Quantitative Aptitude - Arithmetic Ability Questions

Q:

Simple Interest received by a person in 10 years on a principal of Rs 9500 is 130% of the principal. What is the rate of interest (in %) per annum?

A) 12 B) 13
C) 15 D) 19
 
Answer & Explanation Answer: B) 13

Explanation:
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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

5% of a = b, then b% of 20 is the same as __________.

A) 20% of a/2 B) 50% of a/20
C) 50% of a/2 D) 20% of a/20
 
Answer & Explanation Answer: D) 20% of a/20

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams

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Q:

If a3+ b3 = 341 and ab = 30, then what is the value of a + b?

A) 1 B) 9
C) 7 D) 11
 
Answer & Explanation Answer: D) 11

Explanation:
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Filed Under: Simplification

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Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 4.2

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:

i=j/m

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

0 3284
Q:

Find the finance charge for an average daily balance of $8431.10 with monthly interest rate of 1.4%

A) 98.04 B) 88.04
C) 68.04 D) 118.04
 
Answer & Explanation Answer: D) 118.04

Explanation:

0.014*8431.10

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

0 3280
Q:

A sum becomes Rs 2286 in 3 years and Rs 2448 in 4 years at simple interest. What is the rate (in percentage) of interest per annum?

A) 10 B) 9
C) 8 D) 11
 
Answer & Explanation Answer: B) 9

Explanation:
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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

Buy at 30 cell at 50. What is the profit percentage?

A) 20% B) 40%
C) 45% D) 35%
 
Answer & Explanation Answer: B) 40%

Explanation:

Cost price = Rs. 30

Selling price = Rs. 50

Gain = Rs. 20

Profit % = Gain/cost price x 100 = 20/50 x 100 = 40%

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

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Q:

36 is what percent of 80?

A) 54 B) 45
C) 60 D) 64
 
Answer & Explanation Answer: B) 45

Explanation:

Let 36 is p% of 80

=> p x 80/100 = 36

=> p = 36 x 10/8 = 45.

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

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