Aptitude and Reasoning Questions

Q:

A man travels 480 km in 4 hours, partly by air and partly by train. If he had travelled all the way by air, he would have saved 4/5 of the time he would have taken to travel by train and would have arrived at his destination 2 hours early. Find the distance he covered by travelling by train.

A) 80 km B) 120 km
C) 110 km D) 90 km
 
Answer & Explanation Answer: B) 120 km

Explanation:
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Filed Under: Time and Distance
Exam Prep: Bank Exams

23 4963
Q:

The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?

A) Rs. 4500 B) Rs. 6000
C) Rs. 5000 D) Rs. 4000
 
Answer & Explanation Answer: C) Rs. 5000

Explanation:

T = 4 years

R = 5%

Banker's Gain, BG = Rs.200

 

TD= BG×100TR=200×1004×5=Rs.1000

 

 TD=PW×BG

 

1000=PW×200

 

=>PW = Rs.5000

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Filed Under: Banker's Discount

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Q:

Three unbiased coins are tossed. What is the probability of getting at most two heads ?

A) 4/3 B) 2/3
C) 3/2 D) 3/4
 
Answer & Explanation Answer: D) 3/4

Explanation:

Let S be the sample space.
Here n(S)= 23 = 8
Let E be the event of getting atmost two heads. Then,
n(E) = {(H,T,T), (T,H,T), (T,T,H), (H,H,T), (T,H,H), (H,T,H)}
Required probability = n(E)/n(S) = 6/8 = 3/4.

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Filed Under: Probability
Exam Prep: GRE , GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

6 4960
Q:

In a particular week the average number of people who visited the Park is 40. If we exclude the holidays then the average is increased by 16. Further if we exclude also the day on which the maximum number of 112 people visited the Park, then the average becomes 42. The number of holidays in the week is

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

Explanation:
Total number of people = 40 * 7 = 280
(7 -n)*(40+16) = 280 
(7 -n)*56 = 280

7-n = 5

Number of holidays = 2

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Filed Under: Average
Exam Prep: Bank Exams

4 4959
Q:

Mr. and Mrs. Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds?

A) 2354.17 B) 2354
C) 2376 D) 2389
 
Answer & Explanation Answer: A) 2354.17

Explanation:

i=j/m

PV=  FV(1+  i)^-n 

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

1 4956
Q:

Find the least number to be added to 1739 so that it is exactly divisible by 11.

A) 11 B) 2
C) 1 D) 10
 
Answer & Explanation Answer: D) 10

Explanation:
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Filed Under: Problems on Numbers
Exam Prep: Bank Exams

1 4944
Q:

A merchant receives an invoice for a motor boat for $20 000 with terms 4/30, n/100. What is the highest simple interest rate at which he can afford to borrow money in order to take advantage of the discount?

A) 247.67 B) 237.67
C) 227.67 D) 215.67
 
Answer & Explanation Answer: A) 247.67

Explanation:

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

 

r=I/pt=21.73%

 

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

 

savings would be $20 000 − $19 752.33 = $247.67

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

1 4944
Q:

Shamma lends Rs.40,000 to two of her friends. She gives Rs.24,000 to the first at 8% p.a. simple interest. Shamma wants to make a profit of 10% on the whole. The simple interest rate at which she should lend the remaining sum of money to the second friend is:

A) 13% B) 8.5%
C) 9.5% D) 11.25%
 
Answer & Explanation Answer: A) 13%

Explanation:

The ratio of money she lended is

24000 : 16000 = 3 : 2

Let the rate of interest be R%

 

8%                   R%
     

           10

 

3          :           2

 

R = 13%.

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

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