q: What amount does Kiran get if he invests Rs. 18000 at 15% p.a. simple interest for four years?
Options:
(A) 29893
(B) 27773
(C) 29989
(D) 28800
(E) 29883
a: Stream of consciousness: Simple interest = (18000 * 4 * 15)/100 = Rs. 10800
Amount = P + I = 18000 + 10800 = Rs. 28800 The answer is (D).
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q: If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 1 year the amount to be paid is?
Options:
(A) 3377
(B) 2688
(C) 2688
(D) 7800
(E) 1268
a: Stream of consciousness: A = 7500(26/25)^1 = 7800 The answer is (D).
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q: The number of people at Ovations Bar in the hour from 12 p.m. to 1 p.m. was 20% greater than the number of people there from 11 a.m. to 12 p.m. The number of the people at the bar from 11 a.m. to 12 p.m. was 10% more than the number there from 10 a.m. to 11 a.m. If 121 people were at the bar from 11 a.m. to 1 p.m., which of the following is the number of people in the bar from 10 a.m. to 11 a.m.?
Options:
(A) 10
(B) 20
(C) 30
(D) 40
(E) 50
a:
Stream of consciousness: No of people from 10 - 11 is x
No of people from 11 - 12 is 11x/10
No of people from 12 to 1 is (6/5)(11x/10)
Given that 11x/10 + (6/5)(11x/10) = 121x / 50 = 121
Then x = 50 The answer is (E).
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