Aptitude and Reasoning Questions

Q:

A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year

A) Rs.5624.32 B) Rs.5423
C) Rs.5634 D) Rs.5976
 
Answer & Explanation Answer: A) Rs.5624.32

Explanation:

 

 

 

5% is the rate of interest. 20% of the interest amount is paid as tax.

 

i.e  80% of the interest amount stays back.

 

 if we compute the rate of interest as 80% of 5% = 4% p.a., we will get the same value.

  

The interest accrued for 3 years in compound interest = 3 x simple interest on principal + 3 x interest on simple interest + 1 x interest on interest on interest.

 

= 3 x (200) + 3 x (8) + 1 x 0.32 =600 + 24 + 0.32 = 624.32

 

 

 

The amount at the end of 3 years = 5000 + 624.32 = 5624.32

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

26 24759
Q:

How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

A) 65years B) 56years
C) 45years D) 57years
 
Answer & Explanation Answer: B) 56years

Explanation:

Simple interest is given by the formula SI = (pnr/100), where p is the principal, n is the numberof years for which it is invested, r is the rate of interest per annum

 

In this case, Rs. 1250 has become Rs.10,000.

 

Therefore, the interest earned = 10,000 – 1250 = 8750.

 

8750 = [(1250 x n x 12.5)/100]

 

=> n = 700 / 12.5 = 56 years.

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Filed Under: Simple Interest
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Q:

Arrange the given words in the sequence in which they occur in the dictionary.

i. Ramification
ii. Rampant
iii. Rapport
iv. Radical

 

A) iii, i, iv, ii B) iv, i, iii, ii
C) iv, i, ii, iii D) iii, iv, i, ii
 
Answer & Explanation Answer: C) iv, i, ii, iii

Explanation:
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Filed Under: Logical Sequence of Words
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Q:

If 8 men can reap 80 hectares in 24 days , then how many hectares can 36 men reap in 30 days?

A) 350 B) 400
C) 425 D) 450
 
Answer & Explanation Answer: D) 450

Explanation:

Let the required no of hectares be x. Then 

More men, More hectares      (Direct proportion)

More days, More hectares      (Direct proportion)

 Men8 : 36Days24:30 80 :x

=> ( 8 * 24 * x) = (36 * 30 * 80)

=>  x= 450

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Filed Under: Chain Rule

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Q:

Three persons A, B and C are standing in a queue. There are five persons between A and B and eight persons between B and C. If there be three persons ahead of C and 21 persons behind A, what could be the minimum number of persons in the queue?

A) 41 B) 40
C) 28 D) 27
 
Answer & Explanation Answer: C) 28

Explanation:

Three persons A, B, C can be arranged in a queue in six different ways, ie ABC, CBA, BAC, CAB, BCA, ACB. But since there are only 3 persons ahead of C, so C should be in front of the queue. Thus, there are only two possible arrangements, ie CBA and CAB.

 

We may consider the two cases as under:

Case I:  3C8B5A21

 

Clearly, number of persons in the queue = (3+1+8+1+5+1+21=) 40

 

Case II:  3C A5B

 

Number of persons between A and C                  

 

= (8 - 6) = 2   

[C8B A21B]

 

Clearly number of persons in the queue = (3+1+2+1+21) = 28

 

Now, 28 < 40. So, 28 is the minimum number of persons in the queue.                                                     

 

 

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Q:

Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam.

A) 3567 B) 3452
C) 3087 D) 3544
 
Answer & Explanation Answer: C) 3087

Explanation:

Shyam's share * (1+0.05)9 = Ram's share * (1 + 0.05)11

Shyam's share / Ram's share = (1 + 0.05)11 / (1+ 0.05)9 = (1+ 0.05)2 = 441/400

Therefore Shyam's share = (441/841) * 5887 = 3087

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Filed Under: Compound Interest
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Q:

Which of the following terms follows the trend of the given list?

 

XYXYZXYXY, XYXYXYZXY, XYXYXYXYZ, ZXYXYXYXY, XYZXYXYXY, _______________.

 

A) XYXYZXYXY B) XYZXYXYXY
C) XYXYXZYXY D) XYXYXYZXY
 
Answer & Explanation Answer: A) XYXYZXYXY

Explanation:
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Filed Under: Alphabet Test
Exam Prep: Bank Exams

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Q:

The H.C.F and L.C.M of two numbers are  84 and 21 respectively.  If the ratio of the two numbers is 1 : 4 , then the larger of the two numbers is 

A) 12 B) 48
C) 84 D) 108
 
Answer & Explanation Answer: C) 84

Explanation:

Let the numbers be x and 4x. Then,  x×4x=84×21  x2=84×214 x=21 

Hence Larger Number = 4x = 84

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Filed Under: HCF and LCM

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