question: Rs.800 amounts to Rs.920 in 3 years at simple interest. If the interest is increased by 3%, it would amount to how much?
Options:
(A) 226
(B) Rs.992
(C) 665
(D) 771
(E) 211
answer: Stream of consciousness: (800*3*3)/ 100 = 72
920 + 72 = 992 The answer is (B).

q: How much more would Rs.10000 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) 241
(B) 725
(C) 992
(D) 837
(E) 923
a: Stream of consciousness: 10000(11/10)4 - 10000(6/5)2 = 241 The answer is (A).

question: From among the 39 students in a class, one leader and one class representative are to be appointed. In how many ways can this be done?
Options:
(A) 1360
(B) 1260
(C) 1060
(D) 1482
(E) 1460
answer: Stream of consciousness: There are 39 students and every one has equal chance of being selected as a leader. Hence, the leader can be appointed in 39 ways. When one person is appointed as leader, we are left with 35 students. Out of these 38 teachers, we can select one class representative. So, a class representative can be selected in 38 ways. Hence, the number of ways in which a leader and class representative can be selected = 39 x 38 = 1482 The answer is (D).

q: Of the families in City X in 1991, 60 percent owned a personal computer. The number of families in City X owning a computer in 1993 was 20 percent greater than it was in 1991, and the total number of families in City X was 9 percent greater in 1993 than it was in 1991. what percent of the families in City X owned a personal computer in 1993?
Options:
(A) 59%
(B) 55%
(C) 63%
(D) 66%
(E) 68%
a: Stream of consciousness: Say a 100 families existed in 1991 then the number of families owning a computer in 1991 - 60
Number of families owning computer in 1993 = 60 * 120/100 = 72
Number of families in 1993 = 109
The percentage = 72/109 * 100 = 66%. The answer is (D).

question: A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.
Options:
(A) 2205
(B) 3387
(C) 2882
(D) 2997
(E) 1278
answer: Stream of consciousness: A = 2000(21/20)2 = 2205 The answer is (A).

question: The simple interest on a sum of money is 4/9 of the principal and the number of years is equal to the rate percent. Find the rate and the time?
Options:
(A) 6 2/3%
(B) 6 2/7%
(C) 6 2/2%
(D) 6 3/3%
(E) 6 5/3%
answer:
Stream of consciousness: 4/9 P = (P*R*R)/100
R = 20/3 = 6 2/3% The answer is (A).