Quantitative Aptitude - Arithmetic Ability Questions

Q:

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A) 3years B) 2years
C) 4years D) 6years
 
Answer & Explanation Answer: B) 2years

Explanation:

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

Let the time be n years.

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

n= 2 years

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

0 4447
Q:

The difference between the compound interest and the simple interest on Rs. 6250 at 8% per annum in 2 years is

A) Rs.30 B) Rs.40
C) Rs.50 D) Rs.60
 
Answer & Explanation Answer: B) Rs.40

Explanation:
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1 4446
Q:

A person purchase 50 mangoes he sells 10 at 20% profit, 20 at 30% profit and rest got rotten. Find its total loss or profit%?

A) 28% B) 26%
C) 24% D) 22%
 
Answer & Explanation Answer: C) 24%

Explanation:

Let the cost price of each mango be Rs. 1

So 50 mangoes costs = Rs. 50

20% Profit on Selling Price of 10 mangoes = Rs. 12 

30% Profit on Selling Price of 20 mangoes = Rs. 26

Total = Rs. 38

Loss = 50 - 38 = 12

 

Loss% = (12/50) x 100 = 24%.

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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT
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5 4443
Q:

Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

A) 6 B) 7
C) 9 D) 11
 
Answer & Explanation Answer: A) 6

Explanation:

Let rate = R% and time = R years.

 

Then, (1200 x R x R) / 100 = 432

 

=> R = 6.

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Filed Under: Simple Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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3 4441
Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

1 4436
Q:

The sum of the present ages of a father and his son is 126 years. 8 years ago their respective ages were in the ratio of 7 : 4. After 7 years what will be the ratio of ages of father and son?

 

A) 23 : 19 B)  17 : 11
C)  27 : 20 D) 34 : 23
 
Answer & Explanation Answer: B)  17 : 11

Explanation:
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Filed Under: Problems on Ages
Exam Prep: Bank Exams

35 4434
Q:

Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?

A) Rs. 11750 B) Rs. 12550
C) Rs. 13650 D) Rs. 11550
 
Answer & Explanation Answer: A) Rs. 11750

Explanation:

From the given data,

The cost price of the article = 5640 x 100/60 = Rs. 9400

The selling price of the article to gain 25% profit = 9400 x 125/100 = Rs. 11750.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

21 4433
Q:

If each vowel of the word NICELY is changed to the next letter in the English alphabetical series and each consonant is changed to the previous letter in the English alphabetical series and then the alphabets are arranged in alphabetical order, which of the following will be fourth from the left?

A) M B) J
C) B D) O
 
Answer & Explanation Answer:

Explanation:

Thus after arranging the letters as per English alphabetical series; we get; Thus 4th letter from the left end will be K.

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