Quantitative Aptitude - Arithmetic Ability Questions

Q:

Ravi invested Rs.P in a scheme A offering simple interest at 10% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme (B) offering simple interest at 12% p.a. for five years. If the difference between the interests earned from schemes A and B was Rs. 13,00/, what is the value of P ?

A) 2500 B) 2000
C) 3000 D) 3500
 
Answer & Explanation Answer: A) 2500

Explanation:

It is given that the initial amount invested in scheme A is Rs P at 10%per Annum S.I. =PTR/100 = P x 10 x 2/100 Now the total amount after 2 years is = 1.2P New Rate of interest = 12% per annum Time = 5 years S.I for next 5 years when new principal amount is 1.2 P = 1.2Px12x5/100 = 0.72P Total amount after 5 years at 12% per annun = 1.72P Given that 1.72P - 1.2P = 1300 P = 1300/0.52 P = Rs. 2500

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Filed Under: Simple Interest

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Q:

5% discount is offered on an item. By applying a promo code the customer wins 20% cash back. What is the effective discount?

A) 28.8 percent B) 24 percent
C) 25 percent D) 21 percent
 
Answer & Explanation Answer: B) 24 percent

Explanation:
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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

What is the rate of interest (in %) if simple interest earned on a certain sum for the 3 years is Rs 6,000 and compound interest earned for 2 years is Rs 4,160?

A) 9 B) 8
C) 12 D) 6
 
Answer & Explanation Answer: B) 8

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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

A farmer travelled a distance of 61 km in 9 hours. He travelled partly on foot at a speed of 4 km/hour and partly on bicycle at a speed of 9 km/hour . The distance travelled on foot is

A) 14 km B) 16 km
C) 20 km D) 18 km
 
Answer & Explanation Answer: B) 16 km

Explanation:
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Filed Under: Time and Distance
Exam Prep: Bank Exams

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Q:

A, B and C can together do a job in 9 days. C alone can do the job in 36 days. In how many days can A and B do 50% of the job working together?

A) 6 B) 12
C) 9 D) 15
 
Answer & Explanation Answer: A) 6

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Filed Under: Time and Work
Exam Prep: Bank Exams

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Q:

Mansukh can do a piece of work in 10 hours. If he is joined by Jayanti who is 50% more efficient, in what time will they together finish the work?

A) 2 hours B) 6 hours
C) 4 hours D) 3 hours
 
Answer & Explanation Answer: C) 4 hours

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Filed Under: Time and Work
Exam Prep: Bank Exams

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Q:

If N = 0.369369369369... and M = 0.531531531531..., then what is the value of (1/N) + (1/M)?

A) 11100/2419 B) 111/100
C) 1897/3162 D) 2419/11100
 
Answer & Explanation Answer: A) 11100/2419

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Filed Under: Problems on Numbers
Exam Prep: Bank Exams

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Q:

A shopkeeper, sold cocoa seeds at the rate Rs 1330 a kg and bears a loss of 15%. Now if he decides to sell it at Rs 1463 per kg, what will be the result?

A) 13 percent loss B) 6.5 percent gain
C) 6.5 percent loss D) 13 percent gain
 
Answer & Explanation Answer: C) 6.5 percent loss

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

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