GATE Questions

Q:

At what rate percent on simple interest will Rs.415 amount to Rs.514 in 4 years  ?

A) 4.58 % B) 5.96 %
C) 6.52 % D) 4.98 %
 
Answer & Explanation Answer: B) 5.96 %

Explanation:

Difference in amount = 514 - 415 = 99

99 = (415 x 4 x R)/100

R = 5.96%

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Filed Under: Simple Interest
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Q:

'X' sells fruits at 21% profit. If X bought it for 9% less and sold it for Rs.29 less, he would have gained 25%. The cost price of fruits is?

A) Rs. 400 B) Rs. 420
C) Rs. 460 D) Rs. 480
 
Answer & Explanation Answer: A) Rs. 400

Explanation:

Let the cost price of the fruits be 'C.P'

From the given data, after analysis it can be solved as

(121% of C.P) - (125% of 91% of C.P) = 29

121100 C.P  -  125100  x 91100 x C.P = 29121100 - 125 x 91100 x 100 C.P = 29(12100 - 125 x 91) C.P = 290000(12100 - 11375) C.P = 290000725 C.P = 290000C.P = 400

 

Hence, the cost price of the fruits = Rs. 400.

 

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Filed Under: Profit and Loss
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Q:

Find out which pair of words can be filled up in the blanks in the sentence to make the sentence meaningfully complete.

The policy on foreign direct investment in multi- brand retail may be _______ in a political impasse, but big retail chains are using India as sourcing base and making an _________ on local businesses.

A) Caught, impact B) Caught, effect
C) Fetched, affect D) Fetching, impact
 
Answer & Explanation Answer: A) Caught, impact

Explanation:

Caught - according to the sentence given caught means to become involved in something, often without wanting to.

Impasse - means a situation in which further development is impossible.

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Filed Under: Logical Sequence of Words
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Q:

A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?

A) 13.33 % B) 14.25 %
C) 16.98 % D) 18.75 %
 
Answer & Explanation Answer: D) 18.75 %

Explanation:

Given,
S.I = 3 Principal Amount
=> 3A = A x 16 x R/100
By solving, we get
=> R = 18.75%

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Filed Under: Simple Interest
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Q:

What has a foot but no legs?

Answer

A measuring device.


 


Measuring devices have feet on them to measure distance.

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Q:

A certain amount earns simple interest of Rs. 2260 after 3 years. Had the interest been 1 % more how much more interest would it have earned ?

A) Rs. 175 B) Rs. 220.75
C) Rs. 126 D) Can't be determined
 
Answer & Explanation Answer: D) Can't be determined

Explanation:

Here given Interest earned = Rs. 2260

Time = 3 years

Rate of interest = ?

Principal Amount = ?

So, it can't be determined.

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Filed Under: Simple Interest
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Q:

If x = √8 - √7, y = √6 - √5 and z = √10 - 3, which of the following is true  ?

A) x > y < z B) x < y < z
C) x > y > z D) z < x < y
 
Answer & Explanation Answer: D) z < x < y

Explanation:

x = √8 - √7 = 1/(√8 + √7) and y = √6 - √5 = 1/(√6 + √5) and z = √10 - 3 = 1/(√10 + 3)

As (√8 + √7) > (√6 + √5), (√8 - √7) < (√6 - √5)

As (√10 + 3) > (√8 + √7) > (√6 + √5)

z < x < y.

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Filed Under: Arithmetical Reasoning
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Q:

A cowboy arrives in town on Friday. He stays for 3 days and then leaves on Friday. How is that possible?

Answer

You will get the answer in the riddle itself, if you read the riddle carefully.


The riddle says "A cowboy arrives in town on Friday." So Friday is the name of the horse on which he comes. Hence, the only possibility is he arrives on the horse friday on Tuesday, stays for 3 days and leaves on the same horse on Friday. 

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Subject: Logic Puzzles Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
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