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 Quantitative Aptitude - Arithmetic Ability Questions

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Q:

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

A) 146694.12 B) 13452
C) 18232 D) 15627
 
Answer & Explanation Answer: A) 146694.12

Explanation:

S=R[(1+i)^n-1]/i

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Filed Under: Compound Interest
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Q:

Marked price of an article is 1600 Rs. more than the cost price. When the same article is sold at a discount of Rs. 500 then the percent profit earned is 25%. For earning a profit of 30%, the article should be sold at what price?

A) 5740 B) 5720
C) 5620 D) 5730
 
Answer & Explanation Answer: B) 5720

Explanation:

Ans. B.
According to the question ,
Marked Price = 1600 + Cost price - (i)
MP – 500 = 125/100 * CP - (ii)
MP = 5/4 CP + 500 - (ii)
4MP = 5CP + 2000 -(ii)
Solving (i) and (ii)
Cost Price = 4400
Now , the selling price
= 130/100 * 4400
= 5720

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

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Q:

If J is the interest on K and K is the interest on L, the rate and time is the same on both the cases. What is the relation between J, K and L  ?

A) J x J = KL B) K x K= JL
C) L x L = JK D) JKL = 1
 
Answer & Explanation Answer: B) K x K= JL

Explanation:

Let the Time be 'N' and Rate be 'R' 

J = (K x NR)/100 K = (L x NR)/100 

J/K = NR/100 K/L = NR/100 

J/K = K/L 

K x K = JL

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Filed Under: Simple Interest
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Q:

A person walking 6/7 of his usual rate is 30 minutes late. What is his usual time ?

A) 2 hrs 50 min B) 3 hrs 25 min
C) 3 hrs D) 2 hrs 5 min
 
Answer & Explanation Answer: C) 3 hrs

Explanation:

Let t be the usual time. If the usual rate is 1 unit, then the unusual rate is 6/7.
Balance by the distance,
1 x t = (6/7)(t + 30)
7t = 6(t + 30)
we get t as,
t = 180 minutes = 3 hrs.

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Filed Under: Problems on Numbers
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Q:

A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :

A) Rs. 15,000 B) Rs. 1,50,000
C) Rs. 1500 D) Rs. 1,62,000
 
Answer & Explanation Answer: A) Rs. 15,000

Explanation:

Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.

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Filed Under: Simple Interest
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3 4571
Q:

36 identical books must be arranged in rows with the same number of books in each row. Each row must contain at least three books and there must be at least three rows. A row is parallel to the front of the room. How many different arrangements are possible ?

A) 5 B) 6
C) 7 D) 8
 
Answer & Explanation Answer: A) 5

Explanation:

The following arrangements satisfy all 3 conditions.

Arrangement 1: 3 books in a row; 12 rows.

Arrangement 2: 4 books in a row; 9 rows.
Arrangement 3: 6 books in a row; 6 rows.
Arrangement 4: 9 books in a row; 4 rows.
Arrangement 5: 12 books in a row; 3 rows.

 

Therefore, the possible arrangements are 5.

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Filed Under: Permutations and Combinations
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Q:

The true-discount on Rs.2480 due after a certain period at 5% is Rs.80. Find the due period.

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

Explanation:

P.W= Amount – (T.D)

 

Time = 100×TDPW×R

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Filed Under: True Discount
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Q:

Dileep started a business with a capital of Rs. 8000. After six months, Narender joined him with some investment. If at the end of the year each of them gets equal amount as profit, how much did Narender invest in the business?

A) 24000 B) 16000
C) 12000 D) 32000
 
Answer & Explanation Answer: B) 16000

Explanation:

Given Dileep and Narender started a business.

Dileep invested 8000 for 12 months

Let Narender invested 'p' for 6 months

At the end of the year, their profit ratio is 1 : 1.

Hence,

8000 x 12 : p x 6

p : 16000

p/16000 = 1/1

=> p = 16,000

 

Hence, Narender invested amount is Rs. 16,000.

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Filed Under: Partnership
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