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 Quantitative Aptitude - Arithmetic Ability Questions

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

0 3485
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
Exam Prep: Bank Exams
Job Role: Bank PO

0 3477
Q:

If x varies as y and x = 8 when y = 15 then the value of x when y = 10 is:

A) 5 B) 15/8
C) 8/15 D) 16/3
 
Answer & Explanation Answer: D) 16/3

Explanation:

x : y = 8 : 15
If y = 10, x = 8/15 X 10
y = 16/3

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Filed Under: Simplification
Exam Prep: Bank Exams

2 3472
Q:

Sum of two numbers is 44. One number is 3 times as large as the other. What are the numbers?

A) 11 and 4 B) 3 and 11
C) 11 and 33 D) 40 and 4
 
Answer & Explanation Answer: C) 11 and 33

Explanation:

Let the smaller number be 'm'

Then, from the given data, the larger number is '3m'

Given that m + 3m = 44

=> 4m = 44

m = 44/4 = 11

=> m = 11

=> 3m = 3 x 11 = 33

 

Hence, the two numbers are 11 and 33.

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Filed Under: Problems on Numbers
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

9 3471
Q:

If length of a rectangle is decreased by 6 cm we get a square and the area of square formed is 252 cm2 less than the area of square formed when breadth of the original rectangle is increased by 6 cm. Find the perimeter of the rectangle.

A) 66 cm B) 88 cm
C) 80 cm D) 72 cm
 
Answer & Explanation Answer:

Explanation:

Let length and breadth of rectangle be L cm
and B cm respectively So, ATQ
Area1= (L-6)×B
But this is square, so L-6=B
Area1= (L-6) × (L-6)
Case 2, Area2= L × (B+6),
L=B+6
So, Area2= L × L,
Given, Area2-Area1= 252(L)2-(L-6)2=252
Solving this, L= 24
B= 18
Perimeter= 2(L+B)= 2(24+18)= 84 cm

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams , GATE

3 3469
Q:

A bus travels 2/5 of a total journey at its usual speed. The remaining distance was covered by bus at 6/7 of its usual speed. Due to slow speed it reaches its destination 50 minutes late. If the total distance is 200 kms, then what is the usual speed (in km/hr) of bus?

A) 20.57 B) 24
C) 28 D) 26.52
 
Answer & Explanation Answer: B) 24

Explanation:
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Filed Under: Time and Distance
Exam Prep: Bank Exams

4 3469
Q:

The true discount on Rs.1600 due to after a certain of 5% per annum is Rs.160. The time after which it is due is

A) 27months B) 23months
C) 20months D) 12months
 
Answer & Explanation Answer: A) 27months

Explanation:

P.W. = Rs. (1600 - 160) = Rs. 1440
∴ S.I. on Rs.1440 at 5% is Rs. 160.
∴ Time = [100 * 160 / 1440 * 5] = 20/9 years = [20/9 * 12] months = 27 months.

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Filed Under: True Discount

0 3466
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
Exam Prep: Bank Exams
Job Role: Bank PO

0 3464