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
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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
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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
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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
Show solution
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
Show solution
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
Show solution
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?
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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?
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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?
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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?
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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?
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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?
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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?
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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
Show solution
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
Show solution
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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Q. What is the day of the week on March 1, 2025 if January 1, 2025 is a Wednesday?
A.
Friday
B.
Saturday
C.
Sunday
D.
Monday
Show solution
Solution
From January 1 to March 1, there are 59 days (31 days in January + 28 days in February). 59 days = 8 weeks + 3 days. Wednesday + 3 days = Saturday.
Correct Answer:
B
— Saturday
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Q. What is the decimal equivalent of 5/8?
A.
0.55
B.
0.6
C.
0.625
D.
0.7
Show solution
Solution
5 divided by 8 equals 0.625.
Correct Answer:
C
— 0.625
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Q. What is the decimal equivalent of 75%?
A.
0.5
B.
0.6
C.
0.7
D.
0.75
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Solution
75% = 75/100 = 0.75.
Correct Answer:
D
— 0.75
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Q. What is the difference in sales between Product B and Product D in the third quarter?
A.
$1000
B.
$2000
C.
$3000
D.
$4000
Show solution
Solution
Product B sold $5000 and Product D sold $4000, so the difference is $1000.
Correct Answer:
A
— $1000
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Q. What is the effective amount received if a bill of Rs. 20000 is discounted at 10% for 3 months?
A.
Rs. 19500
B.
Rs. 19800
C.
Rs. 19750
D.
Rs. 19600
Show solution
Solution
Banker's Discount = (20000 * 10 * 3/12) / 100 = Rs. 500; Effective Amount = 20000 - 500 = Rs. 19500
Correct Answer:
B
— Rs. 19800
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Q. What is the effective interest earned if the Banker's Discount on a loan of $2000 for 1 year at 5% is $100?
A.
$100
B.
$200
C.
$50
D.
$150
Show solution
Solution
Effective interest = Banker's Discount = $100.
Correct Answer:
A
— $100
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Q. What is the effective interest rate if the Banker's Discount on a loan of $2000 for 1 year at 5% is $100?
A.
5%
B.
10%
C.
15%
D.
20%
Show solution
Solution
Effective Interest Rate = (Banker's Discount / Principal) × 100 = (100 / 2000) × 100 = 5%.
Correct Answer:
A
— 5%
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Q. What is the effective interest rate if the Banker's Discount on a loan of $2000 for 2 years at 5% is $200?
A.
10%
B.
5%
C.
15%
D.
20%
Show solution
Solution
Effective Interest Rate = (Banker's Discount / Principal) / Time = (200 / 2000) / 2 = 10%.
Correct Answer:
A
— 10%
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Q. What is the effective interest rate if the Banker's Discount on a loan of $2000 for 1 year at 15% is $300?
A.
15%
B.
20%
C.
25%
D.
10%
Show solution
Solution
Effective Interest Rate = (Banker's Discount / Principal) × 100 = (300 / 2000) × 100 = 15%.
Correct Answer:
A
— 15%
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Q. What is the face value of a bill if the bankers' discount is Rs. 300, the rate is 10% per annum, and the time is 6 months?
A.
Rs. 6000
B.
Rs. 5000
C.
Rs. 4000
D.
Rs. 3000
Show solution
Solution
Face Value = BD / (Rate × Time) = 300 / (0.10 × 0.5) = Rs. 6000.
Correct Answer:
A
— Rs. 6000
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Q. What is the face value of a bill if the bankers' discount is Rs. 500, the rate is 10% per annum, and the time is 6 months?
A.
Rs. 5000
B.
Rs. 6000
C.
Rs. 7000
D.
Rs. 8000
Show solution
Solution
Face Value = BD / (Rate × Time) = 500 / (10 × 0.5) = Rs. 5000.
Correct Answer:
A
— Rs. 5000
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Q. What is the greatest common divisor (GCD) of 24 and 36?
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Solution
The GCD of 24 and 36 can be found by listing the factors: 24 = 2^3 * 3, 36 = 2^2 * 3^2. The GCD is 2^2 * 3 = 12.
Correct Answer:
C
— 12
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Q. What is the H.C.F. of 24 and 36?
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Solution
The H.C.F. of 24 and 36 is 12.
Correct Answer:
A
— 12
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Q. What is the H.C.F. of 64 and 48?
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Solution
The H.C.F. of 64 and 48 is 16.
Correct Answer:
A
— 16
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Q. What is the H.C.F. of 81 and 27?
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Solution
The H.C.F. of 81 and 27 is 27.
Correct Answer:
A
— 27
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