Quantitative Aptitude - Arithmetic Ability Questions

Q:

What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?

A) 29.38 B) 39.38
C) 49.38 D) 59.38
 
Answer & Explanation Answer: B) 39.38

Explanation:

i=j/m

The monthly payment will be=PV*I

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Filed Under: Compound Interest
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Q:

Eight first class and six second class petty officers are on the board of the 56 club. In how many ways can the members elect, from the board, a president, a vice-president, a secretary, and a treasurer if the president and secretary must be first class petty officers and the vice-president and treasurer must be second class petty officers?

A) 1500 B) 1860
C) 1680 D) 1640
 
Answer & Explanation Answer: C) 1680

Explanation:

Since two of the eight first class petty officers are to fill two different offices, we write 8P2=56

 

Then, two of the six second class petty officers are to fill two different offices; thus, we write 6P2 =30

 

The principle of choice holds in this case; therefore, the members have 56 x 30 = 1680 ways to select the required office holders

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Q:

If (1 × 2 × 3 × 4 ........ × n) = n!, then 15! - 14! - 13! is equal to ___?

A) 14 × 13 × 13! B) 15 × 14 × 14!
C) 14 × 12 × 12! D) 15 × 13 × 13!
 
Answer & Explanation Answer: D) 15 × 13 × 13!

Explanation:

15! - 14! - 13!

= (15 × 14 × 13!) - (14 × 13!) - (13!)

= 13! (15 × 14 - 14 - 1)

= 13! (15 × 14 - 15)

= 13! x 15 (14 - 1)

= 15 × 13 × 13!

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Filed Under: Permutations and Combinations
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9 4844
Q:

[(24)2+(27)2]÷? = 9.0625

A) 121 B) 144
C) 169 D) 81
 
Answer & Explanation Answer: B) 144

Explanation:
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4 4842
Q:

Laxmi and Prasanna set on a journey. Laxmi moves northwards at a speed of 20kmph and Prasanna moves southward at a speed of 30 kmph. How far will be Prasanna from Laxmi after 60 minutes ?

A) 24 km B) 50 km
C) 42 km D) 30 km
 
Answer & Explanation Answer: B) 50 km

Explanation:

We know 60 min = 1 hr
Total northward Laxmi's distance = 20kmph x 1hr = 20 km
Total southward Prasanna's distance = 30kmph x 1hr = 30 km
Total distance between Prasanna and Laxmi is = 20 + 30 = 50 km.

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Filed Under: Time and Distance
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3 4840
Q:

A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :

A) Rs. 15,000 B) Rs. 1,50,000
C) Rs. 1500 D) Rs. 1,62,000
 
Answer & Explanation Answer: A) Rs. 15,000

Explanation:

Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.

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Filed Under: Simple Interest
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3 4835
Q:

Simplify: b-[b-(a+b)-{b-(b-a-b)}+2a]

A) 2b B) 1
C) 0 D) 3b
 
Answer & Explanation Answer: C) 0

Explanation:
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Filed Under: Simplification
Exam Prep: Bank Exams

14 4835
Q:

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter

A) 1187.50 B) 1234
C) 1289 D) 1345
 
Answer & Explanation Answer: A) 1187.50

Explanation:

I=(p x r x t)/100

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Filed Under: Simple Interest
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