EASY
XAT
IMPORTANT
Earn 100

At what interest rate per annum will a sum of money double itself in 8 years?

50% studentsanswered this correctly

Important Questions on Quantitative Skills

EASY
XAT
IMPORTANT
Parikshit invests Rs. 1546 in BNP bank at a certain rate of compound interest per annum. At the end of 8 years, he finds that his money has doubled. What approximately is the rate of interest BNP bank paid him?
EASY
XAT
IMPORTANT
Giri divided his property between his children Suma and Dev. Suma invested her share at 10% per annum simple interest and Dev invested his share compounded at 8% per annum. At the end of 2 years, the interest received by Suma is Rs. 13,360 more than the interest received by Dev. What was Suma’s share if the total amount divided was Rs. 2,50,000?
EASY
XAT
IMPORTANT
If Rs. 23,579 triples itself in 3 years when invested in a bond for which the investment interest rate is compounded annually, then in how many years will it become 27 times of itself?
EASY
XAT
IMPORTANT
Arvind sells clothes at a roadside market for which he pays Rs. 150 per day to rent a table plus Rs. 10 per hour to his salesman. He sells an average of Rs. 78 worth of clothes per hour. Assuming no other costs, which of the functions below best represents profit per day P in terms of hours h that Arvind works for?
EASY
XAT
IMPORTANT
A batch of clips costs Rs. (p + 15) for a company to produce and each batch sells for Rs. p (9  p). For which of the following values of p does the company make a profit?
EASY
XAT
IMPORTANT
In a school exhibition, hand-made crafts are displayed for sale. Some students are assigned the work of selling crafts. The overall profit p depends on the number of students x selling the crafts on that particular day and is given by the equation p = 250x  5x2. The school manager claims to have made a maximum profit. Find the number of students engaged in selling the crafts and the maximum profit made.
EASY
XAT
IMPORTANT
A person purchased a smartphone for Rs. 8,000 and sold it at a profit of 25%. From that amount, he purchased another phone and sold it at a loss of 20%. What is his overall profit or loss?
EASY
XAT
IMPORTANT
A shopkeeper claims a loss of 4% on his goods, but uses weight equal to 840 gm instead of 1 kg. The shopkeeper actually makes a: