Page 18 - GMAT 2017b_Neatb

Quantitative Reasoning Test 1

(A) N2,950 86. A company declared an annual dividend of 10%. Find
(B) N3,120 the annual dividend received by Bisi owning 4,000
( C) N2,800 shares of the company having a par value of N100
(D) None of these each.
(A) N45,000
79. If the simple interest on a certain sum of money after (B) N40,000
1 ( C) N50,000
6 years is 3/8 of the principal, then the rate of interest
4 (D) N60,000
per annum is
(A) 5% 87. Kola invested N27,260 in buying N100 shares of a
(B) 6% company at N116 each. If the company paid 16%
( C) 4% dividend at the end of the year, find his income from
(D) None of these the dividend.
(A) N3,560
80. Olu borrowed N5,000 from Bola at simple interest. If (B) N2,760
Bola got N500 more than his capital after 5 years, then ( C) N3,760
the rate of interest per annum is (D) N3,600
(A) 2%
(B) 3% 88. A company issued 50,000 shares of par value N10
( C) 6% each. If the total dividend declared by the company is
(D) None of these N62,500, find the rate of dividend paid by the
company.
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81. The rate percent per annum at which N1,200 amount to (A) 8 %
N1,440 in 4 years, is 2
(A) 2% (B) 12 %
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(B) 4% 2
( C) 6% ( C) 12%
(D) None of these 3
(D) 12 %
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82. If simple interest on a certain sum of money is N256 and
the rate of interest per annum equals the number of 1
89. A company declared a semi-annual dividend of 7 %
years, then the rate of interest is 2
(A) 13% Find the annual dividend of Uche, owning 1,250
(B) 14% shares of the company having a par value of N10 each.
( C) 16% (A) N1,875
(D) None of these (B) N1,757
( C) N1,680
83. If the simple interest on a certain sum of money for 2 (D) N1,575
years is one-fifth of the sum, then the rate of interest per
annum is 90. A medicine company issued 125,000 shares of par
(A) 9% value N10 each. If the total dividend declared by the
(B) 10% company is N375,000, find the rate of dividend paid
( C) 8% by the company.
(D) None of these (A) 15%
(B) 13%
84. If the simple interest on a certain sum of money is ( C) 10%
4/25th of the sum and the rate percent equals the number (D) 14%
of years, then the rate of interest per annum is
(A) 2% 91. Shade had 50 preferred shares and 400 common
(B) 3% shares of par value N100 each. If the dividend
( C) 4% declared on preferred shares is 10% per annum and a
(D) None of these semi-annual dividend of 7.5% is on common shares
find the annual dividend received by Shade.
85. A company declared an annual dividend of 10%. Find (A) N7,500
the annual dividend of Paul owning 1,500 shares of the (B) N6,500
company of par value N10 each. ( C) N8,500
(A) N1,400 (B) N1,500 (D) N5,500
( C) N1,700 (D) N1,600
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