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 Quantitative Aptitude - Arithmetic Ability Questions

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Q:

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A) 8695 B) 7695
C) 3695 D) 4695
 
Answer & Explanation Answer: A) 8695

Explanation:

Given: j = 4%, m=  12, FV = $10,000, Term=  3.5 years
Then n  =m  *Term  12(3.5)  42

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

0 3517
Q:

What is a Common Multiple?

Answer

If the Multiples for two or more numbers which are Common, then those Multiples are said to be Common Multiples. 


 


For Example :


Multiples of 3 are 3, 6, 9, 12, 15, 18, 21, 24, 27, 30,...


Multiples of 5 are 5, 10, 15, 20, 25, 30,...


Here common multiples of 3 & 5 upto 30 are 15, 30.

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Subject: HCF and LCM Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

29 3516
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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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

0 3514
Q:

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

A) 5years B) 6years
C) 7years D) 8years
 
Answer & Explanation Answer: A) 5years

Explanation:

I=prt

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

3 3500
Q:

Advik's birthday is on Monday 19th June. On what day of the week will be Nishith's Birthday in the same year if Nishith was born on 17th November?

A) Saturday B) Wednesday
C) Friday D) Sunday
 
Answer & Explanation Answer: C) Friday

Explanation:
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Filed Under: Calendar
Exam Prep: Bank Exams

8 3499
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
Exam Prep: Bank Exams

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Q:

[15% of 300% of 560] × 2 ÷ 5 =

A) 100 B) 90
C) 85 D) 105
 
Answer & Explanation Answer: A) 100

Explanation:

[15% of 300% of 560] × 2 ÷ 5

= (15 x 300 x 560 x 2)/100 x 100 x 5

~= 100 

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

4 3495
Q:

Three  cars A, B and C  started  from  a  point at 5  pm, 6  pm  and 7  pm respectively and travelled at uniform speeds of 60 km/hr, 80 km/hr and x km/hr respectively in the same direction. If all the three met at another point at the same instant during their journey, then what is the value of x?

A) 120 B) 110
C) 105 D) 100
 
Answer & Explanation Answer: A) 120

Explanation:

Distance covered by A till 6pm = 60 km

Distance covered by A till 7 pm = 120 km

Time taken by B to catch A = 60/(80-60 ) = 3 hrs

So A and B will meet at 6pm + 3 hrs = 9pm

Since we know that all three met at the same time

The time taken by C to cover 120 km

difference will be  = 9pm –7pm = 2hrs

Therefore,(x –60 )*2 = 120x = 120 km/hr

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Filed Under: Time and Distance
Exam Prep: Bank Exams

0 3494