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GMAT Question Bank

Categories : Interest Problems

GMAT Simple Interest QuestionQ) After adding a simple interest of $ 270 an investment becomes $1395. If the principal was invested at 6% p.a. simple interest, for how long was the principal invested.

A) 3 Years
B) 4 Years
C) 5 Years
D) 6 Years
E) 7 Years

Solution: As a Simple Interest problem, this question would make use of the formula,

SI = Principal * Rate * Time

Amount = SI + Principal

Plugging in values, we get,
$1395 = $ 270 + Principal

Principal = $1395 - $270 => $1125...

Categories : Critical Reasoning

GMAT CR Strongly SupportSanskrit Scholars are a minority in the Syllabus review committee. Since the committee offers recommendations on syllabus changes, the below par representation of Sanskrit Scholars would lead to fewer years of mandatory Sanskrit classes in schools.

If the statements above are correct, they strongly support which of the following?

a) An increase in the number of years of mandatory Sanskrit classes in schools would lead to higher representation of Sanskrit Scholars in the Syllabus review committee.

b) An equal...

Categories : Critical Reasoning

GMAT Critical Reasoning South Pole AssumptionIn 2013, the sea ice in Antarctica reached a record high. 80% of the increase in ice volume can be attributed to the strong westerly winds in the South Pole. The ice level is much higher than the recorded ice level during the 1970s. This proves that Global Warming is a hoax.

The argument above is based on which of the following assumptions?

a) Global warming and sea ice level are correlated.
b) Sea Ice Level in Antarctica has a stronger correlation to Global Warming
c) One of the...