Page 36 - GMAT 2017b_Neatb

Quantitative Reasoning Test 3

63. The age of man is 3 times that of his son. 15 years ago, 70. Mr. Alade deposited a total amount of N65,000 in
the man was 9 times as old as his son. What will be the three different schemes A, B and C with rates of
age of the man after 15 years? interest 12 p.c.p.a., 16 p.c.p.a. and 18 p.c.p.a.
(A) 45 years respectively and earned a total interest of N10,180 in
(B) 60 years one year. If the amount invested in Scheme A was 72%
( C) 75 years of the amount invested in Scheme C, then what was
(D) 65 years the amount invested in Scheme B?
(A) N25,000
64. Zainab’s age is 1/6th of her father’s age. Zainab’s (B) N22,000
father’s age will be twice of Amina’s age after 10 years. ( C) N18,000
If Amina’s eight birthday was celebrated two years (D) Cannot be determined
before, then what is Zainab’s present age?
(A) 30 years 71. What annual rate of interest was paid, if N10,000
(B) 24 years earned N1,000 as interest in 2 years?
( C) 6 years (A) 2%
(D) None of these (B) 5%
( C) 10%
65. How much interest will N10,000 earn in 9 months at an (D) 20%
annual rate fo 6 percent?
(A) 450 72. A person closes his account in an investment scheme
(B) 475 by withdrawing N10,000. One year ago, he had
( C) 500 withdrawn N6,000. Two years ago he had not
(D) 600 withdrawn any money. How much money had he
deposited approximately at the time of opening the
66. Roland gave N1,200 on loan. Some amount he gave at account 4 years ago, if the annual simple interest is
4% per annum simple interest and remaining at 5% per 10%?
annum simple interest. After two years, he got N110 as (A) N15,600
interest. Then the amounts given at 4% and 5% per (B) N16,500
annum simple interest are respectively, ( C) N17,280
(A) N500, N700 (D) None of these
(B) N400, N800
( C) N800, N300 73. Funke borrowed N6,450 at 5 percent simple
(D) N1,100, N1,100 interest repayable in 4 equal instalments. What will be
the annual instalment payable by him?
67. Two equal sums of money were invested, one at 4% and (A) N1,710
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the other at 4 %. At the end of 7 years, the simple (B) N1,810
2 ( C) N1,910
interest received from the latter exceeded that received (D) N1,860
from the former by N31.50. Each sum was
(A) N1,000 74. Sola was approached by two neighbours for loan. He
(B) N500 had N2,540, a part of which he lent to one person at
( C) N750 12% interest per annum, and the other part was lent to
(D) N900 the second person at 12.5%. At the end of a year, Sola
received N311.60 as interest on the total loan.
68. I derive an annual income of N688.25 from N10,000 Calculate the amount of money lent by him at 12%
invested partly at 8% p.a. and partly at 5% p.a. simple interest.
interest. How much of my money is invested at 5%? (A) N1,360
(A) N3,735 (B) N1,340
(B) N4,225 ( C) N1,240
( C) N4,800 (D) N1,180
(D) N5,000
75. A man bought N20,000 of 5% stock at 90 and sold it
69. A certain sum amounts to N2,300 in 3 years and N2,500 when its price rose to 93 3 . Find his gain percent.
in 5 years at simple interest. Find the sum and the rate of 4
1
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interest. (A) 5 % (B) 4 %
(A) N1,200, 6% 6 6
5
5
(B) N1,800, 5% ( C) 5 % (D) 4 %
( C) N2,000, 5% 6 6
(D) N1,500, 6%
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