How to prepare and do excellent in GMAT (Also some free tests)

How to prepare and do excellent in GMAT (Also some free tests)

After getting good response on Wonderlic Practice Test Sample Questions blog from my blog readers I want to write this blog for GMAT preparation

What is GMAT?

GMAT stands for Graduate Management Admission Test. GMAT is the most effective predictor of student success of in leading business schools and management education programs.

How the test works?

The GMAT test consists of four main sections

1. Analytical Writing Assessment
2. Integrated Reasoning
3. Quantitative
4. Verbal

 You have three and a half hours in which to take the exam, but plan for a total time of approximately four hours to include optional breaks.

The GMAT adjusts to your individual ability level, which both shortens the time it takes to complete the exam and establishes a higher level of accuracy than a fixed test. At the start of each multiple-choice section of the exam, you are presented with a question of medium difficulty. As you answer each question, the computer scores your answer and uses it—as well as your responses to any preceding questions—to determine which question to present next. Correct responses typically prompt questions of increased difficulty. Incorrect responses generally result in questions of lesser difficulty.

What are changes to GMAT in 2013?

What You Need to Know About the GMAT Exam, Now with Integrated Reasoning

  1. Integrated Reasoning is a 30-minute section of 12 questions with a separate score.

 2 Features four new question types that let you showcase your data-handling skills.

 3 Integrated Reasoning replaces the AWA Analysis of an Issue essay.

 4 Only one essay question. Quantitative and Verbal sections remain the same & so does the total score schools use.

 5 The exam remains 3 hours, 30 minutes in length.

How to prepare for this exam?

First-Free GMATPrep Software

Free to registered users of mba.com, GMATPrep software is available to help you prepare for the GMAT exam.

GMATPrep software uses the same technology as the official GMAT exam so that you can simulate the actual test-taking experience.

The GMATPrep software features:

•90 free questions – 30 Quantitative, 45 Verbal and 15 Integrated Reasoning -  with answers and explanations

•Tools to create your own practice question set

•2 full-length computer adaptive practice tests with answers (detailed explanations of answers are not included)

•Accurate computing of GMAT Total, Verbal, Quantitative and Integrated Reasoning scores, which you can use to judge how prepared you are for the actual GMAT exam

•A comprehensive math review

•A step-by-step guide to preparing for the GMAT exam

•Ability to extend the GMATPrep software by purchasing additional content (requires new version of GMATPrep)

Free GMATPrep Software

2. Practicing sample questions

Understanding the format, practicing sample questions, and reviewing one section at a time will help you arrive fully prepared on the day of your exam. To help you prepare, mba.com offers the GMATPrep® test preparation software, free to registered users. Available as a downloadable application or as a CD-ROM, GMATPrep simulates the actual test experience by using retired questions from previous GMAT exams. Related study materials are available for purchase at the mba.com store.

The GMAT Checklist includes study pointers and links to preparation material including:

• GMAT Paper Tests, three easy-to-download sets of “retired” paper tests.
• GMAT Write, an online tool that helps you prepare for the Analytical Writing Assessment with confidence.
• GMAT Focus, an online tool that gives you immediate insight into your weaknesses so you can optimize your study time.

GMAT Preparation Strategies

Get tips on easing the test-taking preparation process. Learn how to use your testing time wisely and develop a game plan that works for you.

Some common questions about GMAT

Q: How do I schedule an appointment to take the GMAT exam?

A: If you’re interested in scheduling an appointment to take the GMAT exam, your first step is to register for an mba.com account.

Q: Where can I take the GMAT exam?

A: The GMAT exam is delivered year-round and on demand in test centers around the world.

Q: How much does it cost to take the GMAT exam?

A: The cost to take the GMAT exam is US $250 globally. To learn more about payment methods, potential taxes, cancellation fees and other considerations, please visit our Pay for the Test page.

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Q: What are the test dates for the GMAT exam?

A: The GMAT is available year-round and on demand, which offers test takers greater flexibility in scheduling. Available time slots change continuously based on capacity and ongoing registration. You will find out which times are available at your chosen test center when you register to take the exam.

Some Free sample questions

Part 1-GMAT Quantitative

A Problem-solving

Solve these problems and indicate the best of the answer choices given. All

Numbers used are real numbers.

