Quantitative Aptitude - Arithmetic Ability Questions

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

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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
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Job Role: Bank PO

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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
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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

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Q:

An oil refinery buys oil at Rs 3600 per barrel. There is 10% wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8% tax on selling price? (in Rs per barrel)

A) 3674 B) 3711
C) 4219 D) 4536
 
Answer & Explanation Answer: D) 4536

Explanation:
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Filed Under: Average
Exam Prep: Bank Exams

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Q:

If the 14th September of an year is a Tuesday, then which day of the week will the 17th October of the same year be?

A) Thursday B) Saturday
C) Sunday D) Monday
 
Answer & Explanation Answer: C) Sunday

Explanation:
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Filed Under: Calendar
Exam Prep: Bank Exams

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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

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Q:

A bottle is sold at a loss of 9%. Had it sold for Rs. 15 more, a profit of 25/2% would have gained. What is the cost price of the bottle (approx)?

A) Rs. 32 B) Rs. 35
C) Rs. 36 D) Rs. 33
 
Answer & Explanation Answer: B) Rs. 35

Explanation:

Let the cost price of the bottle = Rs. 100

Selling price of the bottle = Rs. 100 - Rs. 9 = Rs. 91

Then, from the given data,

=> 112 (1/2) - 91 = 15

=> 21 (1/2) = 15

=> 43 = 15

Then 100 = ?

1500/43 = 34.885 =~ 35

Hence, the cost price of the bottle = Rs. 35

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

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