Quantitative Aptitude - Arithmetic Ability Questions

Q:

Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

A) 6 B) 7
C) 9 D) 11
 
Answer & Explanation Answer: A) 6

Explanation:

Let rate = R% and time = R years.

 

Then, (1200 x R x R) / 100 = 432

 

=> R = 6.

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Filed Under: Simple Interest
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3 4439
Q:

The difference between the compound interest and the simple interest on Rs. 6250 at 8% per annum in 2 years is

A) Rs.30 B) Rs.40
C) Rs.50 D) Rs.60
 
Answer & Explanation Answer: B) Rs.40

Explanation:
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1 4434
Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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Filed Under: Compound Interest
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1 4431
Q:

Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?

A) Rs. 11750 B) Rs. 12550
C) Rs. 13650 D) Rs. 11550
 
Answer & Explanation Answer: A) Rs. 11750

Explanation:

From the given data,

The cost price of the article = 5640 x 100/60 = Rs. 9400

The selling price of the article to gain 25% profit = 9400 x 125/100 = Rs. 11750.

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Filed Under: Profit and Loss
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21 4428
Q:

An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?

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

Explanation:

T = (100 x I)/ (P x r)

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Filed Under: Simple Interest
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0 4422
Q:

A person purchase 50 mangoes he sells 10 at 20% profit, 20 at 30% profit and rest got rotten. Find its total loss or profit%?

A) 28% B) 26%
C) 24% D) 22%
 
Answer & Explanation Answer: C) 24%

Explanation:

Let the cost price of each mango be Rs. 1

So 50 mangoes costs = Rs. 50

20% Profit on Selling Price of 10 mangoes = Rs. 12 

30% Profit on Selling Price of 20 mangoes = Rs. 26

Total = Rs. 38

Loss = 50 - 38 = 12

 

Loss% = (12/50) x 100 = 24%.

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Filed Under: Percentage
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5 4421
Q:

There are several peacocks and deers in a cage (with no other types of animals). There are 72 heads and 200 feet inside the cage. How many peacocks are there, and how many deers ?

A) 42 & 24 B) 38 & 26
C) 36 & 24 D) 44 & 28
 
Answer & Explanation Answer: D) 44 & 28

Explanation:

Let
x = peacocks
y = deers

2x + 4y = 200
x + y = 72
y = 72 - x
2x + 288 - 4x = 200
x = 44 peacocks
y = 28 deers

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Filed Under: Numbers
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5 4417
Q:

For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.

A) 10 B) 11
C) 12 D) 13
 
Answer & Explanation Answer: B) 11

Explanation:

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

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Filed Under: Compound Interest
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