Quantitative Aptitude - Arithmetic Ability Questions

Q:

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

A) 1710.29 B) 2710.29
C) 3710.29 D) 4710.29
 
Answer & Explanation Answer: C) 3710.29

Explanation:

i=j/m

n =m(Term) = 2(15.5)  =31

Fair market value  Present value of the face value

 =FV(1+  i)^-n

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Filed Under: Compound Interest
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Q:

Joel travels the first 3 hours of his journey at 60 mph speed and the remaining 5 hours at 24 mph speed. What is the average speed of Joel's travel in kmph ?

A) 38 kmph B) 40 kmph
C) 60 kmph D) 54 kmph
 
Answer & Explanation Answer: C) 60 kmph

Explanation:

Average speed = Total distance / Total time.

Total distance traveled by Joel = Distance covered in the first 3 hours + Distance covered in the next 5 hours.

Distance covered in the first 3 hours = 3 x 60 = 180 miles
Distance covered in the next 5 hours = 5 x 24 = 120 miles

Therefore, total distance traveled = 180 + 120 = 300 miles.

Total time taken = 3 + 5 = 8 hours.

Average speed = 300/8 = 37.5 mph.

we know that 1 mile = 1.6 kms

=> 37.5 miles = 37.5 x 1.6 = 60 kms

Average speed in Kmph = 60 kmph.

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Filed Under: Time and Distance
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Q:

In a box, there are 9 blue, 6 white and some black stones. A stone is randomly selected and the probability that the stone is black is ¼. Find the total number of stones in the box? 

A) 15 B) 18
C) 20 D) 24
 
Answer & Explanation Answer: C) 20

Explanation:

We know that, Total probability = 1

Given probability of black stones = 1/4

=> Probability of blue and white stones = 1 - 1/4 = 3/4

But, given blue + white stones =  9 + 6 = 15

Hence,

3/4 ----- 15

 1   -----  ?

=> 15 x 4/3 = 20.

 

Hence, total number of stones in the box = 20.

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Filed Under: Probability
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Q:

Determine the total number of five-card hands that can be drawn from a deck of 52 cards.

A) 2589860 B) 2598970
C) 2598960 D) 2430803
 
Answer & Explanation Answer: C) 2598960

Explanation:

When a hand of cards is dealt, the order of the cards does not matter. If you are dealt two kings, it does not matter if the two kings came with the first two cards or the last two cards. Thus cards are combinations. There are 52 cards in a deck and we want to know how many different ways we can put them in groups of five at a time when order does not matter. The combination formula is used.

C(52,5) = 2,598,960

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Q:

Mohan was married 5 years ago. At present his age is 6/5 times of his age at the time of marriage. His wife is 3 year younger to him. Find his wife’s present age?

A) 21 yrs B) 24 yrs
C) 27 yrs D) 30 yrs
 
Answer & Explanation Answer: C) 27 yrs

Explanation:

Let Mohan present age = p

ATQ,

5/6 x p = p - 5

p = 30

His wifes age = 30 - 3 = 27 yrs.

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Filed Under: Problems on Ages
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Q:

Solve this inequality 3b - 7 < 32?

A) b = 13 B) b < 13
C) b > = 13 D) b < = 13
 
Answer & Explanation Answer: B) b < 13

Explanation:

The given 3b - 7 < 32 can be solved as

3b - 7 < 32

3b < 39

b < 13.

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Filed Under: Simplification
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12 5059
Q:

The G.C.D of 1.08, 0.36 and 0.9 is

A) 0.9 B) 0.36
C) 0.18 D) 1.08
 
Answer & Explanation Answer: C) 0.18

Explanation:

G.C.D is nothing but H.C.F

 

Given numbers are 1.08 , 0.36 and 0.90

 

we can take as 108, 36 and 90 

 

Then required H.C.F is 18.

 

Therefore, H.C.F of given numbers is 0.18.

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Filed Under: HCF and LCM
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Q:

The calendar for the year 2007 will be the same for the year ?

A) 2014 B) 2019
C) 2021 D) 2018
 
Answer & Explanation Answer: D) 2018

Explanation:

Count the number of odd days from the year 2007 onwards to get the sum equal to 0 odd day.

Year : 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Odd day : 1 2 1 1 1 2 1 1 1 2 1

Sum = 14 odd days => 0 odd days.
Calendar for the year 2018 will be the same as for the year 2007.

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Filed Under: Calendar
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