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Q:

A sum of Rs 4000 becomes Rs 7000 in 6 years at simple interest. If the rate of interest becomes double of itself, then what will be the amount (in Rs) after 6 years?

 

A)  8500 B)  9000
C)  8000 D) 10000
 
Answer & Explanation Answer: D) 10000

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Find the maximum area of a rectangle field which is surrounded by a rope of 400 m.

A) 5000 sq.m B) 6250 sq.m
C) 4000 sq.m D) 10000 sq.m
 
Answer & Explanation Answer: D) 10000 sq.m

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Filed Under: Area
Exam Prep: Bank Exams

Q:

A sum of Rs 4000 becomes Rs 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?

 

A) 4430   B) 5450  
C) 5290   D) 4970
 
Answer & Explanation Answer: C) 5290  

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

The price of a Television is Rs.14000 inclusive of VAT. If the rate of VAT is 12%, find the basic price of the Television.

A) Rs.13500 B) Rs.13000
C) Rs.12500 D) Rs.12000
 
Answer & Explanation Answer: C) Rs.12500

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

The maturity value of a certain sum after two years at 20% p.a. interest compounded annually is Rs. 14,400/-. Find the Principal amount.

A) Rs.9000 B) Rs.9500
C) Rs.10,000 D) Rs.10,500
 
Answer & Explanation Answer: C) Rs.10,000

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

A box of 20 items was bought for Rs. 6,400 after a discount of 20%. Find the cost of each item.

A) Rs. 300 B) Rs. 350
C) Rs. 400 D) Rs. 450
 
Answer & Explanation Answer: C) Rs. 400

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

A trader bought 10 kg of tea at Rs. 400 per kg. He sold half the quantity at 20% loss and remaining at 10% profit. What was his net profit or loss in percentage?

A) 5% loss B) 5% gain
C) 10% loss D) 10% gain
 
Answer & Explanation Answer: A) 5% loss

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

Cost price of a cooler is Rs 8400. If the profit percentage is 26%, then what is the selling price (in Rs) of the cooler?

 

A) 11351   B) 6667  
C) 10584   D) 9564
 
Answer & Explanation Answer: C) 10584  

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Filed Under: Profit and Loss
Exam Prep: Bank Exams