Question 1

 If a = 3 and b = -2, what is the value of a2 + 3ab – b2?

A. 5

B. -13

C. -4

D. -20

E. 13

Question 2

34 is what percent of 80?

A. 34%

B. 40%

C. 42.5%

D. 44.5%

E. 52%

Question 3

 Jack and Kevin play in a basketball game. If the ratio of points scored by

Jack to points scored by Kevin is 4 to 3, which of the following could NOT be the total number of points scored by the two boys?

A. 7

B. 14

C. 16

D. 28

E. 35

Question 4

 Factor the following expression: x2 + x – 12

A. (x – 4) (x + 4)

B. (x – 2) (x + 6)

C. (x + 6) (x – 2)

D. (x – 4) (x + 3)

E. (x + 4) (x – 3)

Question 5

 The average of six numbers is 4. If the average of two of those numbers is 2, what is the average of the other four numbers?

A. 5

B. 6

C. 7

D. 8

E. 9

Question 6

 What is the next-highest prime number after 67?

A. 68

B. 69

C. 71

D. 73

E. 76

Question 7

 Solve: 0.25 x 0.03 =

A. 75

B. 0.075

C. 0.75

D. 0.0075

E. 7.5

Question 8

Dean’s Department Store reduces the price of a $30 shirt by 20%, but later raises it again by 20% of the sale price. What is the final price of the shirt?

A. $24.40

B. $32

C. $30

D. $28.80

E. $26.60

Question 9

 How many 3-inch segments can a 4.5-yard line be divided into?

A. 15

B. 45

C. 54

D. 64

E. 84

Question 10

Sheila, Janice, and Karen, working together at the same rate, can complete a job in 3 1/3 days. Working at the same rate,  how much of the job could Janice and Karen do in one day?

A. 1/5

B. 1/4

C. 1/3

D. 1/9

E. 1/8

Answer Key

Quantitative

Problem-solving

1. B. Simply substitute the given values for a and b and perform the required

operations.

2. C. This problem is solved by finding x in this equation: 34/80 = x/100.

3. C. Every possible combination of scores is a multiple of 7, since the two terms of

the ratio have a sum of seven.

4. E. To solve this problem, work backwards. That is, perform FOIL on each answer

choice until you derive the original expression.

5. A. A set of six numbers with an average of 4 must have a collective sum of 24. The

two numbers that average 2 will add up to 4, so the remaining numbers must add up

to 20. The average of these four numbers can be calculated: 20/4 = 5.

6. C. Prime numbers are those that are only evenly divisible by one and themselves.

7. D. Simple Multiplication.

8. D. Multiply 30 by 0.2 and subtract this from the original price of the shirt to find

the sale price: $24. Then multiply 24 by 0.2 and add the product to the sale price to

find the final price.

9. C. There are 12 inches in a foot and 3 feet in a yard. Four and a half yards is equal

to 162 inches. To determine the number of 3-inche segments, divide 162 by 3.

10. A. If it takes 3 people 3 1/3 days to do the job, then it would take one person 10

days: 10  3/13× 3 = . Thus, it would take 2 people 5 days, and one day of work for two

people would complete 1/5 of the job.

 

 

How to pay off your home mortgage quicker to save thousands in 2013

How to pay off your home mortgage quicker to save thousands in 2013

What is Mortgage?

Mortgage is a loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower (mortgagor) gives the lender (mortgagee) a lien on the property as collateral for the loan.

Few months back a survey released by the Canada Mortgage and Housing Corporation claims that more than 75 per cent of survey respondents who bought a home in the previous year said being mortgage-free sooner was their goal. If you want to do same and save many thousands dollars you can do this by some neat tips. Of course wanting to be mortgage-free sooner is easier said than done, but there are some tricks that can help you along the way to reach your goal quicker.

By paying off your mortgage early, you will:

1. Save Money

2. Own Your Home

3. Reduce Your Stress Level

Here are some tips to Pay off your home mortgage sooner to save thousands

Make the largest down payment you can afford

Fact is, the more you put down the less you'll have to pay back; not just in the principal but in interest too.

