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 Quantitative Aptitude - Arithmetic Ability Questions

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Q:

Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

A) 75263.64 B) 76345
C) 76389 D) 56897
 
Answer & Explanation Answer: A) 75263.64

Explanation:

 

 

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

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Filed Under: Compound Interest
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Q:

Find the remainder when 629 is divided by 5 ?

A) 0 B) 1
C) 3 D) 5
 
Answer & Explanation Answer: B) 1

Explanation:

All powers of 6 has 6 in units place so answer will definitely be 1.

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Q:

125% as a Fraction?

A) 1/4 B) 3/4
C) 5/4 D) 7/4
 
Answer & Explanation Answer: C) 5/4

Explanation:

Literally any percentage means divide by 100.

So 125% = 125100. That can be reduced to 5/4.

To convert to a decimal, you can do long division, dividing 5 into 4.

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Q:

If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $10,000 after 3 years?

A) 8695.61 B) 6786
C) 3478 D) 4092
 
Answer & Explanation Answer: A) 8695.61

Explanation:

i=j/m

PV = FV (1+  i)^-n 

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Q:

If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?

A) 39158 B) 49158
C) 59158 D) 69158
 
Answer & Explanation Answer: B) 49158

Explanation:

i=j/m

FV = PV(1+  i)^n

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Q:

12% of 70,000 is

A) 8400 B) 7200
C) 6000 D) 5600
 
Answer & Explanation Answer: A) 8400

Explanation:

12% of 70,000

=> 12 x 70,000/100

=> 8400

 

Hence, 12% of 70,000 = 8,400

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Q:

The difference between present ages of Ravali and Swarna is 9 years. After 7 years, Ravali’s age is twice of Swarna’s age. What will be Ravali’s age after 4 years?

A) 15 yrs B) 16 yrs
C) 20 yrs D) 21 yrs
 
Answer & Explanation Answer: A) 15 yrs

Explanation:

Let the present age of Ravali = x

=> Swarna's present age = x - 9

From the given data,

x + 7 = 2(x - 9 + 7)

=> x = 11 yrs

Required Ravali's age after 4 years = 11 + 4 = 15 yrs.

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Q:

In a plane 8 points are colliner  out of 12 points, then the number of triangles we get with those 12 points is 

A) 20 B) 160
C) 164 D) 220
 
Answer & Explanation Answer: C) 164

Explanation:

For a triangle, we need 3 non-collinear points. So with 12 points (when all the 12 are such that any three non-collinear is12C3. But among them 8 points are collinear.

 

If all these 8 points are different we get 8C3 triangles as they are collinear.

 

In 12C3 triangles, we do not get 8C3 triangles

 

Therefore, The number of triangles we get = 12C3-8C3 = 164

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Filed Under: Permutations and Combinations
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