) 9007 B) 4007
C) 7007.08 D) 8oo7
 
Answer & Explanation Answer: C) 7007.08

Explanation:

FV=P(1+r/n)^nt

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Q:

In following question, a number series is given with one term missing. Choose the correct alternative for these sequence.

24, 60, 120, 210, ?

A) 336 B) 330
C) 300 D) 370
 
Answer & Explanation Answer: A) 336

Explanation:


3 x 3 x 3 = 27 - 3 = 24

4 x 4 x 4 = 64 - 4 = 60

5 x 5 x 5 = 125 - 5 = 120

6 x 6 x 6 = 216 - 6 = 210

7 x 7 x 7 = 343 - 7 = 336

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Q:

74.99% of 1299 + 8.98% of 1899 = ? 

A) 1378 B) 1301
C) 1212 D) 1197
 
Answer & Explanation Answer: C) 1212

Explanation:

74.99% of 1299 + 8.98% of 1899 = ? 

? = 75 x 1400100 + 9 x 1800100 ? = 1050 + 162? = 1212.

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Q:

You deposit $300 in a savings account that pays 4% simple annual interest. Find your account balance after 9 months.

A) 309 B) 409
C) 609 D) 509
 
Answer & Explanation Answer: A) 309

Explanation:

A = P + Prt

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Q:

Aadi can do a piece of work in 12 days alone, Bunny can do the same work in 16 days alone. After Aadi has been working for 5 days and Bunny for 7 days, Charan finishes it in 14 days. In how many days will Charan alone be able to do the work?

A) 96 days B) 48 days
C) 24 days D) 12 days
 
Answer & Explanation Answer: A) 96 days

Explanation:

Let number of days Charan can do the same work alone is 'd' days.

According to the given data,

512 + 716 + 14d = 114d = 1 - 20 + 214814d = 48 - 4148d = 14 x 487d = 96 days

 

Therefore, Charan alone can complete the work in 96 days.

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Filed Under: Time and Work
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