How do I compute the financial advantages and disadvantages of taking Social Security as soon as I'm eligible?

How do I compute the financial advantages and disadvantages of taking Social Security as soon as I'm eligible?
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I receive a statement every year from Social Security 2 months before my birthday. It tells me what my payment will be at age 62 if I stop working then. It tells me what the payment will be at full retirement age 66 and 8 months if I quit working at that time. It tells me what I will make at age 70, if I work up until that time. It also tells me what I would make if I became disabled at this time. Is this what you mean?
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Kathir and Anand can do a work in 20 days and 30 days respectively. Kathir started the work and left after 4 days. Anand took over and completed the work. In how many days was the total work completed? a) 28 days b) 20 days c) 23 days d) 25 days e) 26 days

Description : Kathir and Anand can do a work in 20 days and 30 days respectively. Kathir started the work and left after 4 days. Anand took over and completed the work. In how many days was the total work completed? a) 28 days b) 20 days c) 23 days d) 25 days e) 26 days 

Last Answer : a Kathir’s one day’s work= 1/20 Kathir’s 4 day’s work =4* (1/20) = 1/5 Work left= 1-1/5 = 4 /5 Anand’s one day’s work= 1/30 Anand can do work in = (4/5) *(30/ 1) = 24 days So total days = 24+4 = 28 days

Arun started a business with Rs. 40,000 and is joined afterwards by Arul with Rs.60, 000. After how many months did Arul join if the profits at the end of the year are divided equally? a) 3 b) 4 c) 5 d) 6 e) 2

Description : Arun started a business with Rs. 40,000 and is joined afterwards by Arul with Rs.60, 000. After how many months did Arul join if the profits at the end of the year are divided equally? a) 3 b) 4 c) 5 d) 6 e) 2

Last Answer : b Suppose, Arul joined after x months.  Then, 40000 * 12 = 60000 * (12 – x) => 48 = 72 - 6x => 6x = 24 → x = 4

A letter lock consists of four rings each marked with five different letters. The number of distinct unsuccessful attempts to open the lock is at the most -. a) 625 b) 676 c) 576 d) 624 e) 575

Description : A letter lock consists of four rings each marked with five different letters. The number of distinct unsuccessful attempts to open the lock is at the most -. a) 625 b) 676 c) 576 d) 624 e) 575

Last Answer : d Since each ring consists of five different letters, the total number of attempts possible with the four rings is =5 * 5 * 5 * 5 = 625. Of these attempts, one of them is a successful attempt. Maximum number of unsuccessful attempts = 625 - 1 = 624.

On selling 25 balls at Rs. 1015, there is a profit equal to the cost price of 10 balls. What is the cost price of a ball? a) Rs. 31 b) Rs. 29 c) Rs. 35 d) Rs. 27 e) Rs. 39

Description : On selling 25 balls at Rs. 1015, there is a profit equal to the cost price of 10 balls. What is the cost price of a ball? a) Rs. 31 b) Rs. 29 c) Rs. 35 d) Rs. 27 e) Rs. 39

Last Answer : b Profit = (S.P of 25 balls) - (C.P of 25 balls) = 1015 - (C.P of 25 balls) Given that Profit = (C.P of 10 balls) => 1015 - (C.P of 25 balls) = (C.P of 10 balls) => (C.P of 25 balls) + (C.P of 10 balls) = 1015 => C.P of 35 balls = 1015 => C.P of 1 ball=1015 / 35 = Rs. 29

Simple interest on a certain sum of money for 4 years at 5% per annum is half the compound interest on Rs. 8000 for 2 years at 10% per annum. The sum placed on simple interest is: a) Rs.4200 b) b)Rs.4250 c) Rs.5250 d) Rs.5200 e) Rs.4000

Description : Simple interest on a certain sum of money for 4 years at 5% per annum is half the compound interest on Rs. 8000 for 2 years at 10% per annum. The sum placed on simple interest is: a) Rs.4200 b) b)Rs.4250 c) Rs.5250 d) Rs.5200 e) Rs.4000

Last Answer : a C.I = 8000 * (1+(10/100))2 –8000  = 8000 *110/100 * 110/100 – 8000 = 9680 – 8000 = Rs.1680 Therefore, S.I = C.I / 2 = 1680 / 2=Rs. 840 840 = sum * 4 * 5 / 100 :. Sum = Rs.(840 * 100)/ (4 *5) = Rs.4200

