Aptitude and Reasoning Questions

Q:

Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simon’s account at the end of 2 years?

A) 424.36 B) 524.56
C) 545.36 D) 456.36
 
Answer & Explanation Answer: A) 424.36

Explanation:

I=Prt

 

I=12

 

Balance = P +Prt

 

412

 

Find the balance at the end of the second year.

 

I = Prt=12.36

 

Balance =P + Prt

 

424.36

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

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Q:

The TrueDiscount on a certain sum of money due 3 years hence is Rs.250 and SimpeInterest on the same sum for same time and same rate is Rs375. Find sum and rate%?

A) (16 + 4/3)% B) (16 +1/3)%
C) (16 + 5/3)% D) (16 + 2/3)%
 
Answer & Explanation Answer: D) (16 + 2/3)%

Explanation:

sum = [(S.I x T.D)/(S.I-T.D)] = Rs. [(375 x 250)/(375-250)] = Rs.750 

Rate = (100 x 375)/(750 x 3) =1623 %

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Filed Under: True Discount

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Q:

What is the true discount on a bill of Rs.2916 due in 3 years hence at 8% C.I.?

A) Rs.600 B) Rs.601
C) Rs.602 D) Rs.603
 
Answer & Explanation Answer: C) Rs.602

Explanation:

PW = Amount1+R100T 

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Filed Under: True Discount
Exam Prep: Bank Exams
Job Role: Bank PO

27 5536
Q:

From a deck of 52 cards, a 5 card hand is dealt.How many distinct hands can be formed if there are atleast 2 queens?

A) 103336 B) 120000
C) 108336 D) 108333
 
Answer & Explanation Answer: C) 108336

Explanation:

The total possible cases would be a 5 card hand with no restrictions :52C5 5

 

The unwanted cases are:

 

no queens(out of 48 non-queens cards we get 5) 48C5

 

only 1 queen(out of 4 queens we get 1,and out of 48 non-queens we get 4) 4C1*48C4

 

Therefore,52C5-(48C5+4C1*48C4) = 108336

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Q:

Select the Answer Figure that correctly fits in the blank space in the given Problem Figure.

 

 

 

A) D B) B
C) C D) A
 
Answer & Explanation Answer: A) D

Explanation:
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Filed Under: Pattern Completion
Exam Prep: Bank Exams

0 5530
Q:

 It was Sunday on Jan 1, 2006. What was the day of the week Jan 1, 2010?

A) Sunday B) Saturday
C) Friday D) Wednesday
 
Answer & Explanation Answer: C) Friday

Explanation:

On 31st December, 2005 it was Saturday.

 

 

 

Number of Odd days from the year 2006 to the year 2009 = (1+1+2+1)=5 days.

 

 

 

 On 31st december 2009, It was Thursday

 

 

 

Thus, on 1st Jan, 2010 it is Friday.

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Filed Under: Calendar

6 5530
Q:

In an exhibition, Almond bought a painting for Rs. 20000. He later sold it to Olive for Rs. 23000. Olive sold it to Sarah for double the profit percentage that Almond earned. At what price should Sarah sell this painting to earn 8% profit ?

A) Rs. 34,410 B) Rs. 31,184
C) Rs. 29,999 D) Rs. 32,292
 
Answer & Explanation Answer: D) Rs. 32,292

Explanation:

Almond Selling price = CP(1 + P%/100)

=> CP = 20000, SP = 23000

=> 23000 = 20000 (1 + P/100)

=> P% = 100(23000/20000 - 1) = 15

Then, Olive's P% = 30%

SP for Olive = CP for Sarah = 23000(1 + 30/100) = 29900

Now Sarah wants to earn profit of 8%

=> Sp for Sarah = 29900(1 + 8/100)

= Rs. 32,292.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

11 5526
Q:

Consider the given argument and decide which of the given assumptions is/are implicit.

Argument :
All girls love reading novels.

Assumptions :
1. Novels are the only reading materials.
2. No girl loves to read other materials.

 

A) Both assumptions 1 and 2 are implicit B) Only assumption 1 is implicit
C) Neither assumption 1 nor 2 is implicit D) Only assumption 2is implicit
 
Answer & Explanation Answer: C) Neither assumption 1 nor 2 is implicit

Explanation:
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Filed Under: Statement and Assumptions
Exam Prep: Bank Exams

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