If the compound interest accrued on an amount of Rs.15,000/- in two years is Rs.2,496/-.What is the rate of interest p.c.p.a.? a) 8 b) 12 c) 7.5 d) Cannot be determined e) None of these

If the compound interest accrued on an amount of Rs.15,000/- in two years is Rs.2,496/-.What is the rate of interest p.c.p.a.?
a) 8
b) 12
c) 7.5
d) Cannot be determined
e) None of these
by

1 Answer

Answer :

Let the rate of interest p.c.p.a. be x.
2496 =15000 * x /100
x = 16.64
16.64 is the rate of interest compounded for two year & for one year = 8%
8% C.I. table for two year.
I year = 8%
II year = 8.64
Total =16.64%
Answer: a)
by

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Income and expenses for the year 2012 are– Fee Received in Cash – Rs.24,000 Accrued Fee – Rs.6,000 Rent for Chamber Paid – Rs.6,000 Outstanding Rent – Rs.2,000 Salary Paid to Staff – Rs.6,000 Miscellaneous Expenses Paid – Rs.200 Salary paid in advance to staff included in the above : Rs. 1,000. What is the income under accrual basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Last Answer : Answer: Rs. 13,200

The population of city S increased from 650,000 in 2000 to 700,000 in 2010, and it is projected that the population will increase by the same number from 2010 to 2020. Approximately what is the projected percent increase in population from 2010 to 2020 ? a) 7.1% b) 7.7% c) 8.3% d) 14.3% e) 15.3%

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A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

Description : A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

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An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

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Hemant sold 10 sarees for a total profit of Rs. 460 and 12 sarees for a total profit of Rs. 144. At what profit per saree should he sell the remaining 20 sarees so that he gets an average profit of Rs. 18 per sarees? A. Rs 7.10 B. Rs 7.60 C. Rs 7.99 D. Rs 8

Description : Hemant sold 10 sarees for a total profit of Rs. 460 and 12 sarees for a total profit of Rs. 144. At what profit per saree should he sell the remaining 20 sarees so that he gets an average profit of Rs. 18 per sarees? A. Rs 7.10 B. Rs 7.60 C. Rs 7.99 D. Rs 8

Last Answer : Answer – B (Rs 7.60) Explanation – Total profit required = Rs.(42 x 18) = Rs.756 Profit on 22 sarees = Rs. (460 + 144) = Rs. 604 Profit on 20 sarees = Rs. (756 – 604) = Rs. 152 Average profit on these sarees = Rs.(152/20) = Rs. 7.60

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

The price of 10 chairs is equal to that of 4 tables. The price of 15 chairs and 2 tables together is Rs.4000. The total price of 12 chairs and 3 tables is: a) Rs.3750 b) Rs.3840 c) Rs.3500 d) Rs.3900 e) None of these

Description : The price of 10 chairs is equal to that of 4 tables. The price of 15 chairs and 2 tables together is Rs.4000. The total price of 12 chairs and 3 tables is: a) Rs.3750 b) Rs.3840 c) Rs.3500 d) Rs.3900 e) None of these

Last Answer : Cost of 4 tables =Cost of 10 chairs => Cost of 1 table =10 4=2.5 chairs =>15 chairs + 2 tables = Rs.4000 => 15 chairs + 2 2.5 chairs = Rs.4000 =>20 chairs =Rs.4000 => 1 chair = Rs.4000 20 = Rs ... of 12 chairs + cost of 3 tables =12 Rs.200 + 3 Rs.500 = Rs.2400 + Rs.1500=Rs.3900 Answer: d)

A company has to choose between two projects whose cash flows are as indicated below; Project 1: i. Investment – Rs. 15 Lakhs ii. Annual cost savings – Rs. 4 lakhs. iii. Bi-annual maintenance cost – Rs. 50,000/- iv. Reconditioning and overhaul during 5th year: 6 lakhs v. Life of the project – 8 years vi. Salvage value – Rs. 5 lakhs Project 2: vii. Investment – Rs. 14 Lakhs viii. Annual cost savings – Rs. 3.5 lakhs. ix. Annual Maintenance cost – Rs. 20,000/- x. Reconditioning and overhaul during 4th year: 5 lakhs xi. Life of the project – 8 years xii. Salvage Value- 2 lakhs Which project should the company choose? The annual discount rate is 12

Description :  A company has to choose between two projects whose cash flows are as indicated  below; Project 1:  i. Investment - Rs. 15 Lakhs ii. Annual cost savings - Rs. 4 lakhs. iii. Bi-annual ... years xii. Salvage Value- 2 lakhs Which project should the company choose? The annual discount rate is 12

Last Answer : Year Project 1 Project 2 Outgo Saving NPV Outgo Saving NPV 0 15.0 0 =-15.0 14.0 0 = -14 1 0 4.0 = (4 / (1+.12)1 = 3.571 0.2 3.5 = (3.3 / (1+.12)1 = 2.95 2 0.5 4.0 = (3.5 / (1+.12)2 = 2.79 0.2 3.5 ... (1+.12)8 = 3.43 0.2 5.5  (3.5+2) = (5.3 / (1+.12)8 = 2.14 NPV = + 2.301 @12% = + 0.15

