Aptitude and Reasoning Questions

Bleak means an area of land lacking vegetation and exposed to the elements like deserts.

63.5% of 8924.2 +? % of 5324.4 = 6827.5862

=> 63.5% of 8925 + ? % of 5325 = 6830

=> 6830 ~= 5320 + ?(5325)/100

=> ? ~= 22

Given 0.875 and 0.375

0.875 ::

After decimal point there are 3 digits 875

Now, mutiply and divide 0.875 with 1000

$$\begin{gathered} 0.875 x 10001000 = 8751000 \\ Now, this can be reduced to fraction 78 \\ Therefore, 0.875 as fraction = 78 \end{gathered}$$

Similarly,

0.375 :: 

After decimal point there are 3 digits 375

Now, mutiply and divide 0.375 with 1000

$$\begin{gathered} 0.375 x 10001000 = 3751000 \\ Now, this can be reduced to fraction 38 \\ Therefore, 0.375 as fraction = 38 \end{gathered}$$

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

r=I/pt=21.73%

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

savings would be $20 000 − $19 752.33 = $247.67