GATE Questions

Q:

Manju borrows Rs.5000 for 2 years at 4% p.a. simple interest from Sudha. She immediately lends it to another person at 6 1⁄4% p.a for 2 years. Find her gain in the transaction per year.

A) Rs. 101 B) Rs. 98.5
C) Rs. 124.3 D) Rs. 112.5
 
Answer & Explanation Answer: D) Rs. 112.5

Explanation:

Manju borrows Rs. 5000 for 2 years at 4% p.a. simple interest 

She also lends it at 6 1⁄4% p.a for 2 years 

=> Total Gain = 6 1/4% − 4% = 2 1/4%

So her gain in the transaction for 1 year

= The simple interest she gets for Rs.5000 for 1 year at 2 1⁄4% per annum

PTR100=5000×94×1100 = Rs. 112.5/ year.

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Filed Under: Simple Interest
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19 5862
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.

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17 5858
Q:

Present ages of Deepa and Hyma are in the ratio of 5:6 respectively. After four years, this ratio becomes 6: 7. What is the difference between their present ages?

A) 6 yrs B) 4 yrs
C) 8 yrs D) 2 yrs
 
Answer & Explanation Answer: B) 4 yrs

Explanation:

Let the present age of Deepa = 5p

Let the present age of Hyma = 6p

After four years their ratio = 6 : 7

=> 5p + 46p + 4 = 67

=> 35p + 28 = 36p + 24

=> p = 4

Therefore, the difference between their ages = 24 - 20 = 4 years.

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Filed Under: Problems on Ages
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12 5856
Q:

Gopal borrowed some money at 12% simple interest. If he had to pay back Rs. 1280 after 5 years, in order to clear off the loan. How much did he borrow?

A) Rs. 800 B) Rs. 620
C) Rs. 560 D) Rs. 480
 
Answer & Explanation Answer: A) Rs. 800

Explanation:

Let the principle amount be Rs. P

Interest rate = 12%

Total amount he paid after 5 years = Rs. 1280

ATQ, 

P + I = PTR100 + P1280 = PTR100 + 11280 = P5 x 12100 + 116P10 = 1280P = 80 x 10 = 800

 

Hence, the amount he borrowed = P = Rs. 800.

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Filed Under: Simple Interest
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13 5847
Q:

Three of the following four pairs of alphas and numerals have same relationship between their elements as in the case of the pair PROBLEM : 2948375 and hence form a group. Which one does not belong to the group?

A) BORE : 8497 B) MOEP : 5972
C) LBOR : 3849 D) OMEP : 4572
 
Answer & Explanation Answer: B) MOEP : 5972

Explanation:

Here simple coding language has been used. Each letter has been assigned a numeric code and the respective code of letters are in the same order as the letters. 

 

Letter      B  E  L  M  O  P  R

 

Code         8  7  3  5  4  2  9

 

 

 BORE -> 8497 -- correct

 MOEP -> 5472 But given 5972 --- Incorrect

 LBOR -> 3849  -- correct

OMEP -> 4572  -- correct

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Filed Under: Classification
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52 5844
Q:

The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is  ?

A) 3 years B) 4 years
C) 2.5 years D) 2 years
 
Answer & Explanation Answer: B) 4 years

Explanation:

P1+20100n > 2P 

 

 

 

Now, (6/5 x 6/5 x 6/5 x 6/5) > 2.

 

 

 

So, n = 4 years.

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Filed Under: Compound Interest
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11 5834
Q:

In a slip test, K got the 15th rank and he was 44th from the bottom of the list of passed students. 4 students did not take up the slip test and 3 students were failed. What is the total strenght of the class ?

A) 63 B) 62
C) 64 D) 65
 
Answer & Explanation Answer: D) 65

Explanation:

Total strength of the class is given by

15 + 44 + 4 + 3 - 1 = 65

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Filed Under: Simplification
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9 5832
Q:

The age of Manisha and Sudeshna are in the ratio of 5 : 6 respectively. After 8 years the ratio  of their ages will be 7 : 8. What is the difference of their ages ?

A) 6 B) 4
C) 8 D) 10
 
Answer & Explanation Answer: B) 4

Explanation:

Let the age of Manisha and Sudeshna is 5x and 6x years respectively.

According to the given data,

5x+8/6x+8 = 7/8

42x + 56 = 40x + 64

x = 4

Required Difference of their ages = (6 × 4)  –  (5 × 4)

= 4 years.

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Filed Under: Problems on Ages
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8 5820