Wednesday, January 31, 2018

Quant Quiz

Q-No.1 ► A sum of Rs. 5000 amount to Rs. 6050 in 2 yr. What is the rate of the interest?

15%
11%
21%
None of these
Simple interest = Amount – Principal
 = 6050 – 5000
 = Rs. 1050 


..

Q-No.2 ► What amount a man would have received on a principal of Rs. 4000 after 2 yr at simple interest at the rate of 5% p.a. ?

Rs. 4161
Rs. 5200
Rs. 4400
Rs. 4100
.. 

Amount = 4000 + 400 = Rs. 4400

Q-No.3 ► Rs. 800 become Rs. 956 in 3 yr at certain simple rate of interest. If the rate of interest increases by 4%, what amount will Rs. 800 become in 3 yr. ?

Rs. 1020.8
Rs. 1025
Rs. 1052
Data inadequate
..

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Q-No.4 ► Kriti took a lone at simple interest rate of 6% in the year with an increase of 0.5% in each subsequent year. She paid interest of Rs. 3375 after 4 year. How much loan did she take?

Rs. 12500
Rs. 33250
Rs. 15800
Cannot be determined
Total interest = Rs. 3375
 Rate = 6%
 and increasing by 0.5% every year
 Let total Loan Amount = P

 P = (3375 * 100)/(6 * 1 + 6.5 * 1 + 7 * 1 + 7.5 * 1) 
= 337500/27 
= Rs. 12500

Q-No.5 ► Shamita took a lone at simple interest at rate of 6% p.a. in the first year and it increased by 1.5 p.a. every year. If she pays Rs. 8190 as interest at the end of 3 year, what was her loan?

Rs. 36000
Rs. 35400
Cannot be determined
None of these
P = (8190 * 100)/(6 + 7.5 + 9) = 819000/22.5 = Rs. 36400

Q-No.6 ► Mr. A leads 40% of sum at 15% p.a. 50% of rest sum at 10% p.a. and the rest sum at 18% p.a. rate of interest. What would be the rate of interest, if the interest is calculated on the whole sum?

13.4% p.a.
14.33% p.a.
14.4% p.a.
13.33% p.a.
.
Let total sum = Rs. 100 

Interest on first part = (40 * 15 * 1)/(100) = Rs. 6 

Interest on second part = (30 * 10 * 1)/(100) = Rs. 3 

Interest on third part = (30 * 18 * 1)/(100) = Rs. 5.4 

Total interest = 6 + 3 + 5.4 = 14.4 

Rate of interest = 14.4%

Q-No.7 ► What will be the difference between the interest accrued on a sum of Rs. 4500 at 12% p.a. for 2 year and that on a sum of Rs. 5600 at 9% p.a. for 2 year?

Rs. 75
Rs. 72
Rs. 69
Rs. 76
SI = (4500 * 12 * 2)/100 = Rs. 1080 

SI = (5600 * 9 * 2)/100 = Rs. 1008 

Difference = 1080 – 1008 = Rs. 72

Q-No.8 ► The simple interest accrued on an amount at the end of 5 year at 12.5% is Rs. 1575. What is the amount?

Rs. 2050
Rs. 2550
Rs. 2250
Rs. 2520
P = (1575 * 100)/(12.5 * 5) 

= Rs. 2520

Q-No.9 ► A sum of Rs. 3200 become Rs. 3456 in 2 year at a certain rate of simple interest. What is the rate of interest per annum?

5.5%
6%
4%
4.5%
SI = 3456 – 3200 = Rs. 256 

R = (256 * 100)/(3200 * 2) = 4%

Q-No.10 ► What total amount would mithilesh get at the end of 3 year, if he invests an amount of Rs. 11200 in a scheme which offers simple interest at the rate of 8.5% for?

Rs. 14056
Rs. 14348
Rs. 13852
Rs. 15064
SI = (11200 * 8.5 * 3)/(100) = Rs. 2856 

Total amount = 11200 + 2856 = Rs. 14056


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