Aptitude and Reasoning Questions

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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Filed Under: Simple Interest
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10 6102
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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Filed Under: Number Series
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14 6098
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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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

5 6094
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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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

0 6092
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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Filed Under: Percentage
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9 6087
Q:

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

A) 625 B) 635
C) 645 D) 655
 
Answer & Explanation Answer: A) 625

Explanation:

Let the sum be Rs. x. Then

C.I=x[1+4/100)^2-x]=[626/675x-x]

S.I=x^2/25

C.I-S.I=1

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Filed Under: Compound Interest
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0 6085
Q:

If three groups could be formed using the given figures only once, these groups would be ___.

 

 

 

A) (1,9,6), (2,5,7) and (3,4,8) B) (1,9,6), (2,4,7) and (3,5,8)
C) (1,5,6), (3,4,7) and (2,9,8) D) (1,9,6), (2,4,8) and (3,5,7)
 
Answer & Explanation Answer: B) (1,9,6), (2,4,7) and (3,5,8)

Explanation:
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1 6083
Q:

Which of the following year is a leap year?

A) 2500 B) 1700
C) 1900 D) 2400
 
Answer & Explanation Answer: D) 2400

Explanation:

NOTE: For a century year,it is divided by 400 and leaving a ramainder of 0 results a leap year.

So,2400 when divided by 400 leaves a remainder 0.

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Filed Under: Calendar

7 6083