Quantitative Aptitude - Arithmetic Ability Questions

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
Job Role: Bank PO

1 4594
Q:

The population of a city is 415600.It increased by 25% in the first year and decreased by 30% in the second year.What is the population of the city at the end of second year?

Answer

As per given data, P = 415600, R1= 25% incresed, R2 = 30% decreased


Population of the city at the end of the second year= 



363650.

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Subject: Percentage Exam Prep: CAT
Job Role: Bank Clerk

12 4591
Q:

K can finish the work in 18 days and L can do the same work in 15 days. L worked for 10 days and left the job. In how many days, K alone can finish the remaining work ?

A) 5.5 days B) 6 days
C) 4.2 days D) 5 days
 
Answer & Explanation Answer: B) 6 days

Explanation:

L's 10 days work = 115×10=23

 


Remaining work = 1-23=13

 


Now,  work is done by K in one day = 1/18

 

1/3 work is done by K in  18×13 = 6 days

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Filed Under: Time and Work
Exam Prep: GATE , CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

5 4588
Q:

In a class of 80 students and 5 teachers, each student got sweets that are 15% of the total number of students and each teacher got sweets that are 25% of the total number of students. How many sweets were there?

A) 1060 B) 960
C) 1020 D) 920
 
Answer & Explanation Answer: A) 1060

Explanation:

Total number of sweets

= 80 x 15 x 80/100 + 5 x 80 x 25/100

= 960 + 100 = 1060

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

31 4585
Q:

In a mixture of 60 litres, the ratio of milk and water is 2:1. What amount of water must be added to make the ratio of milk and water as 1:2?

A) 42 Litres B) 56 Litres
C) 60 Litres D) 77 Litres
 
Answer & Explanation Answer: C) 60 Litres

Explanation:

Ratio of milk and water = 2 : 1
Quantity of milk = 60 X 2/3 = 40 litre
Quantity of water = 20 litre
To make ratio, 1: 2, we have to double the water that of milk
So, water should be 80 litre.
That means 80 – 20 = 60 litre water to be added.

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Filed Under: Alligation or Mixture
Exam Prep: Bank Exams

3 4583
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

4 4574
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
Job Role: Bank PO

1 4574
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
Exam Prep: Bank Exams
Job Role: Bank PO

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