q: If the personal income tax rate is lowered from 46% to 32%, what is the differential savings for a tax payer having an annual income before tax to the tune of $36000?
Options:
(A) $3500
(B) $5040
(C) $3150
(D) $7000
(E) $10000
a: Saving = (46-32)% of 36000 = 5040. The answer is (B).
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q: Jade has 4 flavors of ice cream in his parlor. How many options are there for James to pick a one-flavor, two-flavor, three-flavor or four-flavor order?
Options:
(A) 15
(B) 13
(C) 14
(D) 17
(E) 18
a: 4C1 + 4C2+ 4C3+4C4 = 15. The answer is (A).
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q: How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?
Options:
(A) Rs.482
(B) Rs.424
(C) Rs.842
(D) Rs.512
(E) Rs.524
a: 20000(11/10)4 - 20000(6/5)2 = 482 The answer is (A).
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q: A shipment of 8 TV sets contains 5 black and white sets and 3 color sets. If 2 TV sets are to be chosen at random from this shipment, what is the probability that at least 1 of the 2 sets chosen will be a black and white set?
Options:
(A) 1/7
(B) 1/4
(C) 5/14
(D) 25/28
(E) 13/28
a:
3/8 * 2/7 = 6/56
1-(6/56) = 50/56 = 25/28 The answer is (D).
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