Quantitative Aptitude - Arithmetic Ability Questions

Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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Filed Under: Compound Interest
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Job Role: Bank PO

0 4843
Q:

Tilak rides on a cycle to a place at speed of 22 kmph and comes back at a speed of 20 kmph. If the time taken by him in the second case is 36 min. more than that of the first case, what is the total distance travelled by him (in km)?

A) 132 km B) 264 km
C) 134 km D) 236 km
 
Answer & Explanation Answer: B) 264 km

Explanation:

Let the distance travelled by Tilak in first case or second case = d kms

Now, from the given data,

d/20 = d/22 + 36 min

=> d/20 = d/22 + 3/5 hrs

=> d = 132 km.

 

Hence, the total distance travelled by him = d + d = 132 + 132 = 264 kms.

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5 4843
Q:

What percent is 120 of 85 ?

A) 133.33 % B) 141.17 %
C) 145.54 % D) 139.29 %
 
Answer & Explanation Answer: B) 141.17 %

Explanation:

Px85100=120

 

=> p = 12000/85 = 141.17 %

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Filed Under: Percentage
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2 4841
Q:

A box contains 5 green, 4 yellow and 5 white pearls. Four pearls are drawn at random. What is the probability that they are not of the same colour ?

A)  11/91

B)  4/11

C)  1/11

D) 90/91

A) Option A B) Option B
C) Option C D) Option D
 
Answer & Explanation Answer: D) Option D

Explanation:

Let S be the sample space. Then,
n(s) = number of ways of drawing 4 pearls out of 14


= C414 ways = 14×13×12×114×3×2×1= 1001


Let E be the event of drawing 4 pearls of the same colour.
Then, E = event of drawing (4 pearls out of 5) or (4 pearls out of 4) or (4 pearls out of 5)

  C15+ C44+ C15 = 5+1+5 =11

 P(E) = n(E)n(S)=111001=191  

 

 Required probability = 1-191=9091

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Filed Under: Permutations and Combinations
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8 4834
Q:

The price of pulses has increased by 25%. The percentage of reduction that a family should effect in the use of pulses so as not to increase the expenditure on this account is ?

A) 16% B) 20%
C) 84% D) 72%
 
Answer & Explanation Answer: B) 20%

Explanation:

Reduction in consumption
= P100+P X 100%
= 25100+25 X 100%
= 20%

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Filed Under: Percentage
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4 4830
Q:

Mary is 12 years younger to Pinky. After 3 years, the ratio of their ages will be 5:8. If the present age of Sam is the sum of ages of Mary and Pinky, then what was the age of Sam 15 years back ?

A) 31 years B) 37 years
C) 46 years D) 29 years
 
Answer & Explanation Answer: A) 31 years

Explanation:

Let the present age of Pinky be x years

 

Then the age of Mary is x - 12 years

 

After 3 years,

 

Ratio of  MaryPinky = x - 9x + 3 = 58

 

8x - 72 = 5x +15

 

=> 3x = 87

 

=> x = 29

 

=> Age of Pinky = 29 years

 

=> Age of Mary = 29 - 12 = 17 years

 

Present age of Sam = 29 + 17 = 46

 

Before 15 years Sam age = 46 - 15 = 31 years.

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Filed Under: Problems on Ages
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9 4828
Q:

In a slip test, K got the 15th rank and he was 44th from the bottom of the list of passed students. 4 students did not take up the slip test and 3 students were failed. What is the total strenght of the class ?

A) 63 B) 62
C) 64 D) 65
 
Answer & Explanation Answer: D) 65

Explanation:

Total strength of the class is given by

15 + 44 + 4 + 3 - 1 = 65

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Filed Under: Simplification
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9 4827
Q:

The value of 13log10125 - 2log104 + log1032 :

A) 0 B) 1
C) 2 D) 4/5
 
Answer & Explanation Answer: B) 1

Explanation:
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Filed Under: Logarithms
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24 4824