GATE Questions

Q:

A certain amount earns simple interest of Rs. 2260 after 3 years. Had the interest been 1 % more how much more interest would it have earned ?

A) Rs. 175 B) Rs. 220.75
C) Rs. 126 D) Can't be determined
 
Answer & Explanation Answer: D) Can't be determined

Explanation:

Here given Interest earned = Rs. 2260

Time = 3 years

Rate of interest = ?

Principal Amount = ?

So, it can't be determined.

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Filed Under: Simple Interest
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18 5632
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.

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20 5619
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 5614
Q:

How many laws of physics are there?

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

Explanation:

Physics has 5 laws. But the 3 laws of Newton has been clubbed together under one Law. Therefore there are 3 Newtons laws of Physics. They are ::

 

1. Newtons Laws of Motion

    a. First Law of Motion

    b. Second Law of Motion

    C. Third Law of Motion

 

2. Newtons Law of Cooling

 

3. Newtons Law of Gravitation.

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Filed Under: Physics
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10 5611
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%

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Filed Under: Simple Interest
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7 5610
Q:

I am always infront of you, but you will never see me. Who am I?

A) Mirror B) Shadow
C) Future D) None of the above
 
Answer & Explanation Answer: C) Future

Explanation:

Yes, future is always infront of us, but no one can see it.

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3 5607
Q:

A & B invest Rs. 1,16,000 & 1,44,000 respectively. B invests for 6 months. At the end of the year, B’s share is Rs. 9000, find the overall profit?

A) Rs. 23,500 B) Rs. 19,780
C) Rs. 21,700 D) Rs. 20,050
 
Answer & Explanation Answer: A) Rs. 23,500

Explanation:

Given A & B in partnership

A Invests 116000 for 12 months 

=> A's share = 116000 x 12 = 13,92,000

B Invests for 6 months

=> B's share = 144000 x 6 = 8,64,000

Their Ratio = 1392 : 864 = 29 : 18

Let the Annual profit = P

Given B's share = Rs. 9000

=> 18/47 x P = 9000

=> P = 9000 x 47/18

=> P = 23,500

Hence, Overall profit = P = Rs. 23,500

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Filed Under: Partnership
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12 5605
Q:

Value of vehicle at end of each year depreciates at the rate of 3/5th of value at the beginning. If Initial value is 10,000Rs then at the end of three years its value is ? 

A) Rs. 6000 B) Rs. 3600
C) Rs. 2160 D) Rs. 415
 
Answer & Explanation Answer: C) Rs. 2160

Explanation:

End of first year     :  10000 x (3/5) = Rs. 6000
End of second year :  6000 x (3/5) = Rs. 3600
End of third year    :  3600 x (3/5) = Rs. 2160

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Filed Under: Percentage
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2 5600