Quantitative Aptitude - Arithmetic Ability Questions

Q:

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

A) 3years B) 2years
C) 4years D) 6years
 
Answer & Explanation Answer: B) 2years

Explanation:

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

Let the time be n years.

Then, 30000*(1+7/100)^n=34347

n= 2 years

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Filed Under: Compound Interest
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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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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
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

21 4442
Q:

If each vowel of the word NICELY is changed to the next letter in the English alphabetical series and each consonant is changed to the previous letter in the English alphabetical series and then the alphabets are arranged in alphabetical order, which of the following will be fourth from the left?

A) M B) J
C) B D) O
 
Answer & Explanation Answer:

Explanation:

Thus after arranging the letters as per English alphabetical series; we get; Thus 4th letter from the left end will be K.

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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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Q:

The ratio of present ages of Sheetal and Divya is 6 : 5. After 8 years, their ages will be in the ratio of 22 : 19. What is the present age (in years) of Divya?

 

A) 22     B)  38    
C)  34     D) 30
 
Answer & Explanation Answer: D) 30

Explanation:
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Filed Under: Problems on Ages
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Q:

In a business, A invested 1200 rs. more than B. B invested his amount for 15 months while A invested for 4 months more than that of B. If total profit was 1240 rs. in which the profit of B is 280 Rs. less than that if A. then what was the invested amount of A?

A) 6000 B) 7000
C) 5000 D) 8000
 
Answer & Explanation Answer: A) 6000

Explanation:

Ans. 
Let B’s investment = x rs.
∴ A’s investment =( x + 1200) rs.
Ratio of the profits of A and B = (x+1200)*(15+4):x*15 = {19(x+1200)}:15x
Now,let the total profit of A =y
∴ total profit of B = (y-280)
But total profit = 1240
⇒y+(y-280)=1240
⇒2y=1520
⇒y= 760
∴profit of A = 760rs.
Profit of B = 760-280=480 rs.
Ratio of profits= 760:480 = 19:12
According to the question,

19(x+1200)/15x = 19/12

12x+14400 = 15x

⇒3x = 14400
⇒x = 4800 rs.
⇒investment of A = 4800+1200
                          = 6000 rs.

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Filed Under: Profit and Loss
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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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