GRE Questions

Q:

An automobile financier claims to be lending money at simple interest, but he includesthe interest every six months for calculating the principal. If he is charging an interest of10%, the effective rate of interest becomes:

A) 10% B) 10.25%
C) 10.5% D) none of these
 
Answer & Explanation Answer: B) 10.25%

Explanation:

Let the sum be Rs. 100. Then,

S.I. for first 6 months = Rs.[ (100 x 10 x 1)/(100 x 2) ]= Rs.5

S.I. for last 6 months =Rs.[(102 x 10 x 1)/(100 x 2) ] = Rs.5.25

So, amount at the end of 1 year = Rs. (100 + 5 + 5.25) = Rs. 110.25

Effective rate = (110.25 - 100) = 10.25%

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Filed Under: Simple Interest
Exam Prep: GRE

14 11056
Q:

If (2a + 3b)/(5a - 3b) = 23/5 , then the value of ba is ?

A) 5 B) 4
C) 20 D) 28
 
Answer & Explanation Answer: C) 20

Explanation:

Given (2a + 3b)/(5a - 3b) = 23/5
=> 10a + 15b = 115a - 69b
=> 105a = 84b => 5a = 4b
a/b = 4/5 => a=4 & b=5
=> bxa = 5x4 = 20.

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7 10987
Q:

Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?

A) 6.5% B) 6%
C) 5% D) 4.5%
 
Answer & Explanation Answer: C) 5%

Explanation:

C.I = P1+r100t-1

 

594.5 = 58001+r1002-1

 594.55800+1=1+r1002

 

r100=1.05-1=0.05=> r = 5 % .

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

13 10949
Q:

Reena 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) 3.6 B) 6
C) 18 D) cannot be determined
 
Answer & Explanation Answer: B) 6

Explanation:

Let rate = R% and time = R years.

 

Then, 1200×R×R100=432

 12R2=432

 

=> R = 6.

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Filed Under: Simple Interest
Exam Prep: GRE
Job Role: Bank PO

6 10933
Q:

An object that has kinetic energy must be

A) At an elevated position B) Falling
C) At rest D) Moving
 
Answer & Explanation Answer: D) Moving

Explanation:

In physics, we know that the kinetic energy of an object is the energy that it possesses due to its motion. It is defined as the work needed to accelerate a body of a given mass from rest to its stated velocity.

Hence, An object that has kinetic energy must be in motion i.e, moving.

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

10 10856
Q:

A picture is copied onto a sheet of paper 8.5 inches by 10 inches. A 1.5 inch margin is left all around. What area in square inches does the picture cover?

A) 76 B) 35
C) 49 D) 38.5
 
Answer & Explanation Answer: D) 38.5

Explanation:

Draw out the diagram and you will see that the width of the picture becomes 8.5 - 3 = 5.5

The length becomes 10 - 3 = 7. The area is now 5.5 x 7 = 38.5

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Filed Under: Image Analysis
Exam Prep: GRE

54 10839
Q:

What is the sum which earned interest?
I. The total simple interest was Rs. 7000 after 7 years.
II. The total of sum and simple interest was double of the sum after 5 years.

A) I alone sufficient while II alone not sufficient to answer B) II alone sufficient while I alone not sufficient to answer
C) Either I or II alone sufficient to answer D) Both I and II are necessary to answer
 
Answer & Explanation Answer: D) Both I and II are necessary to answer

Explanation:

Let the sum be Rs. x.

I  gives, S.I. = Rs. 7000 and T = 7 years.

II gives, Sum + S.I. for 5 years = 2 x Sum Sum = S.I. for 5 years.

Now, S.I. for 7 years = Rs. 7000.

therefore, S.I. for 1 year =  Rs. 1000.

Thus, I and II both are needed to get the answer.

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Filed Under: Simple Interest
Exam Prep: GRE
Job Role: Bank PO

3 10820
Q:

The computer that process both analog and digital is called

A) Hybrid computer B) Mainframe computer
C) Digital computer D) Analog computer
 
Answer & Explanation Answer: A) Hybrid computer

Explanation:

The computer that process both analog and digital is called Hybrid computer.

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6 10782