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Q:

A man invested an amount at the rate of 10% p.a. on compound interest and after two years he again invested half of the initial amount. If man got Rs. 457.2 Rs. as interest after three years, find the amount received by man after three years, if he invested same amount on simple interest at rate of 15% p.a.? 

A)  1740 Rs.  B)  1760 Rs. 
C)  1720 Rs.  D)  1780 Rs. 
 
Answer & Explanation Answer: A)  1740 Rs. 

Explanation:

Let man invested Rs. A And, after two years amount invested = (A +

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT

Q:

 A and B entered in a business by making investment of Rs. 4000 & Rs. 5500 respectively. After six months A & B withdrew Rs. 1000 and Rs. 1500 respectively and C joined them with capital of Rs. 4x. If after one year and three months C received Rs. 2250 as profit share out of total profit of Rs. 12250, then find investment of C? 

A)  Rs. 3600  B)  Rs. 3200 
C)  Rs. 4400  D)  Rs. 3000 
 
Answer & Explanation Answer: D)  Rs. 3000 

Explanation:

 Investment ratio of A, B & C = (4000 ×6+3000×9):(5500 ×6+4000×9):4

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Filed Under: Partnership
Exam Prep: AIEEE , Bank Exams , CAT

Q:

There are two shopkeepers, first shopkeeper calculates his profit percent on the selling price whereas the second shopkeeper calculates his profit percent on the cost price. If the selling price for both the shopkeeper is same and the difference between their profits is Rs.175. Then, calculate the sum of the cost price for both the shopkeeper if the profit percent for the both shopkeeper is 25%?

A) Rs 5425  B) Rs 4875 
C)  Rs 4675  D)  Rs 5275 
 
Answer & Explanation Answer: A) Rs 5425 

Explanation:

Let the selling price for each of the shopkeeper be Rs 100x

For 1st shopkeeper

SP= Rs 100x

CP=100

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT

Q:

‘X’ is a bread seller who marked up price of each bread packet by 150% above and allow discounts of 40% and made a profit of Rs. 30 on each bread packet. If ‘X’ allows 37.5% discount on each packet, then find how much profit he gets on selling 80 bread packets?

A)  Rs 2750  B)  Rs 3200 
C)  Rs 2500  D)  Rs 2700 
 
Answer & Explanation Answer: D)  Rs 2700 

Explanation:

Let cost price of each bread packet = a Rs.

So, marked price of each bread packet = 2.5a

And selling price of each bread packet = 2.5a × 60/100 = 1.5a

Given, 1.5a –

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT

Q:

If 6 years are subtracted from the present age of Ayush and takes 25% of that then we get the present age of his only son. 4 years ago, his daughter’s age is 7 years more than his son. Sum of daughter’s present age and his wife’s present age is 10 years more than Ayush’s present age then find the present age of Ayush if average of present age of entire family is 30.25 yr? 

A)  45 year  B)  50 year 
C)  60 year  D)  40 year 
 
Answer & Explanation Answer: B)  50 year 

Explanation:

Let the present age of Ayush be x yr.

Present age of his son =

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Filed Under: Problems on Ages
Exam Prep: CAT , Bank Exams , AIEEE

Q:

A cistern has one inlet, L and one inlet, M. L takes 5 hours to fill the empty tank, when M is not open and M takes 8 hours to empty the full tank, if the tank is two fifth full, how much time will it take to fill the tank completely when both L and M are opened simultaneously? (in hours)

A) 5 hours B) 3 hours
C) 6 hours D) 8 hours
 
Answer & Explanation Answer: D) 8 hours

Explanation:
If the tank is 2/5th full, then remaining empty tank will be = 1-2/5=3/5th
L and M can fill the empty tank in = (5*8)/(8-5)=40/3 hours

Then 3/5 th tank fill in =40/3 * 3/5= 8 hours

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Filed Under: Pipes and Cistern
Exam Prep: Bank Exams

Q:

A alone can do a work in 20 days. B is 125% more efficient than A. A and B started working and worked for 4 days. If C alone completed the remaining job in 22 days. How many days C alone takes to complete the entire job?

A) 30 B) 35
C) 40 D) 42
 
Answer & Explanation Answer: C) 40

Explanation:
A alone can do = 20days 
 
Efficiency ratio of A & B= 4 : 5

Time required will be in ratio = 5:4

B alone will do it in =16 days

LCM of (16,20)= 80 ,
 
Assume work size of 80 units

 

1 day work of A= 4 units 1 day work of B= 5 units

 

Work done by both in 4 days= 4*(5+4)= 36 units

 

Work left= 80-36= 44 units

 

Now C takes 22 days to complete= 44 units.

 

Time taken by C alone to complete the work= 40 days
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Filed Under: Time and Work
Exam Prep: Bank Exams

Q:

Rithika had Rs 8000. She invested some of it in savings scheme P and the rest of the money in savings scheme Q. She invested for 3 years in savings scheme P and for 2 years in savings scheme Q. savings scheme P offers SI at a rate of 20% pa while savings scheme Q compounded annually at the rate of 30% pa. The interest received from savings scheme P is 930 more than the interest received from savings scheme Q. If Rs 1500 is debited from the invested amount of savings scheme P then find the difference between the amount invested by Rithika in savings scheme P & savings scheme Q.

A) Rs 200 B) Rs 300
C) Rs 400 D) Rs 500
 
Answer & Explanation Answer: D) Rs 500

Explanation:
Amount invested in savings scheme P= Rs X

Amount invested in savings scheme Q= Rs (8000-X)

Compounding 30 % for 2 years , rate

30+30+ (30*30)/100= 69 %

60 % of X-69 % of (8000-X)=930

X= 5000

In savings savings scheme Q = 8000-5000=3000

5000 - 1500 = 3500

Difference =3500-3000=Rs 500

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Filed Under: Partnership
Exam Prep: Bank Exams