Quantitative Aptitude - Arithmetic Ability Questions

Q:

An investment bond is offered to the public at 9% p.a. Louise buys a bond worth $2000 that will mature in 2 years. How much in total will Louise receive at the end of the 2 years?

A) 3360 B) 2360
C) 4360 D) 5360
 
Answer & Explanation Answer: B) 2360

Explanation:

I = (P x r x t)/100

I = $360

A = P+I

A = 2360

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

0 3906
Q:

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?

I. The rate of interest is 5 p.c.p.a.

II. Simple interest fetched on the same amount in one year is Rs. 600.

III. The amount borrowed is 10 times the simple interest in 2 years.

A) I only B) III only
C) I or II only D) .II and Either I or III only
 
Answer & Explanation Answer: D) .II and Either I or III only

Explanation:

 

 

I. gives, Rate = 5% p.a.

 

II. gives, S.I. for 1 year = Rs. 600.

 

III. gives, sum = 10 x (S.I. for 2 years).

 

Now I, and II give the sum.

 

For this sum, C.I. and hence amount can be obtained.

 

Thus, III is redundant.

 

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

 

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

 

Thus, Rate =

 

100 x 1200

 

= 5% p.a.

 

2 x 12000

 

Thus, C.I. for 2 years and therefore, amount can be obtained.

 

Thus, I is redundant.

 

Hence, I or III redundant.

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0 3905
Q:

64/12 in simplest form?

A) 19/6 B) 32/4
C) 16/3 D) None of the above
 
Answer & Explanation Answer: C) 16/3

Explanation:

64/12 = 16/3 in simplest form.

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Filed Under: Simplification
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

5 3902
Q:

The difference between Simple Interest and Compound Interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if interest is compounded annually?

A) Rs. 25000 B) Rs. 2500
C) Rs. 50000 D) Rs. 5000
 
Answer & Explanation Answer: B) Rs. 2500

Explanation:

Let the principal amount be Rs. x
Calculating SI:
SI for 1 year at 12% rate is Rs (12/100)*x. For 3 years it will be Rs (36/100)*x ------ (1)
Calculating CI:
For 1st year, Interest = (12/100)*x
For 2nd year, interest = (12/100)*x + (12/100)*x + (144/10000)*x
For 3rd year, interest = (12/100)*x + (12/100)*x + (12/100)*x + (144/10000)*x + (144/10000)*x + (1728/1000000)*x. ------ (2)
Subtracting equation 2 and 1 and solving further,
312*144*x/1000000 = 112.32
X = Rs 2500.
Alternative way: Using formula for Difference
between CI and SI for 3 years

we can also use the above formula to find the value of P.

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

3 3901
Q:

From container A containing 54 liter of mixture of milk and water in ratio of 8 : 1 , 18 liter of the mixture is taken out and poured into container B in which ratio of milk to water is 3 : 1. If difference between total milk and total water in container B is 30 liter then find the quantity of initial mixture in container B. 

A) 30 Liter  B) 28 Liter 
C) 32 Liter  D) 36 Liter 
 
Answer & Explanation Answer: C) 32 Liter 

Explanation:

Let initially milk and water in container B is 3x liter and x liter respectively

Now, 3x + (8/9) × 18 – x – (1/9) × 18 = 30

3x + 16 – x – 2 = 30

x = 8

Initial quantity is container B = 8 (3 + 1) = 32 Liter.

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Filed Under: Alligation or Mixture
Exam Prep: AIEEE , Bank Exams , CAT

7 3899
Q:

Find the compound interest on Rs. 2680 at 8% per annum for 2 years ?

A) Rs. 664.21 B) Rs. 548.68
C) Rs. 445.95 D) Rs. 692.57
 
Answer & Explanation Answer: C) Rs. 445.95

Explanation:

We know Compound Interest = C.I. = P1+r100t - 1

Here P = 2680, r = 8 and t = 2

C.I. = 26801 + 81002-1= 268027252-12= 26802725+12725-1= 2680 5225×225

= (2680 x 52 x 2)/625

= 445.95

 

Compound Interest = Rs. 445.95

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Filed Under: Compound Interest
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12 3895
Q:

A bike runs at the speed of 35 km/h when not serviced and runs at 55 km/h, when serviced. After servicing the bike covers a certain distance in 5 h. How much approximate time will the bike take to cover the same distance when not serviced?

A) 8 hrs B) 7.5 hrs
C) 7 hrs D) 6.5 hrs
 
Answer & Explanation Answer: A) 8 hrs

Explanation:

Given speed of the bike after servicing = 55 kmph

Time taken for travelling some distance at 55 kmph = 5 hrs

Then, 

Distance = Speed x Time = 55 x 5 = 275 kms.

Now, 

Speed of the bike before servicing = 35 kmph

Distance = 275 kms

Now, Time = Distance/Speed = 275/35 = 7.85 hrs =~ 8 hrs.

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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

9 3887
Q:

In a hostel the rent per room is increased by 20%. If number of rooms in the hostel is also increased by 20% and the hostel is always full, then what is the percentage change in the total collection at the cash counter?

A) 30% B) 40%
C) 44% D) 48%
 
Answer & Explanation Answer: C) 44%

Explanation:
Let initial rent be rs 10
And initial rooms be 10
So initial collection = 10*10 = Rs 100
Now new rent = 10 + 20% of 10 = 12
New no of rooms = 10 + 20% of 10 = 12
So new collection = 12*12 = 144
% change in collection = (144-100)/100*100 = 44%
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Filed Under: Percentage
Exam Prep: Bank Exams

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