Quantitative Aptitude - Arithmetic Ability Questions

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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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

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Q:

Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest

A) 5678 B) 4563
C) 4329 D) 6210.73
 
Answer & Explanation Answer: D) 6210.73

Explanation:

Bob receives 15-3 = 12 months of 3.5 % interest compounded daily

 

 

 

M=P(1+i/365)^365n

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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:

If 30% of 40% of X is 240, then what is the value of X?

A) 441 B) 2000
C) 1200 D) 1800
 
Answer & Explanation Answer: B) 2000

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams

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Q:

If 5th September 2008 was a Monday, what day of the week was 9th October 2008?

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

Explanation:
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Filed Under: Calendar
Exam Prep: Bank Exams

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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

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Q:

A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually. Find

(a) the present value to fund the end-of-period retirement benefit.

(b) the end-of-period semi-annual payment needed to accumulate  the value in part (a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually

A) 245678 B) 234689
C) 281468.06 D) 234578
 
Answer & Explanation Answer: C) 281468.06

Explanation:

 

 

 

 

 

 

R=S[i/(1+i)^n-1]

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

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