Aptitude and Reasoning Questions

Q:

Calculate the periodic interest rate corresponding to:9.0% compounded quarterly

A) 3.45 B) 2.25
C) 5.25 D) 6.25
 
Answer & Explanation Answer: B) 2.25

Explanation:

i=j/m

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

0 4043
Q:

A man’s average monthly expenditure for the first four months of the year was Rs. 231.25. For the next five months, the average monthly expenditure was Rs. 22.75 more than what it was during the first four months. If the person spent Rs. 605 in all during the remaining three months of the year, find what percentage of his annual income of Rs. 3500 did he save in the year?

A) 10% B) 15%
C) 20% D) 25%
 
Answer & Explanation Answer: C) 20%

Explanation:

A man's average monthly expenditure for the first four months of the year = Rs.231.25.
For four month = 231.25 * 4 = Rs. 925
For next five month he spend = 231.25 + 22.75 for one month.
In five month he spend = (231.25 + 22.75) X 5 = 1270
If the person spent Rs. 605 in all during the remaining three months of the year,
Total expense = 925+1270+605= 2800
Saving = 3500-2800 = 700
% saving = 700/3500 * 100 = 20%

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Filed Under: Percentage
Exam Prep: Bank Exams

1 4040
Q:

The B.D. and T.D. on a certain sum is Rs.200 and Rs.100 respectively. Find out the sum.

A) Rs. 400 B) Rs. 300
C) Rs. 100 D) Rs. 200
 
Answer & Explanation Answer: D) Rs. 200

Explanation:

F=BD×TDBD-TD=200×100200-100=200×100100=Rs.200

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Filed Under: Banker's Discount

1 4040
Q:

Suresh starts working as a analyst on an annual salary of Rs. 160000. If he receives a 15% pay-rise each year, the number of years he has worked for the company, when his annual salary became Rs. 279841 is

A) 3.5 yrs B) 4 yrs
C) 4.5 yrs D) 5 yrs
 
Answer & Explanation Answer: B) 4 yrs

Explanation:

From the given data in the question,

279841 = 160000 x 1+15100t279841160000 = 115100t

t = 4 years.

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

6 4039
Q:

The difference between Simple Interest and Compound Interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if interest is compounded annually?

A) Rs. 25000 B) Rs. 2500
C) Rs. 50000 D) Rs. 5000
 
Answer & Explanation Answer: B) Rs. 2500

Explanation:

Let the principal amount be Rs. x
Calculating SI:
SI for 1 year at 12% rate is Rs (12/100)*x. For 3 years it will be Rs (36/100)*x ------ (1)
Calculating CI:
For 1st year, Interest = (12/100)*x
For 2nd year, interest = (12/100)*x + (12/100)*x + (144/10000)*x
For 3rd year, interest = (12/100)*x + (12/100)*x + (12/100)*x + (144/10000)*x + (144/10000)*x + (1728/1000000)*x. ------ (2)
Subtracting equation 2 and 1 and solving further,
312*144*x/1000000 = 112.32
X = Rs 2500.
Alternative way: Using formula for Difference
between CI and SI for 3 years

we can also use the above formula to find the value of P.

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , GATE

3 4038
Q:

Find the cost of Rs. 6400, 10% stock at 15 discount?

A) 2000 B) 5440
C) 6000 D) 5140
 
Answer & Explanation Answer: B) 5440

Explanation:

Cost of Rs. 100 stock   = Rs. (100-15)

 

Cost of Rs. 6400 stock = Rs.85100*6400 = Rs. 5440.

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Filed Under: Stocks and Shares

1 4033
Q:

Pointing to a lady , a man said," The son of her only brother is the brother of my wife."How is the lady related to the man ?

A) sister of father-in-law B) sister
C) mother D) mother-in-law
 
Answer & Explanation Answer: A) sister of father-in-law

Explanation:

Brother of person's wife → brother-in-law of the person. Hence, the son of lady's brother is brother-in-law of the person.

Therefore, the brother of the lady is the father-in-law of the person. Hence, the lady is the sister of the person's father-in-law.

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Filed Under: Blood Relations
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
Job Role: Bank Clerk , Bank PO

9 4032
Q:

From container A containing 54 liter of mixture of milk and water in ratio of 8 : 1 , 18 liter of the mixture is taken out and poured into container B in which ratio of milk to water is 3 : 1. If difference between total milk and total water in container B is 30 liter then find the quantity of initial mixture in container B. 

A) 30 Liter  B) 28 Liter 
C) 32 Liter  D) 36 Liter 
 
Answer & Explanation Answer: C) 32 Liter 

Explanation:

Let initially milk and water in container B is 3x liter and x liter respectively

Now, 3x + (8/9) × 18 – x – (1/9) × 18 = 30

3x + 16 – x – 2 = 30

x = 8

Initial quantity is container B = 8 (3 + 1) = 32 Liter.

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Filed Under: Alligation or Mixture
Exam Prep: AIEEE , Bank Exams , CAT

7 4031