Two stations X and Y are 170 km apart on a straight line. One train starts from X at 6 a.m. and travels towards Y at 25 kmph. Another train starts from Y at 8 a.m. and travels towards X at a speed of 35 kmph. At what time will they meet? a) 11. 30 a.m b) 10.30 a.m c) 11 a.m d) 9 a.m e) 10 am

Description : Two stations X and Y are 170 km apart on a straight line. One train starts from X at 6 a.m. and travels towards Y at 25 kmph. Another train starts from Y at 8 a.m. and travels towards X at a speed of 35 kmph. At what time will they meet? a) 11. 30 a.m b) 10.30 a.m c) 11 a.m d) 9 a.m e) 10 am

Last Answer : e Suppose they meet z hours after 6 a.m. Distance covered by X in z hours = 25× z km. Distance covered by Y in (z - 2) hours = 35(z - 2) km. Therefore 25z + 35(z- 2) = 170 60z = 240 x = 4. So, they meet at 10 a.m.

A boat running downstream covers a distance of 20 km in 5 hours while for covering the same distance upstream, it takes 10 hours. What is the speed of the stream? a) 2km/hr b) 4km/hr c) 1km/hr d) 1.5 km/hr e) None of these

Description : A boat running downstream covers a distance of 20 km in 5 hours while for covering the same distance upstream, it takes 10 hours. What is the speed of the stream? a) 2km/hr b) 4km/hr c) 1km/hr d) 1.5 km/hr e) None of these

Last Answer : c Rate of downstream=(20 / 5 ) kmph= 4kmph Rate of upstream =( 20/10) kmph= 2kmph Therefore Speed of the stream= (1/2)(4 - 2) kmph= 1 kmph

Three pipes P, Q and R can fill a tank from empty to full in 40 minutes, 15 minutes, and 30 minutes respectively. When the tank is empty, all the three pipes are opened. P, Q and R discharge chemical solutions X, Y and Z respectively. What is the proportion of the solution Y in the liquid in the tank after 5 minutes? a) 8 / 15 b) 7 / 15 c) 8 / 17 d) 6 / 13 e) 8 / 13

Description : Three pipes P, Q and R can fill a tank from empty to full in 40 minutes, 15 minutes, and 30 minutes respectively. When the tank is empty, all the three pipes are opened. P, Q and R discharge chemical solutions X, Y and Z respectively. ... 5 minutes? a) 8 / 15 b) 7 / 15 c) 8 / 17 d) 6 / 13 e) 8 / 13

Last Answer : a Part of the tank filled by pipe P in 1 minute = 1 / 40 Part of the tank filled by pipe Q in 1 minute = 1 / 15 Part of the tank filled by pipe R in 1 minute = 1/ 30 Here we have to find the proportion of ... together in 5 minute = 5 1/8 = 5/ 8 Required proportion = (1/3) / ( 5/8) = 8 / 15

P walks around a circular field at the rate of two rounds per hour while Q runs around it at the rate of eight rounds per hour. They start in the opposite direction from the same point at 6.45 a.m. They shall first cross each other at? a) 6.45 a.m b) 6.50 a.m c) 7.51 a.m d) 6.51 a.m e) 7.45 am

Description : P walks around a circular field at the rate of two rounds per hour while Q runs around it at the rate of eight rounds per hour. They start in the opposite direction from the same point at 6.45 a.m. They shall first cross each other at? a) 6.45 a.m b) 6.50 a.m c) 7.51 a.m d) 6.51 a.m e) 7.45 am

Last Answer : d Since P and Q move in the opposite direction along the circular field, so they will first meet each other when there is a difference of one round between the two. Relative speed of P and Q = 8+2 = 10 rounds per hour. Time ... 1/10 hr = 6 min. 6 Hrs 45 min + 6 min = 6 hrs 51 min i.e, 6.51 a.m

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Last Answer : b Let age of the daughter before 10 years = x Then, age of Madhan before 10 years = 3x After 10 years, Madhan will be twice as old as his daughter. ⇒ 3x + 20 = 2( x+20) ⇒ x = 20 ⇒ Present age of Madhan = 3x + 10 = 3× 20+ 10 = 70 years.

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