Quantitative Aptitude - Arithmetic Ability Questions

Q:

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A) 7401.22 B) 3456
C) 4567 D) 7890
 
Answer & Explanation Answer: A) 7401.22

Explanation:

With slight modifications, the basic formula can be made to deal with compounding at intervals other than annually.

 

Since the compounding is done at six-monthly intervals, 4 per cent (half of 8 per cent) will be added to the value on each occasion.

 

Hence we use r = 0.04. Further, there will be ten additions of interest during the five years, and so n = 10. The formula now gives:

 

V = P(1 + r)10 = 5,000 x (1.04)10 = 7,401.22

 

Thus the value in this instance will be £7,401.22.

 

In a case such as this, the 8 per cent is called a nominal annual

 

rate, and we are actually referring to 4 per cent per six months.

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Filed Under: Simple Interest
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Job Role: Bank PO

1 3994
Q:

How many such pair of letters are there in the word ‘TROUBLED’ which have as many letters between them in the word as they have between them in the English alphabet?

A) 2 B) 3
C) 4 D) 5
 
Answer & Explanation Answer: A) 2

Explanation:

Hence there are two pairs

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13 3989
Q:

If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?

A) 39158 B) 49158
C) 59158 D) 69158
 
Answer & Explanation Answer: B) 49158

Explanation:

i=j/m

FV = PV(1+  i)^n

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Filed Under: Compound Interest
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2 3988
Q:

There are several peacocks and deers in a cage (with no other types of animals). There are 72 heads and 200 feet inside the cage. How many peacocks are there, and how many deers ?

A) 42 & 24 B) 38 & 26
C) 36 & 24 D) 44 & 28
 
Answer & Explanation Answer: D) 44 & 28

Explanation:

Let
x = peacocks
y = deers

2x + 4y = 200
x + y = 72
y = 72 - x
2x + 288 - 4x = 200
x = 44 peacocks
y = 28 deers

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Filed Under: Numbers
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5 3982
Q:

A Bus travels first half distance between two places with a speed of 40 kmph and the rest half distance with a speed of 60 kmph. The average speed of the Bus is ?

A) 48 kmph B) 50 kmph
C) 46 kmph D) 42 kmph
 
Answer & Explanation Answer: A) 48 kmph

Explanation:

we know that speed = distance traveled/time taken
let the total distance traveled by the car is 2x km.
then time taken by it to cover first half is x/60 hour.
and for second half is x/40 hour.
Then average speed= total distance travelled / total time taken.

 

i.e. 2xx60+x40

 

=> 2x5x120

 

= 48 kmph.

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Filed Under: Time and Distance
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1 3981
Q:

A constructor estimates that 4 people can paint Mr. Karthik's house in 6 days. If he uses 5 people instead of 4, how long will they take to complete the job ?

A) 3 days B) 26/3 days
C) 13/4 days D) 24/5 days
 
Answer & Explanation Answer: D) 24/5 days

Explanation:

we know that m1 x d1 = m2 x d2
=> 4 x 6 = 5 x d
where d = no. of days taken by 5 men to paint
d = 24/5 days.

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Filed Under: Time and Work
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5 3974
Q:

Simplify: b-[b-(a+b)-{b-(b-a-b)}+2a]

A) 2b B) 1
C) 0 D) 3b
 
Answer & Explanation Answer: C) 0

Explanation:
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Filed Under: Simplification
Exam Prep: Bank Exams

14 3971
Q:

Sravan drove from home to a neighboring town at the speed of 50 km/h and on his returning journey, he drove at the speed of 45 km/h and also took an hour longer to reach home. What distance did he cover?

A) 350 kms B) 450 kms
C) 900 kms D) 700 kms
 
Answer & Explanation Answer: C) 900 kms

Explanation:

Let the distance he covered each way = d kms

According to the question,

d/45 - d/50 = 1

=> d = 450 kms.

 

Hence, the total distance he covered in his way = d + d = 2 d = 2 x 450 = 900 kms.

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14 3958