Aptitude and Reasoning Questions

Q:

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

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

Explanation:

Amount = Rs. (30000 + 4347) = Rs. 34347

(1+7/100)^n=34347

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Filed Under: Compound Interest
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0 3447
Q:

326-3-436-2-68-12=?

A) sqtr{3}-sqrt{2} B) sqtr{3}+sqrt{2}
C) 5sqrt{3} D) 1
 
Answer & Explanation Answer: C) 5sqrt{3}

Explanation:

Given Exp = 326-3×6+36+3-436-2×6+26+2-622-3

 

32(6+3)6-3-43(6+2)6-2+33-2×3+23+2

 

26+3-36+2+33+2

 

12+6-18-6+33+32

 

= 53 

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4 3446
Q:

Consider the argument and decide which of the given assumptions is/are implicit.

 

Argument :


With immediate effect, the government asked to shut down all the schools for one week in the region due to severe cold wave.

 

Assumptions:

 

1. The cold wave may continue for one week.

 

2. Concerned parents may not allow their children to attend the school after one week also.

 

 

A) Only assumption 1 is implicit B) Both 1 and 2 are implicit
C) Only assumption 2 is implicit D) Neither 1 nor 2 is implicit
 
Answer & Explanation Answer: A) Only assumption 1 is implicit

Explanation:
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Filed Under: Statement and Assumptions
Exam Prep: Bank Exams

1 3443
Q:

A certain sum is invested for 2 years in scheme M at 20% p.a. compound interest (compounded annually), Same sum is also invested for the same period in scheme N at k% p.a. simple interest. The interest earned from scheme M is twice of that earned from scheme N. What is the value of k?

A) 7 B) 11
C) 9 D) 13
 
Answer & Explanation Answer: B) 11

Explanation:

Interest earned in scheme M =   

P1 + 201002  - 1  = 11P25

Interest earned in scheme N =  

P x k x 2100 = Pk50

 

Now, from the given data,

 

11P25 = 2 x Pk50

k = 11

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20 3442
Q:

Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

A) 22681.19 B) 23456
C) 44577 D) 25685
 
Answer & Explanation Answer: A) 22681.19

Explanation:

 

 

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

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0 3442
Q:

Twenty percent of Karthik’s monthly salary is equal to thirty two percent of Nikitha’s monthly salary. Vipin’s monthly salary is four fifth that of Nikitha’s monthly salary. If Vipin’s annual salary is Rs. 3.84 lakhs, what is Karthik’s monthly salary?

A) 32,000 B) 64,000
C) 40,000 D) 52,000
 
Answer & Explanation Answer: B) 64,000

Explanation:

From the given data,

20% of K = 32% of N

V = 4/5 N

 

Given Vipin's salary = 3.84 lpa = 3.84/12 = 32,000 per month

Now, N = 5/4 x 32000 = 40000

Now K = 32/20 x 40000 = 64000

 

Hence, karthik's monthly salary = Rs. 64000.

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Filed Under: Percentage
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10 3439
Q:

A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually. Find

(a) the present value to fund the end-of-period retirement benefit.

(b) the end-of-period semi-annual payment needed to accumulate  the value in part (a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually

A) 245678 B) 234689
C) 281468.06 D) 234578
 
Answer & Explanation Answer: C) 281468.06

Explanation:

 

 

 

 

 

 

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

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Filed Under: Compound Interest
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0 3435
Q:

Which of the diagrams given below correctly represents the relationship among WOMEN, MOTHERS, SPINSTERS

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

Explanation:
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Filed Under: Logical Venn Diagram

12 3434