Quantitative Aptitude - Arithmetic Ability Questions

Q:

Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?

A) 57500 B) 47500
C) 37500 D) 67500
 
Answer & Explanation Answer: C) 37500

Explanation:

I = (p x t x r)/100

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Filed Under: Simple Interest
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Job Role: Bank PO

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Q:

Reduce 2714/5074 to lowest terms.

A) 17/23 B) 29/43
C) 23/43 D) 31/37
 
Answer & Explanation Answer: C) 23/43

Explanation:
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Filed Under: Decimal Fractions
Exam Prep: Bank Exams

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Q:

15 semiannual payments are made into a sinking fund at 7% compounded semiannually so that $4850 will be present. Find the amount of each payment rounded to the nearest cent

A) 251.35 B) 245.45
C) 235.87 D) 251
 
Answer & Explanation Answer: A) 251.35

Explanation:

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

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Filed Under: Compound Interest
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Q:

The average marks of 50 students in an examination was 65. It was later found that the marks of one student had been wrongly entered as 83 instead of 38. The correct average is?

A) 63.9 B) 64.5
C) 64.7 D) 64.1
 
Answer & Explanation Answer: D) 64.1

Explanation:
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Filed Under: Average
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Q:

36 of what number is 18?

A) 38 B) 42
C) 50 D) 62
 
Answer & Explanation Answer: C) 50

Explanation:

Let the required number be 'p'

36 of what number is 18 implies 36% of p = 18

=> 36 x p/100 = 18

=> p = 1800/36

=> p = 50.

 

Hence, 36% of 50 is 18.

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Filed Under: Percentage
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Q:

Sanjay's test marks in two subjects, English and Hindi are in the ratio 7 : 11. If he got 20 marks more in Hindi than in English, what are his marks in English?

A) 35 B) 55
C) 45 D) 65
 
Answer & Explanation Answer: A) 35

Explanation:
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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

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Q:

Walking at a speed of 10 km/hr, Madhu reaches her university 15 minutes late. Next time she increases her speed by 2 km/hr, but she is still late by 5 minutes. The distance of the university from her house is:

A) 15 km B) 30 km
C) 20 km D) 10 km
 
Answer & Explanation Answer: D) 10 km

Explanation:
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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT , GATE

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Q:

Two items A and B have equal cost price. Item A is sold at 40% profit and item B is sold at an amount 20% less than the selling price of item A. If the total profit is 156 Rs then find the cost price of A.

A) Rs. 300 B) Rs. 350
C) Rs. 400 D) Rs. 450
 
Answer & Explanation Answer: A) Rs. 300

Explanation:

Let the cost price of A as well as B is 100 Rs.
Then, ATQ:
Selling Price of A = 100+40 = 140
And Selling Price of B = 140 - (140*0.2) = 140 - 28 = 112
Total selling price = 140+112 = 252 Rs.
Total Cost price = Rs. 200
So by taking cost price = 100 Rs.
Total profit = 52 Rs.
Total profit will be Rs. 156 when cost price = (100/52)*156 = Rs. 300.

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

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