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# Practice Questions & Answers :: HireMee

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## Total Practice Qs: 239+

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A trader allows a discount of 5 percent to his customers. What price should he mark on a article the cost price of which is Rs. 800 so as to make clear profit of 25 percent on his outlay?

ARs.1000

BRs.1053

CRs.1200

DRs.11233

| | Important Formulas | Topic: | Asked In IBMHireMee |

Explanation:

cp=800 , profit=25%
sp=800 * 125/100=1000
and
sp=marked price * (100-5)/100
1000=marked price * 95/100
marked price = 1052.6 = Rs.1053

Tags: IBM

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A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

ARs. 4462.50

BRs. 8032.50

CRs. 8900

DRs. 8925

ENone of these

| | Important Formulas | Topic: | Asked In IBMHireMee |

Explanation:

Here is no explanation for this answer

Tags: IBM

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A certain money market account that had a balance of $48,000 during all of last month earned$360 in interest for the month. At what simple annual interest rate did the account earn interest last month?

A7%

B9%

C8%

D8.50%

| | Important Formulas | Topic: | Asked In CapgeminiHireMee |

Explanation:

Formula [R = SI*100/(P*T)]
Given P= $48000, SI=$360, T=1/12
So Rate = [360*100/(48000*(1/12))] = 9%.

Tags: Capgemini

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How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

A26 Years.

B35 Years.

C76 Years.

D56 Years.

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Simple interest is given by the formula SI = (pnr/100), where p is the principal, n is the number of
years for which it is invested, r is the rate of interest per annum
In this case, Rs. 1250 has become Rs.10,000.
Therefore, the interest earned = (10,000 - 1250) = 8750.
8750 = [(1250*n*12.5)/100]
=> n = 700 / 12.5 = 56 years.

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Simple interest on a certain sum is 16/25 of the sum. Find the rate percent and time, if both are numerically equal.

ARate = 8% & Time = 8 years

BRate = 8% & Time = 9 years

CRate = 18% & Time = 8 years

DNone of these

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Let sum = X. Then S.I. = 16x/25
Let rate = R% and Time = R years.
Therefore, x * R * R/100 = 16x/25 or R^2 = 1600/25, R = 40/5 = 8
So, Rate = 8% and Time = 8 years.

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In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum?

A2 3/4 years

B1 1/4 years

C2 1/4 years.

D3 1/4 years.

| | Important Formulas | Topic: | Asked In InfosysHireMee |

Explanation:

Lets assume sum = x.
Then, S.I. = 0.125x = 1/8 *x, GivenR = 10%
Formula: Time = (100 * S.I)/(P * R)
Time = (100 *1/8* x) / (x * 10) = (100 *x)/(x*8*10)
= 5/4 = 1 1/4 years.

Tags: Infosys

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A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

A3%

B4%

C5%

D6%

ENone of these

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

S.I. = Rs. (15500 ⎯ 12500) = Rs.3000

Rate = [ 100 × 3000 / 12500 × 4 ]% = 6%

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Mr. Hamilton invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

ARs 6400

BRs 6500

CRs 7200

DRs 7500

ENone of these

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Let the sum invested in scheme A be Rs. x and that in scheme B be Rs. (13900 ⎯ x)
Then, [ x × 14 × 2 / 100] ÷ [{(13,900 - x) × 11 × 2 } / 100] = 3508

28x ⎯ 22x = 350800 ⎯ (13900 × 22)

6x = 45000

x = 7500

So, sum invested in Scheme B = Rs. (13900 ⎯ 7500) = Rs.6400

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A sum of money doubles itself in 10 years. A compound interest is charged on it at x% p.a. with the same rate p.a. it will four-fold itself in -

A15 years

B20 years

C40 years

D30 years

| | Important Formulas | Topic: | Asked In HireMee |

Explanation:

Here is no explanation for this answer

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Rambo took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If he paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

A3.6

B6

C18

ENone of these

| | Important Formulas | Topic: | Asked In HireMee |