Quantitative Aptitude Practice Question and Answer

Q: Mr. Shankar spends 25% of his monthly salary on household expenditure, 20% of the remaining on children’s education, and the remaining is equally invested in three different schemes. If the amount invested in each scheme is Rs.5600, what is the monthly salary of Shankar ? 524 0

  • 1
    Rs. 34000
    Correct
    Incorrect
  • 2
    Rs. 31245
    Correct
    Incorrect
  • 3
    Rs. 24315
    Correct
    Incorrect
  • 4
    Rs. 28000
    Correct
    Incorrect
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Answer : 4. "Rs. 28000"
Explanation :

Answer: D) Rs. 28000 Explanation: Let the monthly salary of Shankar be = Rs.xAmount invested on expenditure = 25% = x/4;Remaning amount = 3x/4;Amount invested on children education = 20% i.e = 3x/20;Remaining amount = 3x/4 - 3x/20 = 3x/5;Remaining amount invested in three different schemes i.e is 1/3(3x/5) => x/5 = 5600Therefore x = 28000Hence, Monthly salary of Shankar is Rs. 28,000.

Q: What would be the compound interest obtained on an amount of Rs.1250 at the rate of 8 percent per annum after 2 years? 297 0

  • 1
    Rs.200
    Correct
    Incorrect
  • 2
    Rs.208
    Correct
    Incorrect
  • 3
    Rs.212
    Correct
    Incorrect
  • 4
    Rs.220
    Correct
    Incorrect
  • 5
    None of these
    Correct
    Incorrect
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Answer : 2. "Rs.208"

Q: What amount of compound interest can be obtained on the principal amount of Rs. 15800 at the rate of 6 percent per annum at the end of 2 years? 123 0

  • 1
    Rs 1,896
    Correct
    Incorrect
  • 2
    Rs.2012.48
    Correct
    Incorrect
  • 3
    Rs. 1952.88
    Correct
    Incorrect
  • 4
    Rs.1,956
    Correct
    Incorrect
  • 5
    None of these
    Correct
    Incorrect
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Answer : 3. "Rs. 1952.88"

Q: Find the compound interest on Rs.6250 at 12% per annum rate for one year if interest is calculated on half yearly basis. 98 0

  • 1
    Rs 772.50
    Correct
    Incorrect
  • 2
    Rs 772
    Correct
    Incorrect
  • 3
    Rs 662
    Correct
    Incorrect
  • 4
    Rs 663
    Correct
    Incorrect
  • 5
    None of these
    Correct
    Incorrect
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Answer : 1. "Rs 772.50"

Q: What will be Compound interest on Rs 2000 at 20% per annum rate for 1 year and 6 months, if interest is compounded on half-yearly basis. 76 0

  • 1
    Rs 665
    Correct
    Incorrect
  • 2
    Rs 656
    Correct
    Incorrect
  • 3
    Rs 662
    Correct
    Incorrect
  • 4
    Rs 663
    Correct
    Incorrect
  • 5
    None of these
    Correct
    Incorrect
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Answer : 3. "Rs 662"

Q: The simple interest accrued on an amount of Rs 15,000 at the end of three year is Rs 2,250. What would be the compound interest accrued on the same amount at the same rate in the same period? 107 0

  • 1
    Rs 8934.6784
    Correct
    Incorrect
  • 2
    Rs 8017.5744
    Correct
    Incorrect
  • 3
    Rs 7861.8754
    Correct
    Incorrect
  • 4
    Cannot be determined
    Correct
    Incorrect
  • 5
    None of these
    Correct
    Incorrect
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Answer : 5. "None of these"

Q: A sum of money at compound interest amounts to thrice itself in three years. In how many years will it be 81 times itself? 91 0

  • 1
    27
    Correct
    Incorrect
  • 2
    9
    Correct
    Incorrect
  • 3
    12
    Correct
    Incorrect
  • 4
    15
    Correct
    Incorrect
  • 5
    None of these
    Correct
    Incorrect
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Answer : 3. "12"

Q: Sudhanshu invested Rs.15,000 at interest 10 percent at per annum for one year. If the interest is compounded every six months what amount will Sudhanshu get at the end of the year? 89 0

  • 1
    Rs. 16,537.50
    Correct
    Incorrect
  • 2
    Rs.16,500
    Correct
    Incorrect
  • 3
    Rs. 16,525.50
    Correct
    Incorrect
  • 4
    Rs.18,150
    Correct
    Incorrect
  • 5
    None of these
    Correct
    Incorrect
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Answer : 1. "Rs. 16,537.50 "

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