Quantitative Aptitude - Arithmetic Ability Questions

Q:

Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years? 

A) Rs. 3845 B) Rs. 4826
C) Rs. 5142 D) Rs. 4415
 
Answer & Explanation Answer: B) Rs. 4826

Explanation:

We know the formula for calculating

The compound interest C = P1 + r100n - 1 where P = amount, r = rate of interest, n = time

Here P = 5000, r1 = 10, r2 = 20

Then C = 65001 + 101002 x 1 + 201002 - 1= 6500 x 18562500= 65 x 185625

C = Rs. 4826.

Report Error

View Answer Report Error Discuss

20 5114
Q:

What is the probability of an impossible event?

A) 0 B) -1
C) 0.1 D) 1
 
Answer & Explanation Answer: A) 0

Explanation:

The probability of an impossible event is 0.

The event is known ahead of time to be not possible, therefore by definition in mathematics, the probability is defined to be 0 which means it can never happen.

 

The probability of a certain event is 1.

Report Error

View Answer Report Error Discuss

17 5104
Q:

Find the sum of the all the numbers formed by the digits 2,4,6 and 8 without repetition. Number may be of any of the form like 2,24,684,4862 ?

A) 133345 B) 147320
C) 13320 D) 145874
 
Answer & Explanation Answer: B) 147320

Explanation:

Sum of 4 digit numbers = (2+4+6+8) x P33 x (1111) = 20 x 6 x 1111 = 133320 


Sum of 3 digit numbers = (2+4+6+8) x P23 x (111) = 20 x 6 x 111 = 13320 


Sum of 2 digit numbers = (2+4+6+8) x P13 x (11) = 20 x 3 x 11 = 660 


Sum of 1 digit numbers = (2+4+6+8) x P03 x (1) = 20 x 1 x 1 = 20 

 

Adding All , Sum = 147320

Report Error

View Answer Report Error Discuss

Filed Under: Permutations and Combinations
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

2 5103
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) 19296 B) 19396
C) 19496 D) 19596
 
Answer & Explanation Answer: A) 19296

Explanation:

The single equivalent payment will be PV + FV.
FV = Future value of $10,000, 12 months later
 $10,000 *(1.0075)/12
 $10,938.07
PV=  Present value of $10,000, 24 months earlier
 $10,000/(1.0075)24
 $8358.31
The equivalent single payment is
$10,938.07 + $8358.31 = $19,296.38

Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

2 5093
Q:

Which of the following year is a leap year?

A) 2500 B) 1700
C) 1900 D) 2400
 
Answer & Explanation Answer: D) 2400

Explanation:

NOTE: For a century year,it is divided by 400 and leaving a ramainder of 0 results a leap year.

So,2400 when divided by 400 leaves a remainder 0.

Report Error

View Answer Report Error Discuss

Filed Under: Calendar

7 5091
Q:

A person in a bet 40 shots taken. 50p for a hit, 10p for a miss.(he have to give). Finally he has Rs.5. How many hits he have ?

A) 15 B) 20
C) 25 D) 30
 
Answer & Explanation Answer: A) 15

Explanation:

Let number of hit shots be 'X'
Let number of miss shots be 'Y'
Given X + Y = 40....(1)
50X - 10Y = 500.....(2)
Solving 1 and 2, we get
X = 15 and Y = 25
Therefore, number of hits = 15

Report Error

View Answer Report Error Discuss

Filed Under: Problems on Numbers
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

2 5089
Q:

On Rs. 3500 invested at a simple interest rate of 7 per cent per annum, Rs. 500 is obtained as interest in certain years. In order to earn Rs. 800 as interest on Rs. 4900 in the same number of years, what should be the rate of simple interest?

A) 8% B) 7.5%
C) 9% D) 8.5%
 
Answer & Explanation Answer: A) 8%

Explanation:

From the given data,

3500x7xt/100 = 500

=> t = 100/49 years

Now, in the second case

The interest per year = 49/100 x 800 = 392

 => 4900 x 1 x r/100 = 392

=> r = 8%

Report Error

View Answer Report Error Discuss

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

10 5086
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%

Report Error

View Answer Report Error Discuss

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

7 5085