Quantitative Aptitude - Arithmetic Ability Questions

Q:

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

A) 1710.29 B) 2710.29
C) 3710.29 D) 4710.29
 
Answer & Explanation Answer: C) 3710.29

Explanation:

i=j/m

n =m(Term) = 2(15.5)  =31

Fair market value  Present value of the face value

 =FV(1+  i)^-n

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Filed Under: Compound Interest
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4 5108
Q:

A store owner is packing books into larger boxes that measure 25 by 42 by 60 inches. If the measurement of each book is 7 by 6 by 5 inches, then how many books can be placed in the box ?

A) 175 B) 345
C) 265 D) 300
 
Answer & Explanation Answer: D) 300

Explanation:

Number of books that can be placed in the larger box is given by Volume of Box / Volume of book.
Now, n = 25 x 42 x 60 / 7 x 6 x 5
= 63000 / 210
= 300.
Therefore, 300 books can be in that box.

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Filed Under: Volume and Surface Area
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7 5106
Q:

Jackie deposits $325 in an account that pays 4.1% interest compounded annually. How much money will Jackie have in her account after 3 years?

A) 346.64 B) 356.64
C) 366.64 D) 376.64
 
Answer & Explanation Answer: C) 366.64

Explanation:

A=P(1+r)^t

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Filed Under: Compound Interest
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0 5104
Q:

A,B,C can complete a work in 15,20 and 30 respectively.They all work together for two days then A leave the work,B and C work some days and B leaves 2 days before completion of that work.how many days required to complete the whole work?

Answer

Given A,B,C can complete a work in 15,20 and 30 respectively.


The total work is given by the LCM of 15, 20, 30 i.e, 60.


A's 1 day work = 60/15 = 4 units


B's 1 day work = 60/20 = 3 units


C's 1 day work = 60/30 = 2 units


(A + B + C) worked for 2 days = (4 + 3 + 2) 2 = 18 units


 Let B + C worked for x days = (3 + 2) x = 5x units


C worked for 2 days = 2 x 2 = 4 units


Then, 18 + 5x + 4 = 60


22 + 5x = 60


5x = 38


x = 7.6


 


Therefore, total number of days taken to complete the work = 2 + 7.6 + 2 = 11.6 = 11 3/5 days.

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Subject: Time and Work Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

10 5098
Q:

A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments

A) $53 B) $42
C) $62 D) $82
 
Answer & Explanation Answer: D) $82

Explanation:

Total repayment amount = $1600 + $368
= $1968
= $82

regular payment= total amount/number of repayments

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Filed Under: Simple Interest
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1 5098
Q:

In a regular week, there are 5 working days and for each day, the working hours are 8. A man gets Rs. 2.40 per hour for regular work and Rs. 3.20 per hours for overtime. If he earns Rs. 432 in 4 weeks, then how many hours does he work for ?

A) 145 B) 165
C) 175 D) 135
 
Answer & Explanation Answer: C) 175

Explanation:

Given that,

 working days = 5

 working hours = 8

 A man get rupess per hour is Rs.2.40

 So in one day the man get total rupees is 2.40 x 8 = 19.2

 So in 5 days week the man get total rupees is 19.2 x 5 = 96

 So in 4 week the man get total rupees is 96 x 4 = 384

 So the man worked for = 160hours in 4 weeks

 

 But given that the man earned Rs.432

 

 Hence remaning money is (432-384 = 48)which is earn by doing overtime work

 


Overtime hours  = 48/3.20 = 15


So total worked hours is = 15 + 160 = 175.

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Filed Under: Time and Work
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4 5095
Q:

Find the Odd one out of the following Numbers?

A) 3 B) 19
C) 67 D) 133
 
Answer & Explanation Answer: D) 133

Explanation:

Here among the given numbers, 3, 19, 67 are prime numbers. And 133 is not a prime number.

 

Hence, the odd number of the given numbers is 133.

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4 5085
Q:

How many remainders are possible if 16n is divided by 9 for any positive integral value of n ?

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

Explanation:

When 16nis divided by 9, we have

 1619, remainder = 7  

1629, remainder = 4 

1639, remainder = 1 

1649, remainder = 7 

1659, remainder = 4 

1669, remainder = 1 

So, we have cyclicity of 3 factors i.e 7,4,1. 

Hence only 3 remainders are possible.

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Filed Under: Numbers
Exam Prep: CAT
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7 5079