Make more mortgage payments

There are two ways to go about doing this; both will save you some money along the way but one more so than the other.

Twice a month is good idea

Your first option is to pay twice a month (or whatever frequency works best for you) the total you would normally pay on a monthly payment plan. For example, if your monthly mortgage payment is $1,000 you can opt to make two payments a month of $500 each. You're not paying any more than you have to each month, although you will save a bit on interest by making part of your monthly total payment early.

Pay weekly or bi-weekly accelerated

Your second (and more money-saving option) is to pay weekly or bi-weekly accelerated payments in lieu of one monthly payment. Why does this save you money? Well, not only will you save money on interest like you would with the first option, but it's also a way you might not notice that you actually are making a couple of extra payments each year. Let's say for example, your monthly mortgage payment is $1,000 for a total of $12,000 per year. If instead you decide to pay $500 every two weeks, you'll actually end up putting $13,000 a year against your mortgage.

For example,

 Switching to a bi-weekly payment structure on a $400,000 mortgage with a four per cent interest rate can translate into paying the mortgage off about four years sooner with an overall savings of over $43,000 in interest. Increasing the payment on that mortgage by $20 -- or 4 per cent -- each year, takes another six years off and increases the interest savings to almost $96,000.

Round up your mortgage payments

Every little bit counts and the more you can pay, the quicker you will pay off your home mortgage. If your payments are an odd number round up your payments to a number you are comfortable paying. For example, if your payment is $987 consider rounding it up to $1,000. It's a small enough amount that you likely won't notice but over the long run will help you chip away at your mortgage.

Pay extra-got a raise, tax return or a bonus

When possible, view unexpected sources of money as found money and apply it to your mortgage. Since it is money you weren't expecting it likely won't affect your lifestyle in the short-term but will in the long-term when you pay off your mortgage that much faster.

Make more anniversary payments

Even if you have a closed mortgage, most home mortgages allow you to make extra payments, typically once a year, for up to 20% of the mortgage owed. This money is applied to the principal, saving you money in annual interest costs.

Keep your payments the same when interest rates drop

If you have a fixed rate mortgage and interest rates have decreased, when it is time to renew your mortgage consider keeping your payments the same; since less money will go towards paying interest, more will go to paying down the principal.

If you have a variable rate mortgage, and interest rates drop the same thinking applies; keep your payments the same so that more of your payment goes toward paying down the principal of your mortgage.

When interest rates increase, increase your payments too

If interest rates increase, increase how much you put on your mortgage. If you don't, less money will go towards paying down the principal and more towards paying interest-prolonging the time it takes you to pay off your mortgage.

Choose a shorter length of time to repay your loan

Look at all your amortization options to see how choosing a 15-year period versus a 20-year period versus a 25-year period will affect your payments and interest costs. Your mortgage payments will be higher, but you'll pay far less interest over the course of the loan. Do this exercise at the end of each mortgage term as what may have worked for you 5 years ago, might not be the best option for you now.

New and Free Wonderlic Practice Test Sample Questions (1-125) Part VI

New and Free Wonderlic Practice Test Sample Questions

This is my 6th blog on free Wonderlic Practice Test Sample Questions. Wonderlic Personnel Test (WPT) is a general test of problem solving ability that many consider to be the best measure of intelligence

Questions 86-105

Q 86

What are 1230.932567 rounded to the nearest hundredths place?

A. 1200, B. 1230.9326, C. 1230.93, D. 1230, E. 1230.933

Q 87

Subtract the following numbers rounded to the nearest tenths place.

134.679,-45.548,-67.8807

A. 21.3, B. 21.25, C. -58.97, D. -59.0, E. 1

Q 88

What is the absolute value of -9?

A. -9, B. 9, C. 0, D. -1, E. 1

Q 89

 What is the median of the following list of numbers? 4, 5, 7, 9, 10, 12

A. 6, B. 7.5, C. 7.8, D. 8, E. 9

Q 90

What is the mathematical average of the number of weeks in a year, seasons in a year, and the number of days in January?

