Arithmetic Aptitude for Competitive Exam Success

Arithmetic Aptitude

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Q. What is the Banker's Discount on a bill of Rs. 2000 due in 4 months at 15% per annum?

A. Rs. 100
B. Rs. 80
C. Rs. 60
D. Rs. 120

Solution

Banker's Discount = (2000 * 15 * 4/12) / 100 = Rs. 100.

Correct Answer: B — Rs. 80

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Q. What is the Banker's Discount on a loan of $10000 for 2 years at 5% per annum?

A. $1000
B. $500
C. $2000
D. $300

Solution

Banker's Discount = 10000 × 5/100 × 2 = $1000.

Correct Answer: A — $1000

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Q. What is the Banker's Discount on a loan of $10000 for 2 years at 6%?

A. $1200
B. $600
C. $800
D. $1000

Solution

Banker's Discount = 10000 × 6/100 × 2 = $1200.

Correct Answer: A — $1200

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Q. What is the Banker's Discount on a loan of $1500 for 2 years at 6% per annum?

A. $180
B. $120
C. $90
D. $60

Solution

Banker's Discount = 1500 × 6/100 × 2 = $180.

Correct Answer: A — $180

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Q. What is the Banker's Discount on a loan of $2500 for 2 years at 6%?

A. $300
B. $200
C. $150
D. $100

Solution

Banker's Discount = 2500 x 6/100 x 2 = $300.

Correct Answer: A — $300

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Q. What is the Banker's Discount on a loan of $6000 for 2 years at 9% per annum?

A. $1080
B. $720
C. $540
D. $900

Solution

Banker's Discount = 6000 × 9/100 × 2 = $1080.

Correct Answer: A — $1080

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Q. What is the Banker's Discount on a sum of $1500 for 2 years at 15% per annum?

A. $450
B. $300
C. $225
D. $150

Solution

Banker's Discount = 1500 × 15/100 × 2 = $450.

Correct Answer: A — $450

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Q. What is the Banker's Discount on a sum of $2500 for 2 years at 12% per annum?

A. $600
B. $500
C. $300
D. $400

Solution

Banker's Discount = 2500 × 12/100 × 2 = $600.

Correct Answer: A — $600

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Q. What is the banker's discount on a sum of $5000 due in 5 years at 8% per annum?

A. $2000
B. $1500
C. $1000
D. $800

Solution

Banker's Discount = P × R × T / 100 = 5000 × 8 × 5 / 100 = $2000.

Correct Answer: C — $1000

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Q. What is the bankers discount on a sum of $10000 due in 4 years at 5%?

A. $2000
B. $1000
C. $500
D. $400

Solution

Bankers Discount = (10000 × 5 × 4) / 100 = $2000.

Correct Answer: B — $1000

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Q. What is the compound interest on $1000 for 2 years at a rate of 6% per annum?

A. $126.00
B. $120.00
C. $136.00
D. $140.00

Solution

Compound Interest = 1000(1 + 0.06)^2 - 1000 = 1000(1.1236) - 1000 = 1123.60 - 1000 = 126.00

Correct Answer: A — $126.00

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Q. What is the compound interest on $1200 at a rate of 10% per annum for 1 year?

A. $120.00
B. $100.00
C. $110.00
D. $130.00

Solution

Compound Interest = P(1 + r/n)^(nt) - P = 1200(1 + 0.10/1)^(1*1) - 1200 = 1200(1.10) - 1200 = 120.00

Correct Answer: A — $120.00

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Q. What is the compound interest on $1200 at a rate of 7% per annum for 5 years?

A. $420.00
B. $450.00
C. $430.00
D. $440.00

Solution

Compound Interest = P(1 + r/n)^(nt) - P = 1200(1 + 0.07/1)^(1*5) - 1200 = 1200(1.402552) - 1200 = 420.00

Correct Answer: A — $420.00

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Q. What is the compound interest on $1200 for 3 years at a rate of 9% per annum?

A. $350.00
B. $400.00
C. $450.00
D. $500.00

Solution

CI = A - P; A = P(1 + r)^n = 1200(1 + 0.09)^3 = 1200(1.295029) = $1554.03, CI = 1554.03 - 1200 = $354.03.

Correct Answer: B — $400.00

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Q. What is the compound interest on $2000 at a rate of 10% per annum for 2 years?

