Aptitude and Reasoning Questions

Q:

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A) 5.65% B) 5.75%
C) 5.85% D) 5.95%
 
Answer & Explanation Answer: A) 5.65%

Explanation:

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

Report Error

View Answer Report Error Discuss

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

1 5157
Q:

What is 70 of 50?

A) 35 B) 38
C) 42 D) 44
 
Answer & Explanation Answer: A) 35

Explanation:

what is 70 of 50 means 70% of 50

 

70 x 50100= 7 x 5= 35

 

Hence, 70 of 50 is 35.

Report Error

View Answer Report Error Discuss

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

6 5154
Q:

1422 ÷ 1260.25 = ?

A) 586 B) 578
C) 568 D) 566
 
Answer & Explanation Answer: C) 568

Explanation:

142 x 142 x 11260.25

 

=> 142 x 142 x 135.5  = 568

Report Error

View Answer Report Error Discuss

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

4 5154
Q:

A family consists of six members P, Q, R, X, Y and Z. Q is the son of R but R is not mother of Q. P and R are a married couple. Y is the brother of R. X is the daughter of P. Z is the brother of P. How many female members are there in the family ? 

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

Explanation:

Q is the son of R but R is not the mother. So, R is the Father of Q. P is married to R 

So, P is the wife of R and the mother of Q, X is the daughter of P and hence of R and so she is the Sister of Q, Y is the brother of R and Z is the brother of P. 

There are two females only — mother P and daughter X 

Report Error

View Answer Report Error Discuss

Filed Under: Blood Relations

3 5153
Q:

How long will it take $3000 to earn $60 interest at 6%?

A) 2months B) 3months
C) 4months D) 5months
 
Answer & Explanation Answer: C) 4months

Explanation:

t=I/pr

Report Error

View Answer Report Error Discuss

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

3 5153
Q:

A family consists of six members P, Q, R, X, Y and Z. Q is the son of R but R is not mother of Q. P and R are a married couple. Y is the brother of R. X is the daughter of P. Z is the brother of P. How is Q related to X? 

A) Husband B) Father
C) Brother D) Uncle
 
Answer & Explanation Answer: C) Brother

Explanation:

Q is the son of R but R is not the mother. So, R is the Father of Q. P is married to R 

So, P is the wife of R and the mother of Q, X is the daughter of P and hence of R and so she is the Sister of Q, Y is the brother of R and Z is the brother of P. 

X is the sister of Q who is a male. So, Q is brother of X. 

Report Error

View Answer Report Error Discuss

Filed Under: Blood Relations

5 5151
Q:

Choose the number which is different from others in the group?

A) 64 B) 162
C) 27 D) 144
 
Answer & Explanation Answer: D) 144

Explanation:

Each of the numbers except 144, is a perfect cube.

Report Error

View Answer Report Error Discuss

Filed Under: Classification

67 5146
Q:

What is the present worth of a bill of Rs.1764 due 2 years hence at 5% compound interest is

A) Rs. 1600 B) Rs. 1200
C) Rs. 1800 D) Rs. 1400
 
Answer & Explanation Answer: A) Rs. 1600

Explanation:

Since the compound interest is taken here,

 

 PW1+51002=1764

 

=> PW = 1600

Report Error

View Answer Report Error Discuss

Filed Under: Banker's Discount

1 5145