Q1. A man borrows Rs. 12,500 at 20% compound interest. At the end of every year he pays Rs. 2000 as part of repayment. How much does he still owe after three such instalments?

Rs, 12,000

Rs, 12864

Rs, 15,600

Rs. 14320

Rs. 12320

Q2. A certain amount of money at R%, compounded annually becomes Rs. 1440 and Rs. 1728 respectively after two and three years, find value of R:

5%

10%

15%

20%

25%

Q3. The population of a city increases at the rate of 5%. p.a. If the present population of the city is 185220, then what was its population 3 years ago?

181500

183433

160000

127783

165450

Q4. On a certain sum of money, the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time at same rate of interest is Rs. 270. The rate of interest per annum is

6.07%

10%

9%

12.15%

13%

Q5. The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly, is:

6.06%

6.07%

6.08%

6.09%

7.09%

Directions (6-10): In the following line graph, the production of cars by three different companies is given in six different years. Study the graph carefully and answer the related questions.

Rs, 12,000

Rs, 12864

Rs, 15,600

Rs. 14320

Rs. 12320

Q2. A certain amount of money at R%, compounded annually becomes Rs. 1440 and Rs. 1728 respectively after two and three years, find value of R:

5%

10%

15%

20%

25%

Q3. The population of a city increases at the rate of 5%. p.a. If the present population of the city is 185220, then what was its population 3 years ago?

181500

183433

160000

127783

165450

Q4. On a certain sum of money, the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time at same rate of interest is Rs. 270. The rate of interest per annum is

6.07%

10%

9%

12.15%

13%

Q5. The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly, is:

6.06%

6.07%

6.08%

6.09%

7.09%

Directions (6-10): In the following line graph, the production of cars by three different companies is given in six different years. Study the graph carefully and answer the related questions.

Q6. What is the approximate percentage increase in production of cars by company B in 2015 than previous year?

50.5%

45.45%

55%

40%

55.55%

Q7. Find the difference between average production of cars by company A and that of company C throughout all the years (approximately).

5 lakhs

5.4 lakhs

4.6 lakhs

6.6 lakhs

5.6 lakhs

Q8. Production of cars made by company A in 2012 and 2013 together is what percent of total cars made by company B over all the years? (approximately)

35%

33%

28%

46%

25%

Q9. Find the ratio of cars produced by company-C in years 2012 and 2015 together to that of the cars produced by company-B in the years 2014 and 2016 together.

21 : 23

27 : 29

29 : 23

23 : 29

33 : 23

Q10. If production of cars by company-A increases by 10% in 2017 than previous year, then find the new average production of cars by company –A over all the years including the year 2017.

32.5 lakhs

35 lakhs

28.5 lakhs

30.5 lakhs

None of these

Directions (11-15): What approximate value should come in place of question mark (?) in the following questions? (Note: You are not expected to calculate the exact value)

Q11. 2.95% of 4400 + 9.966% of 4880 =?

580

810

720

640

620

Q12. 4.01 ÷ 0.92 × 36.01 =?

198

184

144

248

228

Q13. 63.98 × 9449.87 ÷ 240.0034 =?

2480

2640

2520

2280

2320

Q14. 4945.03 ÷ 215.01 – 3779.98 ÷ 210.012 =?

8

5

18

11

15

Q15. 989.901 + 1.00982 × 76.792 = ?

1000

1100

1067

980

840

SOLUTIONS

1.D

2.D

3.C

4.C

5.D

6.B

7.C

8.E

9.D

10.D

11.E

12.C

13.C

14.B

15.C

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