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Aptitude Interview Questions And Answers

36. Find
i. S.I. on RS 68000 at 16 2/3% per annum for 9 months.
ii.S.I. on RS 6250 at 14% per annum for 146 days.
iii.S.I. on RS 3000 at 18% per annum for the period from 4th Feb 1995 to 18th April 1995.

Ans:     i. RS 8500.
            ii. RS 350.
            iii. RS 108.
Sol:
i.P = 68000, R = 50/3% p.a. and T = 9/12 year = ¾ years
Therefore, S.I. = (P * Q * R/100)
                        = RS (68000 * 50/3 * ¾ * 1/100) = RS 8500.
ii.P = RS 6265, R = 14% p.a. and T = (146/365) year = 2/5 years.
    Therefore, S.I. = RS (6265 * 14 * 2/5 *1/100) = RS 350.
iii.Time = (24 + 31 + 18) days = 73 days = 1/5 year
P = RS 3000 and R = 18% p.a.
        Therefore, S.I. = RS (3000 * 18 * 1/5 * 1/100) = RS 108

37. A sum at simple interest at 13 ½% per annum amounts to RS 2502.50 after 4 years. Find the sum.

Ans: sum = RS 1625
Sol:   Let sum be x. Then,
            S.I. = (x * 27/2 * 4 * 1/100) = 27x/50
            Therefore, amount = (x + 27x/50) = 77x/50
            Therefore, 77x/50 = 2502.50 or x = 2502.50 * 50 / 77 = 1625
             Hence, sum = RS 1625

38. A sum of money doubles itself at C.I. in 15 years. In how many years will it become eight times?

Ans:45 years.
Sol: P [1 + (R/100)]^15 = 2P è [1 + (R/100)]^15 = 2……….(i)
       Let P [1 + (R/100)]^n = 8P è P [1 + (R/100)]^n = 8 = 2^3
                                          = [{1 + (R/100)}^15]^3.
                                          è [1 + (R/100)]^n = [1 + (R/100)]^45.
                                          è n = 45.
       Thus, the required time = 45 years.

39. A certain sum amounts to Rs. 7350 in 2 years and to Rs. 8575 in 3 years. Find the sum and rate percent.

Ans: Sum = Rs. 5400,Rate=16 2/3 %.
Sol:  S.I. on Rs. 7350 for 1 year = Rs. (8575-7350) = Rs. 1225.
       Therefore, Rate = (100*1225 / 7350*1) % = 16 2/3 %.
       Let the sum be Rs. X. then, x[1 + (50/3*100)]^2 = 7350.
                                                  è x * 7/6 * 7/6 = 7350.
                                                  è x = [7350 * 36/49] = 5400.
          Therefore, Sum = Rs. 5400.

40. A, B and C start a business each investing Rs. 20000. After 5 months A withdrew Rs. 5000, B withdrew Rs. 4000 and C invests Rs. 6000 more. At the end of the year,  a total profit of Rs. 69,900 was recorded. Find the share of each.

Ans:  A’s share = Rs. 20,500
          B’s share = Rs. 21200
          C’s share = Rs. 28200
Sol:   Ratio of the capitals of A, B and C
         = (20000*5+ 15000*7) : (20000*5+16000*7): (20000*5+26000*7)
         =205000: 212000 : 282000 = 205:212:282
         Therefore, A’s share = Rs. ( 69900*205/699) = Rs. 20,500
         B’s share = Rs. (69900*212/699) = Rs. 21200,
         C’s share = Rs. (69900*282/699) = Rs. 28200.

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