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Bank Exams Questions

A) 210% | B) 220% |

C) 230% | D) 240% |

A) 5 lit | B) 10 lit |

C) 15 lit | D) 20 lit |

Explanation:

Number of liters of water in 150 liters of the mixture = 20% of 150 = 20/100 x 150 = 30 liters.

P liters of water added to the mixture to make water 25% of the new mixture.

Total amount of water becomes (30 + P) and total volume of mixture is (150 + P).

(30 + P) = 25/100 x (150 + P)

120 + 4P = 150 + P => P = 10 liters.

A) 247.67 | B) 237.67 |

C) 227.67 | D) 215.67 |

Explanation:

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

r=I/pt=21.73%

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

savings would be $20 000 − $19 752.33 = $247.67

A) BHF | B) LDJ |

C) OKG | D) ZTY |

Explanation:

OKG

Remaining all are not in series

only OKG is in series of(15,11,7)

Here it follows the random difference of '4'.

A) K | B) L |

C) P | D) I |

Explanation:

Sum of place value in a row is 30.

So the letter which comes in place of '?' is **'I'**.