A. $400
B. $220
C. $242
D. $200

Solution

Compound Interest = P(1 + r/n)^(nt) - P = 2000(1 + 0.1)^2 - 2000 = 2000(1.21) - 2000 = $242.

Correct Answer: C — $242

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Q. What is the compound interest on $2500 at a rate of 5% per annum for 4 years?

A. $500.00
B. $600.00
C. $700.00
D. $800.00

Solution

Compound Interest = 2500(1 + 0.05)^4 - 2500 = 2500(1.21550625) - 2500 = 603.77, rounded to $600.00

Correct Answer: B — $600.00

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Q. What is the compound interest on $3000 at a rate of 9% per annum for 2 years?

A. $540.00
B. $600.00
C. $500.00
D. $450.00

Solution

Compound Interest = P(1 + r/n)^(nt) - P = 3000(1 + 0.09/1)^(1*2) - 3000 = 3000(1.1881) - 3000 = 564.30

Correct Answer: A — $540.00

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Q. What is the compound interest on $3000 for 1 year at a rate of 5%?

A. $150.00
B. $200.00
C. $180.00
D. $160.00

Solution

Compound Interest = 3000(1 + 0.05)^1 - 3000 = 3000(1.05) - 3000 = 3150 - 3000 = 150.00

Correct Answer: A — $150.00

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Q. What is the compound interest on $3000 for 4 years at a rate of 10% per annum?

A. $1200.00
B. $1300.00
C. $1400.00
D. $1500.00

Solution

Compound Interest = 3000(1 + 0.10)^4 - 3000 = 3000(1.4641) - 3000 = 4392.30 - 3000 = 1392.30

Correct Answer: A — $1200.00

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Q. What is the compound interest on $5000 at a rate of 6% per annum for 4 years?

A. $1272.48
B. $1265.00
C. $1300.00
D. $1200.00

Solution

Compound Interest = 5000(1 + 0.06)^4 - 5000 = 5000(1.26247696) - 5000 = 1312.38

Correct Answer: A — $1272.48

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Q. What is the compound interest on $8000 at a rate of 5% per annum for 2 years?

A. $800.00
B. $850.00
C. $820.00
D. $900.00

Solution

Compound Interest = 8000(1 + 0.05)^2 - 8000 = 8000(1.1025) - 8000 = 820.00

Correct Answer: C — $820.00

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Q. What is the cube root of 1,000?

A. 10
B. 20
C. 30
D. 40

Solution

The cube root of 1,000 is 10, since 10 * 10 * 10 = 1,000.

Correct Answer: A — 10

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Q. What is the cube root of 125?

A. 3
B. 4
C. 5
D. 6

Solution

The cube root of 125 is 5, since 5 * 5 * 5 = 125.

Correct Answer: C — 5

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Q. What is the cube root of 1?

A. 0
B. 1
C. 2
D. 3

Solution

The cube root of 1 is 1, since 1 * 1 * 1 = 1.

Correct Answer: B — 1

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Q. What is the cube root of 27?

A. 2
B. 3
C. 4
D. 5

Solution

The cube root of 27 is 3, since 3 * 3 * 3 = 27.

Correct Answer: B — 3

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Q. What is the cube root of 512?

A. 7
B. 8
C. 9
D. 10

Solution

The cube root of 512 is 8, since 8 * 8 * 8 = 512.

Correct Answer: B — 8

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Q. What is the cube root of 64?

A. 2
B. 3
C. 4
D. 5

Solution

The cube root of 64 is 4, since 4 * 4 * 4 = 64.

Correct Answer: C — 4

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Q. What is the cube root of 8?

A. 1
B. 2
C. 3
D. 4

Solution

The cube root of 8 is 2, since 2 * 2 * 2 = 8.

Correct Answer: B — 2

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Q. What is the day of the week on December 31, 2025 if January 1, 2025 is a Wednesday?

A. Monday
B. Tuesday
C. Wednesday
D. Thursday

Solution

2025 is not a leap year, so it has 365 days. 365 days = 52 weeks + 1 day. Therefore, December 31, 2025 will be one day after Wednesday, which is Thursday.

Correct Answer: D — Thursday

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Q. What is the day of the week on February 29, 2024?

A. Thursday
B. Friday
C. Saturday
D. Sunday

Solution

January 1, 2024 is a Monday. February 29, 2024 is 59 days from January 1, which is 8 weeks and 3 days. Therefore, it will be a Thursday.

Correct Answer: A — Thursday

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Arithmetic Aptitude

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