A. 36, B. 33, C. 32, D. 31, E. 29

Q 91

 In a college, some courses contribute more towards an overall GPA than other courses. For example, a science class is worth 4 points; mathematics is worth 3 points; history is worth 2 points; and English is worth 3 points. The values of the grade letters are as follows, A= 4, B=3, C=2, D=1, F=0. What is the GPA of a student who made a "C" in Trigonometry, a "B" in American History, an "A" in Botany, and a "B" in Microbiology?

A. 2.59, B. 2.86, C. 3.08, D. 3.33, E. 3.67

_______________________________________________________

Free Wonderlic Practice Test Sample Questions Answer Key 86-105

86. C

87. A

88. B

89. D

90. E

91. C

92. A

93 B

94. A

95. C

96. Answer: 56 cents. First, divide the number of inches in 2 feet (24) by 3; then, multiply this number (8) by the price of 3 inches of rope: 8 x 7 = 56

97. Answer: 80.The next number is found by multiplying the previous number by 2.

98. Answer: 78.The next number is taken by adding one to each number and then multiplying this sum by 2.

99. Answer: 65. The next number is found by multiplying the number by 2 and then subtracting one from the product.

100. Answer: 1/9.

101. Answer: 1.5. The next number is found by dividing each number by 2.

102. Answer: 60.Be sure to identify the position of the decimal point.

103. Answer: 0.04. Be sure to identify the position of the decimal point.

104. Answer: 0.09. It may be helpful to say the numbers out loud: "9 hundredths" is clearly smaller than "54 hundredths."

105 Answer: 629. Make sure to note the number of place values rather than simply looking at the value of the first digit in the number.

______________________________________

Q 92

Over the course of a week, Fred spent $28.49 on lunch. What was the average cost per day?

A. $4.07, B. $3.57, C. $6.51, D. $2.93, E. $5.41

Q 93

A roast was cooked at 325° F in the oven for 4 hours. The internal temperature rose from 32° F to 145° F. What was the average rise in temperature per hour?

A. 20.2° F/hr ,B. 28.25° F/hr ,C. 32.03° F/hr ,D. 37° F/hr ,E. 37.29° F/hr

Q 94

In the number 743.25 which digit represents the tenths space?

A. 2, B. 3, C. 4, D. 5, E. 6

Q 95

 Add 0.98 + 45.102 + 32.3333 + 31 + 0.00009

A. 368.573

B. 210.536299

C. 109.41539

D. 99.9975

E. 80.8769543

Q 96

 If three inches of rope cost 7 cents, how much would 2 feet of rope cost?

Q 97

 What is the next number in the sequence: 5, 10, 20, 40, ?

Q 98

What is the next number in the sequence: 3, 8, 18, 38...?

Q 99

 What is the next number in the sequence: 5, 9, 17,33,...?

Q 100

 What is the next number in the sequence: 9, 3, 1, 1/3,...?

Q 101

 What is the next number in the sequence: 24, 12, 6, 3...?

Q 102

 Which of the following numbers represents the greatest amount: 6, 6.0, 0.600, 60?

Q 103

Which of the following numbers represents the smallest amount: 0.400, 0.04, 4.0, 40?

Q 104

Which of the following numbers represents the smallest amount: 3.26, 0.54, 89.00,0.09?

Q 105

 Which of the following numbers represents the smallest amount: 3899, 629, 89001, 9867?

New and Free Wonderlic Practice Test Sample Questions (1-125) Part V

New and Free Wonderlic Practice Test Sample Questions (1-125) Part V

This is my 5th blog on free Wonderlic Practice Test Sample Questions. Wonderlic Personnel Test (WPT) is a general test of problem solving ability that many consider to be the best measure of intelligence.

The WPT provides indicators of an individual's ability to cope with the complexities of any particular occupation. The general consensus among psychologists is that cognitive ability--as tested on the Wonderlic--is the most reliable predictor of an individual's professional performance.

The test itself consists of 50 questions that the participant is allowed 12 minutes to answer.  The resulting number of correct answers corresponds to an intelligence quotient.  Specifically, 21, considered an average score, is equivalent to the average IQ of 100.  Higher scoring applicants are supposed to learn more rapidly, master more complex material, and exercise better judgment while lower scoring applicants tend to require more time, detailed task instruction, and less challenging job routines. 

