Page 28 - GMAT 2017b_Neatb

Quantitative Reasoning Test 2

1 85. Find the investment required to purchase N125,000 of
78. Find the income on 7 % stock of N20,000 purchased
2 8% stock at 92.
at N120 (A) N115,000
(A) N1,550 (B) N120,000
(B) N1,450 ( C) N105,000
( C) N1,500 (D) N125,000
79. Find the income by investing N81,000 in 9% stock at 86. What investment will be required to purchase
135 N90,000 of 8% stock at 110?
(A) N5,500 (A) N88,000
(B) N6,400 (B) N99,000
( C) N5,400 ( C) N88,500
(D) N6,000 (D) N9,950

1 87. A clock is set right at 5 a.m. The clock loses 16
80. Find the income obtained by investing N90,000 in 7 %
2 minutes in 24 hours. What will be the true time when
1 the clock indicates 10 p.m. on the 4th day?
stock at 112
2 (A) 9 a.m.
(A) N6,000 (B) 11 p.m.
(B) N6,500 ( C) 11 a.m.
( C) N7,500 (D) 9 p.m.
(D) N7,000
88. My watch was 3 minutes slow at 5 p.m. Tuesday and it
1 was 5 minutes fast at 11 p.m. Wednesday. When did it
81. A person buys 9 % stock of N2,000 at 144. Find his
2 give correct time?
annual income. (A) Wednesday 4.15 a.m.
(A) N6,640 (B) Wednesday 7.30 a.m.
(B) N6,840 ( C) Tuesday 4.35 p.m.
( C) N6,900 (D) None of these
(D) N7,240
89. How many times do the hands of a clock point towards
1 each other in a day?
82. Mr. Lawal invested N92,000 in 9 % stock at 91
2 (A) 24
(Brokerage: N1). Find the annual income of Mr. Lawal (B) 20
from his investment. ( C) 12
(A) N9,000 (D) 22
(B) N9,500
( C) N10,500 90. A man who went out between 3 and 4 and returned
(D) N8,000 between 8 and 9, found that the hands of the watch had
exactly changed places. He returned at
1 1 (A) 14 min past 8
83. Lola invested N99,000 in 7 % stocks at 81
2 2 (B) 21 1 min past 8
(Brokerage: N1) . Find Lola’s annual income from his 13
investment. 2
( C) 19 min past 8
(A) N9,500 13
(B) N10,000 (D) 18 6 min past 8
( C) N10,500 13
(D) N9,000
91. A clock gains 10 minutes in every 24 hours. It is set
1 right on Monday at 8 a.m. What will be the correct
84. Ade invested N88,008 in 9 % stock at 112
2 time on the following Wednesday, when the watch
(Brokerage: N2) . Find annual income of Ade from this indicates 6 p.m.?
investment. (A) 5.36 p.m.
(A) N6,334 (B) 5.40 p.m.
(B) N6,874 ( C) 4.36 p.m.
( C) N7,334 (D) None of these
(D) N6,534

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