Quantitative Aptitude - Arithmetic Ability Questions

Q:

A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments

A) $53 B) $42
C) $62 D) $82
 
Answer & Explanation Answer: D) $82

Explanation:

Total repayment amount = $1600 + $368
= $1968
= $82

regular payment= total amount/number of repayments

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Filed Under: Simple Interest
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1 4817
Q:

If a quarter kg of carrots costs 60 paise, how many paise will 200 gms cost ?

A) 78 paise B) 48 paise
C) 54 paise D) 62 paise
 
Answer & Explanation Answer: B) 48 paise

Explanation:

Quarter of Kg means 250 gm

Less weight, less price (Direct Proportion)

So,

250 : 200 :: 60 : x => x = 48

So 200 gm will cost 48 paise.

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Filed Under: Chain Rule
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33 4810
Q:

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

A) 1710.29 B) 2710.29
C) 3710.29 D) 4710.29
 
Answer & Explanation Answer: C) 3710.29

Explanation:

i=j/m

n =m(Term) = 2(15.5)  =31

Fair market value  Present value of the face value

 =FV(1+  i)^-n

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Filed Under: Compound Interest
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4 4806
Q:

A jeep travels a certain distance taking 6 hrs in forward journey, during the return journey increased speed 12km/hr takes the times 4 hrs. What is the distance travelled by the jeep is ?

A) 244 km B) 144 km
C) 444 km D) 344 km
 
Answer & Explanation Answer: B) 144 km

Explanation:

Given a jeep travels a certain distance taking 6 hrs in forward journey
During the return journey, it takes 4 hrs with an increased speed 12 km/hr
Let 'x' be the distance.
Now, speed is given by distance/time.
Here the difference between both speeds = 12

 x4 - x6 = 12

 3x - 2x12 = 12

 

=> x = 144 km

 

Therefore, the distance travelled by the jeep in forward or return journey is x = 144 km.

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Filed Under: Time and Distance
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3 4803
Q:

A sum was invested for 3 years at simple interest at a certain rate. Had it been invested at 4% higher rate of interest, it would have fetched Rs 600 more. The sum is

A) Rs 4000 B) Rs 4950
C) Rs 5000 D) Rs 5150
 
Answer & Explanation Answer: C) Rs 5000

Explanation:

Let the rate of interest be R

(Interest at rate (R+4)%)–(Interest at R%)

= 600(PT(R+4)/100) –(PTR/100)

= 6003PR +12P –3PR = 60000

12P = 60000

P = 5000

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Filed Under: Simple Interest

5 4802
Q:

One lady has 2 children, one of her child is boy, what is the probability of having both are boys ?

A) 1/3 B) 1/2
C) 2/3 D) 2/5
 
Answer & Explanation Answer: A) 1/3

Explanation:

In a family with 2 children there are four possibilities:
1) the first child is a boy and the second child is a boy (bb)
2) the first child is a boy and the second child is a girl (bg)
3) the first child is a girl and the second child is a boy (gb)
4) the first child is a girl and the second child is a girl (gg)

But already given that one child is boy. So we have three possibilities of (bb)(bg)(gb).
n(E)= both are boys=BB=1
n(S)= 3
Required probability P = n(E)/n(S) = 1/3.

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Filed Under: Probability
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10 4799
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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13 4797
Q:

A flagstaff 17.5 m high casts a shadow of length 40.25 m. What will be the height of a building, which casts a shadow of length 28.75 m under similar conditions ?  

A) 14 cm B) 13.5 cm
C) 12.5 cm D) 11.4 cm
 
Answer & Explanation Answer: C) 12.5 cm

Explanation:

Let the required height of the building be x meter

More shadow length, More height(direct proportion)

Hence we can write as

(shadow length) 40.25 : 28.75 :: 17.5 : x
⇒ 40.25 × x = 28.75 × 17.5
⇒ x = 28.75 × 17.5/40.25
= 2875 × 175/40250
= 2875 × 7/1610
= 2875/230
= 575/46
= 12.5 cm

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Filed Under: Height and Distance
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17 4792