Quantitative Aptitude (QA) Solved MCQ | CAT | Part 1

Ashutosh Nautiyal

CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1



CAT Solved Practice Questions | Quantitative Aptitude (QA) | Part 1



Chapter - Interest
Difficulty Level of Questions - 1 (Out of 3)



    Q.1. Find the compound interest on ₹ 1000 at the rate of 20% per annum for 18 months when interest is compounded half-yearly.


    A. ₹ 331 

    B. ₹ 1331

    C. ₹ 320

    D. ₹ 325


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1



    Q.2. Vinay deposited ₹ 8000 in ICICI Bank, which pays him 12% interest per annum compounded quarterly. What is the amount that he receives after 15 months?


    A. ₹ 9228.8

    B. ₹ 9314.3

    C. ₹ 9274.2

    D. ₹ 9338.8


    Solution:- 


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1



    Q.3. What will be the simple interest on ₹ 700 at 9% per annum for the period from February 5, 1994, to April 18, 1994?


    A. ₹ 12.60

    B. ₹ 11.30

    C. ₹ 15

    D. ₹ 13


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1




    Q.4. A sum was invested at simple interest for 2 years. It would have fetched ₹ 60 more had it been invested at a 2% higher rate. What was the sum?


    A. ₹ 1000

    B. ₹ 1300

    C. ₹ 2500

    D. ₹ 1500


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1



    Q.5. Shashikant derives an annual income of ₹ 668.25 from ₹ 10000 invested partly 8% p.a. and partly at 5% p.a. simple interest. How much of his money is invested at 5%?


    A. ₹ 4225

    B. ₹ 5000

    C. ₹ 4800

    D. ₹ 3725


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1


    Q.6. What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?


    A. 4%

    B. 5%

    C. 3%

    D. 6%


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1



    Q.7. Sanjay borrowed ₹ 900 at 4% p.a. and 1100 at 5% p.a. for the same duration. He had to pay ₹ 364 in all as interest. What is the time period in years?


    A. 5 years

    B. 3 years

    C. 4 years

    D. 2 years


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1



    Q.8. If the difference between the CI and SI on a certain sum of money is ₹ 72 at 12% per annum for 2 years, then find the amount.


    A. ₹ 6000

    B. ₹ 5000

    C. ₹ 5500

    D. ₹ 6500


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1



    Q.9. The population of Jhumri Talaiya increases by 10% in the first year, it increases by 20% in the second year and due to mass exodus, it decreases by 5% in the third year. What will be its population after 3 years, if today it is 10000?


    A. 11540

    B. 13860

    C. 12860

    D. 12540


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1


    Q. 10. If the difference between the simple interest and compound interest on some principal amount at 20% p.a. for 3 years is ₹ 48, then the principal amount must be


    A. ₹ 550

    B. ₹ 500

    C. ₹ 375

    D. ₹ 400


    Solution:-


    CAT, CMAT, XAT, MAT, GMAT, IIFT, SNAP, NMAT By GMAC, ATMA, IBSAT, TS ICET, AP ICET, JEMAT, MAH MBA CET, B-MAT, NIPER JEE MBA, CUSAT CAT, TISSNET, MICAT, KIITEE Management, UPES MET, Karnataka PGCET, KMAT, TANCET, IRMASAT Solved Practice Questions (QA) - Part 1





    Questions Courtesy:  How to prepare for Quantitative Aptitude for CAT by Arun Sharma




    Books I recommend for Quantitative Aptitude:


    1. How to Prepare for Quantitative Aptitude for CAT by Arun Sharma

    2. Ace Quantitative Aptitude For Banking and Insurance

    3. Quantitative Aptitude Quantum CAT by Sarvesh K Verma

    4. Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal







    *Self Typed
    *Source- Books, Internet, Self-Analysis

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