Quantitative Aptitude - Arithmetic Ability Questions

Q:

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A) 5.65% B) 5.75%
C) 5.85% D) 5.95%
 
Answer & Explanation Answer: A) 5.65%

Explanation:

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

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Q:

There are two numbers such that the sum of twice the first number and thrice the second number is 300 and the sum of thrice the first number and twice the second number is 265. Which is the largest number ?

A) 24 B) 39
C) 85 D) 74
 
Answer & Explanation Answer: D) 74

Explanation:
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Q:

Mary is 12 years younger to Pinky. After 3 years, the ratio of their ages will be 5:8. If the present age of Sam is the sum of ages of Mary and Pinky, then what was the age of Sam 15 years back ?

A) 31 years B) 37 years
C) 46 years D) 29 years
 
Answer & Explanation Answer: A) 31 years

Explanation:

Let the present age of Pinky be x years

 

Then the age of Mary is x - 12 years

 

After 3 years,

 

Ratio of  MaryPinky = x - 9x + 3 = 58

 

8x - 72 = 5x +15

 

=> 3x = 87

 

=> x = 29

 

=> Age of Pinky = 29 years

 

=> Age of Mary = 29 - 12 = 17 years

 

Present age of Sam = 29 + 17 = 46

 

Before 15 years Sam age = 46 - 15 = 31 years.

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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:

Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?

A) 1548 B) 1348
C) 1648 D) 1748
 
Answer & Explanation Answer: C) 1648

Explanation:

FV1 = Future value of $2000, 1 year later
= PV (1+  i)^n

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Q:

If a cellphone is purchased for Rs.490 and sold for Rs.465.50 find the loss percentage?

A) 10 B) 5
C) 20 D) 15
 
Answer & Explanation Answer: B) 5

Explanation:

loss = C.P - S.P = 490 - 465.50 =24.50 

loss % = (loss x 100)/C.P = (24.50 x 100)/490 = 5%

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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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Q:

There are 15 lines in plane. How many intersections (Maximum) can be made ?

A) 55 B) 105
C) 215 D) 148
 
Answer & Explanation Answer: B) 105

Explanation:

First line will cut all other 14, similarly second will cut 13, and so on
Total = 14+13+12+11+10+9+8+7+6+5+4+3+2+1 = 105.

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