The average age of 30 students in a class is 12 years. The average age of a group of 5 of the students is 10 years and that of another group of 5 of them is 14 years. The average of the remaining students is : a) 8 years b) 10 years c) 12 years d) 14 years e) 15 years

Description : The average age of 30 students in a class is 12 years. The average age of a group of 5 of the students is 10 years and that of another group of 5 of them is 14 years. The average of the remaining students is : a) 8 years b) 10 years c) 12 years d) 14 years e) 15 years

Last Answer : Let it be x . Then : 5×10+5×14+20×x=30×12 20x=360-120 or 20x=240 or x = 12 Answer: c)

A sum of Rs. 1521 is lent out in two parts in such a way that the interest on one part at 10% for 5 yr is equal to that of another part at 8% for 10 yr. What will be the two parts of sum? (a) Rs.946 and Rs.565 (b) Rs.986 and Rs.515 (c) Rs.956 and Rs.505 (d) Rs.936 and Rs.585 (e) None of the above

Description : A sum of Rs. 1521 is lent out in two parts in such a way that the interest on one part at 10% for 5 yr is equal to that of another part at 8% for 10 yr. What will be the two parts of sum? (a) Rs.946 and ... ) Rs.986 and Rs.515 (c) Rs.956 and Rs.505 (d) Rs.936 and Rs.585 (e) None of the above

Last Answer : (d) Rs.936 and Rs.585

If the positions of the digits of a two digit number are interchanged, the number obtained is smaller than the original number by 27. If the digits of the number are in the ratio of 1 : 2, what is the original number ? a) 25 b) 81 c) 36 d) Cannot be determined e) None of these

Description : If the positions of the digits of a two digit number are interchanged, the number obtained is smaller than the original number by 27. If the digits of the number are in the ratio of 1 : 2, what is the original number ? a) 25 b) 81 c) 36 d) Cannot be determined e) None of these

Last Answer : Cannot be determined Answer: d)

The average weight of a group of 75 women was calculated as 47 kg. It was later discovered that the weight of one of the women was read as 45 kg, whereas her actual weight was 25kg. What is the actual average weight of the group of 75 women? (rounded off to two digits after decimal) (a) 46.73 kg (b) 46.64 kg (c) 45.96 kg (d) Cannot be determined (e) None of these

Description : The average weight of a group of 75 women was calculated as 47 kg. It was later discovered that the weight of one of the women was read as 45 kg, whereas her actual weight was 25kg. What is the actual average weight ... kg (b) 46.64 kg (c) 45.96 kg (d) Cannot be determined (e) None of these

Last Answer : (a) 46.73 kg

The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Description : The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Last Answer : e) None of the above

In racing over a given distance, A can beat B by 20m, B can beat C by 10m, A can beat C by 28m. The racing distance is? a) 58 m b) 116 m c) 100 m d) 120 m e) cannot be determined

Description : In racing over a given distance, A can beat B by 20m, B can beat C by 10m, A can beat C by 28m. The racing distance is? a) 58 m b) 116 m c) 100 m d) 120 m e) cannot be determined

Last Answer : Let the uniform speeds of A,B,C be vA,vB,vC, respectively. Let t1 be the time taken for the race between A and B and t2 be the time taken for race between B and C Since A covers the distance in time t1, race between A and C ... ) = VB/ VC = d/(d-10) Thus (d-20)(d-10)=d(d-28).Hence, d=100. Answer: c)

On an IQ test consisting of 250 questions, Jasvinder answered 40% of the first 125 questions correctly. What per cent of the other 125 questions does he need to answer correctly for his grade on the entire exam to be 60%? (a) 75% (b) 80% (c) 60% (d) Cannot be determined (e) None of these

Description : On an IQ test consisting of 250 questions, Jasvinder answered 40% of the first 125 questions correctly. What per cent of the other 125 questions does he need to answer correctly for his grade on the entire exam to be 60%? (a) 75% (b) 80% (c) 60% (d) Cannot be determined (e) None of these

Last Answer : (b) 80%

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

The ages of Gaurav and Goutham will be in the ratio 5 : 7 after ten years from now and will be in the ratio 13 : 18 after twelve years from now. Find the ratio of the sum of their ages 10 years hence to the sum of their ages 12 years hence. 1 : 25 : 27 2 : 13 : 15 3 : 14 : 17 4 : 18 : 23 5 : 30 : 31

Description : The ages of Gaurav and Goutham will be in the ratio 5 : 7 after ten years from now and will be in the ratio 13 : 18 after twelve years from now. Find the ratio of the sum of their ages 10 years hence to the sum of their ages 12 ... hence. 1 : 25 : 27 2 : 13 : 15 3 : 14 : 17 4 : 18 : 23 5 : 30 : 31

Last Answer : 5 : 30 : 31

P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them with Rs. 35,000. At the end of these 3 years, they earned a profit of Rs. 150,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Description : P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them ... ,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Last Answer : Answer: A) P invested Rs.25,000 for 12 months, Rs.(25000 + 10000) for 12 months, , Rs.(25000 + 10000 + 10000) for 12 months. i.e., P invested Rs.25,000 for 12 months, Rs.35000 for 12 months Rs.45000 for 12 months. Q ... Q's share = Rs.(1,50,000 x 2 /(3+2+1)) = Rs.(1,50,000 x 2/6) = Rs.50,000