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Questions 71-85

Part 1-Filing alphabetical and chronological order

Each question consists of a set of five names, five numbers or five dates numbered successively from (1) to (5). Arrange the names in alphabetical order, the numbers in ascending order from lowest to highest, and the dates in chronological order from earliest to most recent.

71. Question

1.Gibbons, Michael

2.Gibons, Arlene

3.Gibbard, Rhonda

4.Gibbens, Peter

5.Giardina, Ioannis

3,  4,  1,  5,  2

5,  3,  4,  1,  2

5,  4,  1,  2,  3

3,  1,  4,  2,  5

2,  1,  3,  5,  4

72. Question

1. March 6, 1898

2. April 4, 1898

3. February 14, 1898

4. April 16, 1898

5. February 2, 1899

1,  5,  4,  2,  3

3,  1,  4,  5,  2

3,  1,  2,  4,  5

3,  5,  2,  4,  1

1,  2,  4,  5,  3

73. Question

1.19199

2.91909

3.19999

4.19990

5.91191

2,  5,  1,  4,  3

1,  4,  3,  5,  2

4,  3,  1,  5,  2

1,  4,  5,  2,  3

4,  3,  1,  2,  5

74. Question

1.Willis, Paul

2.Cruikshank, Arnold

3.Vishnubhatla, Vijay

4.Cruikshanks, Alice

5.Williams, Julie

4,  2,  3,  5,  1

5,  1,  2,  4,  3

2,  4,  3,  1,  5

4,  2,  5,  1,  3

2,  4,  3,  5,  1

75. Question

1.Hiroux, Wadad

2.Hiscoe, Stephane

3.Hipolito, Antonio

4.Hurtubise, Éliane

5.Huynh, Lucie

4,  5,  2,  3,  1

5,  4,  1,  2,  3

4,  2,  3,  1,  5

3,  1,  2,  4,  5

2,  3,  5,  1,  4

76. Question

1.72983

2.73456

3.72139

4.75421

5.74694

5,  3,  1,  4,  2

3,  1,  2,  5,  4

2,  5,  3,  1,  4

1,  4,  2,  3,  5

2,  1,  4,  5,  3

77. Question

1.456-432-111

2.398-421-981

3.625-132-499

4.398-421-971

5.298-491-645

4,  1,  2,  3,  5

5,  4,  1,  2,  3

4,  2,  1,  3,  5

5,  4,  2,  1,  3

3,  1,  2,  4,  5

_______________________________________________-

Answers Key Questions Number 71-85

Question 71 = 2

Question 72 = 3

Question 73 = 2

Question 74 = 5

Question 75 = 4

Question 76 = 2

Question 77 = 4

Question 78 = 1

Question 79 = 2

Question 80 = 3

 Question 81 = 95

Question 82 = 3

Question 83 = 6

Question 84 = a

Question 85 = d

 ________________________________________________________________

78. Question

1.Bartoletto, A.

2.Singh, H.

3.Rasmindry, T.

4.Bartoletto, H.

5.Hill, K.

1,  4,  5,  3,  2

2,  1,  3,  4,  5

2,  3,  5,  4,  1

4,  1,  5,  3,  2

5,  1,  4,  3,  2

79. Question

1.754235

2.753126

3.753127

4.774861

5.774456

2,  1,  3,  4,  5

2,  3,  1,  5,  4

1,  3,  2,  5,  4

3,  1,  2,  5,  4

3,  2,  1,  4,  5

80. Question

1.Bernstein, Peter

2.Berkowite, Ula

3.Bernier, France

4.Bond, James

5.Bisanz, Katya

2,  1,  3,  4,  5

1,  3,  2,  5,  4

2,  3,  1,  5,  4

3,  2,  1,  5,  4

3,  1,  2,  4,  5

81. Question

Pencil sells for 19 cents. What will 5 pencils cost?

82. Question

The 6th month of the year is

1. October2. August

3. June

4. September

5. May

83. Question

Look at the row of numbers below. What number should come next?

24, 21, 18, 15, 12, 9

84. Question

Choose the answer that most nearly means the same as the underlined word.

An inaccuracy is a

a. mistake  

b. type of medicine  

c. prison  

d. chance happening

85. Question

 17 x 0 x 5

 a 30, b. 11, c. 25, d. 0, e. 85