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Q:

Some part of Rs 17500 was lent at the rate of 24% per annum simple interest and the remaining part at the rate of 10% per annum simple interest. The total interest received after 5 years is Rs 13300. What is the ratio of money lent at the rate of 24% and 10%?

 

A) 12 : 13 B) 3 : 4
C) 3 : 2 D) 13 : 22
 
Answer & Explanation Answer: D) 13 : 22

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Mr. Ibrahim borrowed Rs. 7500 at 5% per annum compound interest. The compound interest compounded annually for 2 years is

A) 768.75 B) 8268.75
C) 8286.75 D) 786.75
 
Answer & Explanation Answer: B) 8268.75

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

If demand curve for trekking boots is D = 67500 - 18P and supply curve is S = 22500 + 12P, find the equilibrium Price?

A) 1500 B) 750
C) 2250 D) 500
 
Answer & Explanation Answer: A) 1500

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

A sum of Rs 7500 is divided into two parts. The simple interest on first part at the rate of 12% per annum is equal to the simple interest on second part at the rate of 18%. What is the interest (in Rs) on each part for one year?

A) 600 B) 360
C) 480 D) 540
 
Answer & Explanation Answer: D) 540

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

A dealer marks a washing machine for Rs. 7500, and allows a discount of 6% on it. Find the selling price

A) 6850 B) 7050
C) 7250 D) 6950
 
Answer & Explanation Answer: B) 7050

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

A shopkeeper marks up his wares by 60% and offers 10% discount. What will be the selling price (in Rs) if the cost price is Rs 7500?

A) 11800 B) 12800
C) 13800 D) 10800
 
Answer & Explanation Answer: D) 10800

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

Dalajit lent Rs 10800 to Jaabir for 3 years and Rs 7500 to Kabir for 2 years on simple interest at the same rate of interest and received Rs 1422 in all from both of them as interest. The rate of interest per annum is

A) 3.5 percent B) 4 percent
C) 3 percent D) 4.5 percent
 
Answer & Explanation Answer: C) 3 percent

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Filed Under: Simple Interest
Exam Prep: Bank Exams