The compound interest accrued on an amount of Rs. 25,500 at the end of three years is Rs. 8,440.5.What would be the simple interest accrued on the same amount at the same rate in the same period? a) Rs. 5,450/- b) Rs. 8,750/- c) Rs. 4,350/- d) Rs. 3,650/- e) Rs. 7,650/-

The compound interest accrued on an amount of Rs. 25,500 at the end of three years is Rs. 8,440.5.What would be the simple interest accrued on the same amount at the same rate in the same period? a) Rs. 5,450/- b) Rs. 8,750/- c) Rs. 4,350/- d) Rs. 3,650/- e) Rs. 7,650/- 
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1 Answer

Answer :

A = P + Interest

= 25500 + 8440.5 = 33940.5

A = P + 1 + (R/100)^3

33940.5 = 25500 a + R/100)^3

a + R/100)^3 = 33940.5 / 25500

a + R/100)^3 = 1.331

a + R/100)^3 = a.1)^3

1 + R/100 = 1.1

R/100 = 1.1 - 1

R/100 = 0.1

R = 0.1×100

R = 10%

Simple Interest = Principle × Rate × Time / 100

= 25500 × 10 × 3/100 = 7650

Answer: e)


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Description : A and B enter into a partnership. A contributes Rs. 16,000 and B Rs. 12,000. At the end of 6 months C joins them with a capital of Rs. 20,000. In what ratio should they divide their annual profit? a) 8:6:5 b) 4 :3 :5 c) 5:6:8 d) 5:3:4 e) 5:7:8

Last Answer : a) 8:6:5

The sale price of an article including the sale tax is Rs. 616. The rate of sale tax is 10% . If the shopkeeper has made a profit of 12%, the cost price of the article is [The Pearson Guide book] A. Rs 500 B. Rs 515 C. Rs 550 D. Rs 600

Description : The sale price of an article including the sale tax is Rs. 616. The rate of sale tax is 10% . If the shopkeeper has made a profit of 12%, the cost price of the article is [The Pearson Guide book] A. Rs 500 B. Rs 515 C. Rs 550 D. Rs 600

Last Answer : Answer – A. Rs 500 Explanation – 110% of S.P. = 616 = S.P. = Rs.(616 x 100/110) = Rs.560. C.P. = Rs (100/112 x 560) = Rs 500

Ajay reads at an average rate of 30 pages per hour, while Vikram reads at an average rate of 40 pages per hour. If Ajay starts reading a novel at 4:30 PM and Vikram begins reading an identical copy of the same book at 5:20 PM, at what time will they be reading the same page? a) 7:50 PM b) 8:15 PM c) 8:40 PM d) 9:00 PM e) 9:25 PM

Description : Ajay reads at an average rate of 30 pages per hour, while Vikram reads at an average rate of 40 pages per hour. If Ajay starts reading a novel at 4:30 PM and Vikram begins reading an identical copy of the same book at 5:20 PM, at ... same page? a) 7:50 PM b) 8:15 PM c) 8:40 PM d) 9:00 PM e) 9:25 PM

Last Answer : Ajay reads at average rate of 30 pages per hour ie. 1 page in every two minutes. Therefore, by 5:20 PM, he would have covered 25 pages By 6:20 PM, Ajay would have read 25+30 pages and Vikram would have ... and he will also finish 100 pages Hence, both of them will be on same page at 7:50 Answer: a)

A started a business with Rs. 21,000 and is joined afterwars by B with Rs. 36,000. After how many months did B join if the profits at the end of the year are divided equally? A.8 months B.2 months C.5 months D.7 months

Description : A started a business with Rs. 21,000 and is joined afterwars by B with Rs. 36,000. After how many months did B join if the profits at the end of the year are divided equally? A.8 months B.2 months C.5 months D.7 months

Last Answer : Answer – C (5 months) Explanation – let B joined after x months Then, 21000 x 12 = 36000 x (12 – x)36 = 180x = 5Hence, B joined after 5 months

A shopkeeper declares that he sells rice at the cost price. However he uses a weight of 425 grams. Instead of 500 grams, what is his percentage of profit? a) a) 16 5/6 b) 15 c) c) 20 7/23 d) 25 e) None of these

Description : A shopkeeper declares that he sells rice at the cost price. However he uses a weight of 425 grams. Instead of 500 grams, what is his percentage of profit? a) a) 16 5/6 b) 15 c) c) 20 7/23 d) 25 e) None of these

Last Answer : % profit = Loss/Actual Weight x 100 = 500 – 425/500 × 100 = 75/500 x 100 = 15% Answer: b)

What is the maximum strength prescribed for State Legislative Assemblies? ((1) 350 (2) 600 (3) 500 (4) 750

Description : What is the maximum strength prescribed for State Legislative Assemblies? ((1) 350 (2) 600 (3) 500 (4) 750

Last Answer : (3) 500 Explanation: Its maximum size as outlined in the Constitution of India is not more than 500 members and not less than 60. However, the size of the Vidhan Sabha can be less than 60 members through an Act of Parliament, such is the case in the states of Goa, Sikkim and Mizoram.

While placing of concrete the thickness of each layer for R.C.C. is [ A ] 150 to 300 mm [ B ] 450 mm [ C ] 500 to 750 mm [ D ] 500 mm

Description : While placing of concrete the thickness of each layer for R.C.C. is [ A ] 150 to 300 mm [ B ] 450 mm [ C ] 500 to 750 mm [ D ] 500 mm

Last Answer : [ A ] 150 to 300 mm

In cement pressure grouting holes should be drilled at spacing in both direction at a) 150 – 500 mm b) 450 mm c) 500 – 750 mm* d) 1000 mm

Description : In cement pressure grouting holes should be drilled at spacing in both direction at a) 150 – 500 mm b) 450 mm c) 500 – 750 mm* d) 1000 mm

Last Answer : c) 500 – 750 mm*

Cost of fencing a circular plot at the rate of Rs.15 per metre is Rs.3, 300. What will be the cost of flooring the plot at the rate of Rs.100 per square metre? a) Rs.3, 85,000 b) Rs.4, 70,000 c) Rs.2, 25,000 d) Rs.3, 50,000 e) Rs.2, 95,000

Description : Cost of fencing a circular plot at the rate of Rs.15 per metre is Rs.3, 300. What will be the cost of flooring the plot at the rate of Rs.100 per square metre? a) Rs.3, 85,000 b) Rs.4, 70,000 c) Rs.2, 25,000 d) Rs.3, 50,000 e) Rs.2, 95,000

Last Answer : Perimeter of plot = 3300/15 = 220 meter 2πr = 220 2 × 22/7 × r = 220 r = 35 m. Area of plot = πr^2 = 22/7 × 35 × 35 = 3850 mt^2 Cost of flooring = 3850 × 100=Rs. 385000 Answer: a)

Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully paid. Average expected profit is Rs.8,500. Transfer to reserves is 10%. Pref. dividend is payable. NRR is 9%. The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20s

Description : Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully ... . The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20

Last Answer : Rs.10.70

Arun and Bharat started a business with investments of Rs.10000 and Rs.15000 respectively. Arun being a working partner gets Rs.100 every month as salary from the profit. At the end of one year the business makes a profit of Rs.4800. Find the total share of Arun out o this amount (in Rs.) a)2880 b)2640 c)3240 d)2760

Description : Arun and Bharat started a business with investments of Rs.10000 and Rs.15000 respectively. Arun being a working partner gets Rs.100 every month as salary from the profit. At the end of one year the business makes a ... the total share of Arun out o this amount (in Rs.) a)2880 b)2640 c)3240 d)2760

Last Answer : b)2640