Law Entrance - Quantitative Techniques & Data Analysis

Simple & Compound Interest Calculations question bank (Commercial & Applied Mathematics)

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Q1.

[CLAT Quantitative Techniques - Simple & Compound Interest Calculations (Question #6)]
Caselet: A Lok Adalat bench was assigned 1000 motor accident claim petitions. Through mutual settlement conciliation, 70% of the claims were resolved amicably on day one. How many claim petitions were settled amicably on day one?

(A)

{'key': 'A', 'text': '700 claims'}

(B)

{'key': 'B', 'text': '715 claims'}

(C)

{'key': 'C', 'text': '680 claims'}

(D)

{'key': 'D', 'text': '730 claims'}

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Q2.

[CLAT Quantitative Techniques - Simple & Compound Interest Calculations (Question #12)]
Caselet: A Lok Adalat bench was assigned 600 motor accident claim petitions. Through mutual settlement conciliation, 70% of the claims were resolved amicably on day one. How many claim petitions were settled amicably on day one?

(A)

{'key': 'A', 'text': '420 claims'}

(B)

{'key': 'B', 'text': '435 claims'}

(C)

{'key': 'C', 'text': '400 claims'}

(D)

{'key': 'D', 'text': '450 claims'}

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