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Q:

At what rate of compound interest per annum will a sum of rs.1200 becomes rs.1348.32 in 2 years

A) 66%%	B) 6.5%
C) 7%	D) 7.5%

Answer & Explanation Answer: A) 66%%

Explanation:

rate=r%

1200 (1+r/100)^2=1348.32

r=6%

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Filed Under: Simple Interest
Exam Prep: GRE
Job Role: Analyst

Q:

The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is

A) 2 years	B) 2.5 years
C) 3 years	D) 4 years

Answer & Explanation Answer: A) 2 years

Explanation:

Amount = Rs.(30000+4347) = Rs.34347

let the time be n years

Then,30000(1+7/100)^n = 34347

(107/100)^n = 34347/30000 = 11449/10000 = (107/100)^2

$\therefore$ n = 2years

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Filed Under: Compound Interest
Exam Prep: GRE

Q:

The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is

A) 0.1%	B) 0.2%
C) 0.3%	D) 0.4%

Answer & Explanation Answer: C) 0.3%

Explanation:

(1500 x R1 x 3)/100

=> 4500 (R1-R2) = 1350

=> (R1-R2)= 1350/4500 = 0.3 %

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Filed Under: Simple Interest
Exam Prep: GRE

Q:

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

A) 50	B) 129
C) 100	D) 160

Answer & Explanation Answer: B) 129

Explanation:

B.G. = S.I. on T.D.

= Rs.(120 x 15 x 1/2 x 1/100)

= Rs. 9.

(B.D.) - (T.D.) = Rs. 9.

B.D. = Rs. (120 + 9) = Rs. 129.

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Filed Under: Banker's Discount

Q:

Should government jobs in rural areas have more incentives

Arguments:

1. Yes. Incentives are essential for attracting government servants there

2. No. Rural areas are already cheaper,healthier and less complex than big cities .So,why offer extra incentives!

A) Only 1 is true	B) Only 2 is true
C) Either 1 or 2 is true	D) Neither 1 or 2 is true

Answer & Explanation Answer: A) Only 1 is true

Explanation:

Government jobs in rural are underlined with several difficulties in love of these .In lieu of these ,extra incentives are needed

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Filed Under: Statement and Arguments
Exam Prep: GRE

Q:

National Aluminium Company has moved Georgia from a position of shortage to self-sufficiency in the metal.

Conclusions:

1. Previously, Georgia had to import aluminium

2. With this speed, it can soon become a foreign exchange earner

A) Only 1 follows	B) Only 2 follows
C) Either 1 or 2 follows	D) Both 1 and 2 follow

Answer & Explanation Answer: D) Both 1 and 2 follow

Explanation:

According to the statement, National Aluminium Company has moved Georgia from a position of shortage in the past to self-sufficiency in the present. This means that previously, Georgia had to import aluminium. So, I follows. Also, it can be deduced that if production increases at the same rate, Georgia can export it in future. So, II also follows.

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Filed Under: Statement and Conclusions

Q:

Pointing to a person, a man said to a woman, "His mother is the only daughter of your father." How was the woman related to the person ?

A) Aunt	B) Mother
C) Wife	D) Daughter

Answer & Explanation Answer: A) Aunt

Explanation:

Daughter of your father — Your sister. So, the person's mother is woman's sister or the woman is person's aunt.

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Filed Under: Blood Relations

Q:

When Anuj saw Manish, he recalled, "He is the son of the father of my daughter." Who is Manish ?

A) Brother-in-law	B) Brother
C) Cousin	D) Uncle

Answer & Explanation Answer: A) Brother-in-law

Explanation:

Anuj's daughter's mother — Anuj's wife ;

Anju's wife's father - Anuj's father-in-law;

Father-in-law's son — Anuj's brother-in-law

So, Manish is Anuj's brother-in-law

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Filed Under: Blood Relations

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