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Q:

Question :

What is the sum which earned interest ?

Statements :

a. The total simple interest was Rs. 9000 after 9 years.
b. The total of sum and simple interest was double of the sum after 6 years.

A) Only a is sufficient	B) Neither a nor b is sufficient
C) Only b is sufficient	D) Both a and b sufficient

Answer & Explanation Answer: D) Both a and b sufficient

Explanation:

Let the sum be Rs. x

a. gives, S.I = Rs. 9000 and time = 9 years.

b. gives, Sum + S.I for 6 years = 2 x Sum

--> Sum = S.I for 6 years.

Now, S.I for 9 years = Rs. 9000

S.I for 1 year = Rs. 9000/9 = Rs. 1000.

S.I for 6 years = Rs. (1000 x 6)= Rs. 6000.

--> x = Rs. 6000

Thus, both a and b are necessary to answer the question.

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Filed Under: Simple Interest
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Q:

What will be the ratio of simple interest earned by certain amount at the same rate of interestfor 4 years and 6 years ?

A) 1:2	B) 2:1
C) 2:3	D) 3:2

Answer & Explanation Answer: C) 2:3

Explanation:

Let p be the principle amount

And R% be the rate of interest

Then, required ratio = $(\frac{\frac{P \times 4 \times R}{100}}{\frac{P \times 6 \times R}{100}})$

$\Rightarrow \frac{4 P R}{6 P R}$ = 2:3

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Q:

Statement: There is a substantial increase in the number of accidents causing deaths and severe injuries due to malfunctioning of the traffic signals.
Course of action:
a. The traffic police should immediately post traffic personnel at the junctions.
b. The signal system should immediately be repaired or replaced.

A) Only a follows	B) Either a or b follows
C) Only b follows	D) Neither a nor b follows

Answer & Explanation Answer: B) Either a or b follows

Explanation:

Clearly, either the traffic signals should be made to function properly or traffic personnel should be deployed to guide vehicular movement in the right way. So either I or II follows.

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Filed Under: Statement and Courses of Action
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Q:

If everyone on the team is a veteran, what will you do to fit in ?

Answer

This answer shows steps of becoming a team member that doesn't appear to be in training. It is describing ways to limit training times in meetings, and include that a new worker could benefit an existing team by making a list of ideas.

Even if everyone is a veteran, I feel confident I can fit right in. I would prepare as much as I can by reading existing material to catch up on the project. I would plan for meetings by making a list of questions I have and finding the answers to these questions before the meeting. I would also create a list of ideas through the documents I have read. A fresh mind could help with creative solutions. I know that I would be required to study a lot in the beginning, but I would be able to do so at home or by working late in the office.

Workspace

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Q:

Madhu started a business and he invested in 76000, After some month, Amar came to join with him and invest 57000.The end of the year the total profit was divided among them into ratio form 2 : 1.Find after how many months Amar join.

A) 7 months	B) 8 months
C) 3 months	D) 4 months

Answer & Explanation Answer: D) 4 months

Explanation:

we can assume that Amar join into business after x months. So Amar money was invest into (12 – x ) months.

$\frac{76000 \times 12}{57000 \times (12 - x)} = \frac{2}{1}$

--> 912000 = 114000 ( 12 – x ) = 114 ( 12 – x ) = 912

--> x = 4

After 4 months amar join the business.

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Filed Under: Partnership
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Q:

A began a business with Rs. 85000. He was joined afterwards by B with Rs. 42,500. For how much perod does B join, if the profits at the end of the year are divided in the ratio of 3:1 ?

A) 8 months	B) 6 months
C) 7 months	D) 9 months

Answer & Explanation Answer: A) 8 months

Explanation:

Suppose B joined for x months.

Given profit is divided in the ratio 3:1. Then,

$\frac{85000 \times 12}{42500 \times x} = \frac{3}{1}$

--> x = 8 months.

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Filed Under: Partnership
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Q:

Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them?

a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7.

b. Pranay's share in the profit is Rs. 8750.

A) Only a is sufficient	B) Neither a nor b is sufficient
C) Only b is sufficient	D) Both a and b sufficient

Answer & Explanation Answer: D) Both a and b sufficient

Explanation:

Given Pranay's profit in the share is Rs. 8750

But given that their investments are in the ratio 2:4:7

$\frac{7}{13} \times P$ = 8750

P = 16250

Now Anand's share = $\frac{4}{13} \times 16250$ = Rs.5000

Thus both staements a and b are sufficient to answer this question.

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Filed Under: Partnership
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Q:

Karan started a business investing Rs 29000. After five months, Satish joined with a capital of Rs 18000. If at the end of the year, they earn a profit of Rs. 16970, then what will be the share of Satish in the profit ?

A) Rs. 5422	B) Rs. 5489
C) Rs. 4511	D) Rs. 6145

Answer & Explanation Answer: C) Rs. 4511

Explanation:

Now as per question, Karan invested for 12 months and Satish invested for 7 months.

So, Karan:Satish = (29000 x 12):(18000 x 7)

= 348:126

= 58:21

Satish Ratio in profit will be= $16970 \times \frac{21}{79}$ = Rs. 4511

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Filed Under: Partnership
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