2
Q:

Find the appropriate relation for quantity1 and quantity2 in the following question:

Quantity 1: In an examination, Ankita scored 35 marks less than Puneeta. Puneeta scored 65 more marks than Meenakshi. Rakhi scored 115 marks, which is 20 marks more than Meenakshi's. Simpy scored 108 marks less than the maximum marks of the test. What approximate percentage of marks did Simpy score in the examination, if she got 67 marks more than Ankita?

Quantity 2: The length of a rectangle is increased by 60%. By what percent would the width have to be decreased to maintain the same area?

A) Quantity1 < Quantity2 B) Quantity1 ≤ Quantity2
C) Quantity1 ≥ Quantity2 D) Quantity1 > Quantity2

Answer:   D) Quantity1 > Quantity2



Explanation:

Quantity1-
Rakhi’s marks= 115
Meenakshi’s marks= 115 - 20 = 95
Puneeta’s marks= 95 + 65= 160
Ankita’s marks=160 - 35= 125
Simpy’s marks= 125+ 67= 192
Total maximum marks= 192 + 108= 300
Required percentage marks of Simpy
192300×100=64%
Quantity2-
Let length and breadth be 100.

After increase in length it become 160, then
reduction in breadth be ‘x’
Now, 160*x= 100*100
Hence, x = 10000160=62.5

100-62.5=37.5%

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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0 2796
Q:

Find the compound amount if $1200 is deposited at 8% interest for 11 years if interest is compounded continuously

A) 1456 B) 1456
C) 1693.08 D) 1890
 
Answer & Explanation Answer: C) 1693.08

Explanation:

M=Pe^yr

 

2893.08

 

I=M-P

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0 2561
Q:

Find the compound amount if $2900 is deposited at 5% interest for 10 years if interest is compounded daily

A) 4781.13 B) 5781
C) 3456 D) 4567
 
Answer & Explanation Answer: A) 4781.13

Explanation:

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

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0 2279
Q:

$32000 is invested at 10% for 2 years.Find the interest compounded Yearly

A) 4720 B) 5720
C) 6720 D) 7720
 
Answer & Explanation Answer: C) 6720

Explanation:

M=P(1+i)^n

 

I=M-P

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0 2102
Q:

Example:$800 is invested at 7% for 6 years.Find the interest compounded anually?

A) 400.58 B) 300.58
C) 200.58 D) 100.58
 
Answer & Explanation Answer: A) 400.58

Explanation:

M=P(1+i)^n

 

I=M-P

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0 2530
Q:

Dianna deposits $725 into a savings account that pays 2.3% simple annual interest. How much interest will Dianna earn after 18 months?

A) 23.01 B) 24.01
C) 25.01 D) 26.01
 
Answer & Explanation Answer: C) 25.01

Explanation:

I = Prt

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0 3434
Q:

A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interst. The rate per annum 

A) 5% B) 5.5%
C) 6% D) 6.5%
 
Answer & Explanation Answer: B) 5.5%

Explanation:

sum = x. amount =7x/6.

S.I. =(7x/6 – x) = x/6 ; time = 3 years

Rate =[ (100 * x) / (x * 6 * 3)]% = 5.5%

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18 22401
Q:

If a sum of money at simple interest doubles in 6 years, it will become  4 times in

A) 15years B) 16years
C) 17years D) 18years
 
Answer & Explanation Answer: D) 18years

Explanation:

 

 

 

 

 

 

let sum =x . s.i.=x

 

 

 

rate =(100*x)/(x*6)=50/3%

 

 

 

now ,sum =x, s.i= 3x, rate =50/3%

 

 

 

time =(100*3x)/(x*50/3) = 18 years

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