Page 27 - GMAT 2017b_Neatb

Quantitative Reasoning Test 2

If my sister was 4 years of age when my brother was 72. N2,189 are divided into three parts such that interest
born, then what was the age of my father and mother on them after 1, 2 and 3 years respectively may be
respectively when my brother was born. equal, the rate of simple interest being 4% per annum
(A) 35 years, 33 years in all cases. The smallest part is
(B) 35 years, 29 years (A) N702
( C) 32 years, 23 years (B) N398
(D) 32 years, 29 years ( C) N756
(D) N1,093
66. A sum of money invested at simple interest triples
itself in 8 years. How many times will it become in 20 73. The simple interest on a sum of money is 1 th of the
years time? 9
(A) 8 times sum. The number of years is numerically equal to the
(B) 7 times rate percent per annum. The rate percent is
( C) 6 times 1
(D) None of these (A) 3
3
(B) 5
67. The simple interest on a certain sum at 5% for 9 months 2
( C) 6
is N10 greater than the simple interest on the same sum 3
at the rate of 3% for 14 months. What is the sum of (D) 10
interest in both the cases (i.e., total sum of interest)?
(A) N130 74. The rates of simple interest in two banks A and B are in
(B) N290 the ratio 5 : 4. A person wants to deposit his total
( C) N120 savings in two banks in such a way that he receives
(D) N330 equal half yearly interest from both. He should deposit
the savings in banks A and B in the ratio
68. Divide N6,000 into two parts so that simple interest on (A) 2 : 5
the first part for 2 years at 6% per annum may be equal (B) 4 : 5
to simple interest on the second part for 3 years at 8% ( C) 5 : 2
per annum. (D) 5 : 4
(A) N4,000, N2,000
(B) N5,000, N1,000 75. Some amount was lent at 6% per annum simple
( C) N3,000, N3,000 interest. After 1 year, N6,800 is repaid and the rest of
(D) None of these the amount is repaid at 5% per annum. If the second
11
year’s interest is of the first year’s interest, find
69. If the rate of simple interest is 12% per annum, the 20
amount that would fetch interest of N6,000 per annum what amount of money was lent out.
is: (A) N17,000
(A) N7,200 (B) N16,800
(B) N48,000 ( C) N16,500
( C) N50,000 (D) N17,500
(D) N72,000
76. The shares of a company of par value N10 each, are
70. A sum of N600 amounts to N720 in 4 years at simple available at 20% premium. Find the amount paid by
interest. What will it amount to if the rate of interest is the buyer who wants to buy 2,500 shares. What would
increased by 2% be the gain of the buyer if he sells those shares at the
(A) N648 rate of N20 per share?
(B) N768 (A) N25,000
( C) N726 (B) N30,000
(D) N792 ( C) N20,000
(D) N22,000
71. A person takes a loan of N200 at 5% simple interest. He
returns N100 at the end of one year. In order to clear his 77. Find the income on 12% stock of N60,000 purchased
dues at the end of 2 years, he would pay at N110
(A) N125.50 (A) N7,200
(B) N110 (B) N7,500
( C) N115.50 ( C) N7,400
(D) None of these (D) N8,200

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