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 Quantitative Aptitude - Arithmetic Ability Questions

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Q:

Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

A) 6 B) 7
C) 9 D) 11
 
Answer & Explanation Answer: A) 6

Explanation:

Let rate = R% and time = R years.

 

Then, (1200 x R x R) / 100 = 432

 

=> R = 6.

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Filed Under: Simple Interest
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Q:

The average age of Vishal and Raghavendra is 24 years. If a new person Veerender is also included, the average age is increased by 1.5 years. What is the age of Veerender?

A) 28.5 yrs B) 29.5 yrs
C) 30.5 yrs D) 27 yrs
 
Answer & Explanation Answer: A) 28.5 yrs

Explanation:

According to the given data,

(V + R)/2 = 24

Now, after joining of Veerender,

V + R + D)/3 = 25.5

Hence, Veerender Age = 3(25.5) - 2(24) = 76.5 - 48 = 28.5 years.

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Filed Under: Problems on Ages
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3 4562
Q:

From a group of 7 boys and 6 girls, five persons are to be selected to form a team, so that at least 3 girls are there in the team. In how many ways can it be done?

A) 427 B) 531
C) 651 D) 714
 
Answer & Explanation Answer: B) 531

Explanation:

Given in the question that, there are 7 boys and 6 girls. 

Team members = 5

Now, required number of ways in which a team of 5 having atleast 3 girls in the team = 

6C3  x 7C2  + 6C4 x 7C1 + 6C5= 6x5x43x2x1 x 7x62x1 + 6x5x4x34x3x2x1 x 7 + 6x5x4x3x25x4x3x2x1= 420 + 105 + 6= 531.

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Filed Under: Permutations and Combinations
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5 4562
Q:

Jason decides to borrow money for a holiday. If a personal loan is taken over 4 years with equal quarterly repayments at 12% p.a. flat rate (simple interest), calculate the effective rate of interest.

A) 22,588 B) 32.588
C) 42.588 D) 43.588
 
Answer & Explanation Answer: A) 22,588

Explanation:

Flat rate = 12%
n = 4 × 4
= 16

Effective rate =2n/(n+1) × flat rate

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Filed Under: Simple Interest
Exam Prep: Bank Exams
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Q:

A natural number, when divided by 9, 10, 12 or 15, leaves a remainder of 3 in each case. What is the smallest of all such numbers?

A) 183 B) 153
C) 63 D) 123
 
Answer & Explanation Answer: A) 183

Explanation:

LCM of 9,10,12,15 is 180
Smallest natural number to get remainder of 3 is (180 + 3) = 183

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Filed Under: HCF and LCM
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?

A) 2years B) 3years
C) 4years D) 5years
 
Answer & Explanation Answer: C) 4years

Explanation:

T = (100 x I)/ (P x r)

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Filed Under: Simple Interest
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Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
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1 4527
Q:

A sum of Rs. 10,000 is lent partly at 6% and the remaining at 10% p.a. If the yearly interest on the average is 9.2%, the money lent at 10% is:-

A) Rs. 8000 B) Rs. 8500
C) Rs. 5000 D) Rs. 2000
 
Answer & Explanation Answer: A) Rs. 8000

Explanation:

Let the amount at 6% be x
Amount at 10% be (10000 –x)
At 9.2 % interest, SI = 10000 X 9.2 X 1/100 = 920
Amount = 10920
⇒ 6x/100 + (10000 – x)10/100 = 920
⇒ 6x – 10x + 100000 = 92000
⇒ 4x = 8000
⇒ x = 2000
Money lent at 10 % = 10000 – 2000 = 8000

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Filed Under: Simple Interest
Exam Prep: Bank Exams

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