Aptitude Practice Question and Answer

Q: Compounding interest means interest accrues 1536 1

  • 1
    at variable rates throughout the term
    Correct
    Wrong
  • 2
    more quickly than simple interest
    Correct
    Wrong
  • 3
    more slowly than simple interest
    Correct
    Wrong
  • 4
    at the same rate as simple interest
    Correct
    Wrong
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Answer : 2. "more quickly than simple interest"
Explanation :

Answer: B) more quickly than simple interest Explanation: Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged. Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value. The formula for calculating compound interest is: [P (1 + i)n] – P = P [(1 + i)n – 1] (Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.) Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be: Rs. 10,000 [(1 + 0.05)3] – 1 = 10,000 [1.157625 – 1] = Rs. 1,576.25.   How it grows ::

Q: The equivalent single discount for two successive discount of 15% and 10% is 1884 1

  • 1
    25%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    23.5%
    Correct
    Wrong
  • 4
    20.85%
    Correct
    Wrong
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Answer : 3. " 23.5%"
Explanation :

Q: The difference between 4632 and 20000 is what number 2853 0

  • 1
    15368
    Correct
    Wrong
  • 2
    12652
    Correct
    Wrong
  • 3
    14562
    Correct
    Wrong
  • 4
    14965
    Correct
    Wrong
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Answer : 1. "15368"
Explanation :

Answer: A) 15368 Explanation: The difference between 4632 and 20000 is given by subtracting smaler number from the bigger number. Here the bigger number is 20000 Smaller number is 4632 Now, subtracting 4632 from 20000 20000 - 4632 = 15368 and the resut is an even number.   Hence, The difference between 4632 and 20000 is 15368 and is an even number.

Q: The ages of Sunitha and Pranitha are 40 years and 60 years, respectively. How many years before the ratio of their ages was 3 : 5? 1466 0

  • 1
    10 years
    Correct
    Wrong
  • 2
    15 years
    Correct
    Wrong
  • 3
    18 years
    Correct
    Wrong
  • 4
    24 years
    Correct
    Wrong
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Answer : 1. "10 years"
Explanation :

Answer: A) 10 years Explanation: Given the ages of Sunitha and Pranitha are 40 years and 60 years. Let before 'm' years, their ages be in the ratio of 3 : 5 ATQ, 40-m60-m = 35 => 200 - 5m = 180 - 3m =>2m = 20 => m = 10 years.

Q: Which of the following fraction is the largest? 1213 1

  • 1
    7/12
    Correct
    Wrong
  • 2
    9/16
    Correct
    Wrong
  • 3
    13/20
    Correct
    Wrong
  • 4
    32/80
    Correct
    Wrong
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Answer : 1. "7/12"
Explanation :

Answer: A) 7/12 Explanation: Here to say which fraction is greater from the given options, the fraction with greater numerator with same denominator or smaller denominator with same numerator. To find the greater fraction, among the given options, make the denominators same for the options by finding the LCM of all the denominators. 7/12, 9/16, 13/20, 32/80 Now, LCM of 12, 16, 20, 80 = 240. Then, 140/240, 135/240, 156/240, 96/240 Here  156240 > 140240 > 135240 > 96240=> 1320 > 712 > 916 > 3280   Hence, largest fraction = 13/20.

Q: A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum? 1529 1

  • 1
    30%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"

Q: X’s income is 20% more than that of Y. What percent is Y’s income less than x? 1364 0

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    $$66{1\over 3}\%$$
    Correct
    Wrong
  • 2
    $$16{2\over 3}\%$$
    Correct
    Wrong
  • 3
    $$88{2\over 3}\%$$
    Correct
    Wrong
  • 4
    $$16{1\over 3}\%$$
    Correct
    Wrong
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Answer : 2. " $$16{2\over 3}\%$$"
Explanation :

Q: What sum of money must be given at simple interest for six months at 4% per annum in order to earn Rs. 150 interest? 2668 2

  • 1
    Rs. 5000
    Correct
    Wrong
  • 2
    Rs. 7500
    Correct
    Wrong
  • 3
    Rs. 10000
    Correct
    Wrong
  • 4
    Rs. 15000
    Correct
    Wrong
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Answer : 2. "Rs. 7500"
Explanation :

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