Aptitude and Reasoning Questions

Q:

What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

A) 11572.71 B) 11876
C) 189756 D) 11576
 
Answer & Explanation Answer: A) 11572.71

Explanation:

 

 

A=R[(1+i)^n-1]/i(1+i)^n

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0 3633
Q:

In the given figure, PQRS is a square of side 8 cm. PQO = 60 deg. What is the area (in sq.cm) of the triangle POQ?

A) 32√3 B) 24[(√3) – 1]
C) 48[(√3) – 1] D) 16[3 – (√3)]
 
Answer & Explanation Answer: D) 16[3 – (√3)]

Explanation:
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Q:

By selling 90 pens for Rs 80 a man loses 20%. What should be the selling price (in Rs) of 90 pens for 20% profit?

A) 90 B) 100
C) 110 D) 120
 
Answer & Explanation Answer: D) 120

Explanation:
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Filed Under: Profit and Loss
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12 3631
Q:

Choose the alternative where the third segment in the statement can be logically deduced using both the preceding two, but not just from one of them.

I. All IIMs are in India. No BIMs are in India. No IIMs are BIMs

II. All IIMs are in India. No BIMs are in India .No BIMs are IIMs

III. Some IIMs are not in India. Some BIMs are not in India. Some IIMs are BIMs.

IV. Some IIMs are not in India. Some BIMs are not in India. Some BIMs are IIMs.

A) I Only B) II Only
C) I and II D) III and IV
 
Answer & Explanation Answer: C) I and II

Explanation:
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1 3630
Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 8.4

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

Explanation:

m=j/i

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0 3630
Q:

Given a principal of $12,000 with a compound amount of $17,631.94 and interest rate of 8% compounded anually,what is the time peroid in years?

A) 3years B) 4years
C) 5years D) 6years
 
Answer & Explanation Answer: C) 5years

Explanation:

M=P(1+i)^n

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0 3627
Q:

The true discount on Rs.1600 due to after a certain of 5% per annum is Rs.160. The time after which it is due is

A) 27months B) 23months
C) 20months D) 12months
 
Answer & Explanation Answer: A) 27months

Explanation:

P.W. = Rs. (1600 - 160) = Rs. 1440
∴ S.I. on Rs.1440 at 5% is Rs. 160.
∴ Time = [100 * 160 / 1440 * 5] = 20/9 years = [20/9 * 12] months = 27 months.

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0 3626
Q:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33% B) 10.33%
C) 11.33% D) 12.33%
 
Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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