Mission IBPS :Quant Quiz

1.What would be compound interest obtained on an amount of Rs 4000 at the rate of  5% per Year after 3 year.

1)630.5

2)612

3)578

4)525.5

5)None of these

2.Shobit marks his goods 25% above cost price, but allows 17.5% discount for cash payment. If  he sells the article for Rs 825, find the cost price of the article.

1)Rs 800 

2)Rs 810

3)Rs 820

4)Rs 823 

5)None of these 

3.A motorist travels a distance of 10km at a speed of 50km/hr in the onward journey and 60km/hr , while returning. His average speed is ?

1)54.55km/hr

2)55km/hr

3)556/11km/hr

4)54 km/hr

5) None of these

4.Difference between the compound interest and simple interest accrued in two years at 8% per annum is Rs 128. What is the principle amount ?

1)Rs 18000

2)Rs 16000

3)20000

4)Cannot be determined 

5)None of these 

5.The number obtained by interchanging the digits of a two digit number is less than the original number by 18.If sum of the digits is 6, what was the original two digit number?

1)51

2)24

3)42

4)15

5)None of these

6.If the positions of the digits of a two-digit are interchanged, the number  obtained is smaller than the original number by 27. If the digits of the  number are in the ratio 1: 2, what is the original number?

(1)36

(2)63

(3)48

(4)Cannot be determined

(5)None of these

7.Mr. Duggal invested Rs 20,000 with rate of interest @ 20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?

(1)Rs 8,800

(2)Rs 9,040

(3)Rs 8,040

(4)Rs 9,800

(5)None of these

8.A man sells an article at a gain of 20%. If he had bought it at 20% less and sold it for Rs.264 less, he would have still gained 20%. The cost price of the article is:

(1)Rs.2400

(2)Rs.1100

(3)Rs.2640

(4)Rs.2635

(5)None of these

9.The compound interest on a certain sum for 2 years at 20% per annum is Rs. 880. The simple interest on the same sum for double the time at half the rate percent per annum is:

(1)Rs.800

(2)Rs.1000

(3)Rs.1200

(4)Rs.1600

(5)None of these

10.Raman’s monthly expenses is six time Ratan’s monthly expenses. Ratan’s monthly expenses  is  thirty percent more than  Govind’s monthly expenses. Govind’s monthly expenses  is Rs. 64000 /- . What is Raman’s Annual Expenses?

(1)83,200/-

(2)9,98,400/-

(3)4,99,200/-

(4)104,400/-

(5)None of these

Answers with Explanation