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Q:

Deksha borrowed Rs. 500 at 5% per annum S.I. What amount (in Rs.) will she pay to clear her debt after 4 years?

A) 150	B) 650
C) 600	D) 100

Answer & Explanation Answer: C) 600

Explanation:

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

A sum of money was invested at the rate of 7.5% S.I. per annum for 4 years. If the investment was for 5 years, the interest earned would have been Rs. 375 more. What was the initial sum invested?

A) Rs. 4750	B) Rs. 5000
C) Rs. 4500	D) Rs. 3750

Answer & Explanation Answer: B) Rs. 5000

Explanation:

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Both S.I. and C.I. is calculated with a similar rate of 10% per annum on a sum of rupees. If C.I. is calculated yearly for two years, then for what period must S.I. be evaluated such that S.I. = C.I.?

A) 4.2 years	B) 2.1 years
C) 1.1 years	D) 1.4 years

Answer & Explanation Answer: B) 2.1 years

Explanation:

Let time period of S.I. be T years.

Then for a principal amount, say P,

ATQ, as, S.I. = C.I. for rate =10%p.a. and

time for C.I. = 2(P x 10 x T)/100 = P{[ (100+10)/100 ]2-1}T/10 = [ 110/100 ]2–1 = [(11/10)2–1] = (121-100)/100T/10 = 21/100T = 21/10 = 2.1 years

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Filed Under: Simple Interest
Exam Prep: Bank Exams
Job Role: Bank PO , Bank Clerk

Q:

An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 8%, the effective rate of interest becomes ?

A) 10.25 %	B) 8.16 %
C) 9.63 %	D) 0.16 %

Answer & Explanation Answer: B) 8.16 %

Explanation:

Let the sum be Rs. 100. Then,
S.I. for first 6 months = (100 x 8 x 1) / (100 x 2) = Rs. 4
S.I. for last 6 months = (104 x 8 x 1) / (100 x 2) = Rs. 4.16
So, amount at the end of 1 year = (100 + 4 + 4.16) = Rs. 108.16
Effective rate = (108.16 - 100) = 8.16%.

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Filed Under: Simple Interest
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Q:

If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is ?

A) Rs. 580	B) Rs. 480
C) Rs. 550	D) Rs. 470

Answer & Explanation Answer: B) Rs. 480

Explanation:

Let the sum be Rs. P. Then,

$[P {(1 + \frac{25}{2 x 100})}^{2} - P]$ = 510

P[ ${(\frac{9}{8})}^{2}$ - 1] = 510.

Sum = Rs. 1920

So, S.I. = (1920 x 25 x 2) / (2 x 100) = Rs. 480

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Filed Under: Simple Interest
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Q:

A,B,C together can do a piece of work in 10 days.All the three started workingat it together and after 4 days,A left.Then,B and C together completed the work in 10 more days.In how many days can complete a work alone ?

A) 25	B) 24
C) 23	D) 21

Answer & Explanation Answer: A) 25

Explanation:

(A+B+C) do 1 work in 10 days.

So (A+B+C)'s 1 day work=1/10 and as they work together for 4 days so workdone by them in 4 days=4/10=2/5

Remaining work=1-2/5=3/5

(B+C) take 10 more days to complete 3/5 work. So( B+C)'s 1 day work=3/50

Now A'S 1 day work=(A+B+C)'s 1 day work - (B+C)'s 1 day work=1/10-3/50=1/25

A does 1/25 work in in 1 day

Therefore 1 work in 25 days.

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Filed Under: Time and Work
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Job Role: Bank PO , Bank Clerk , Analyst

Q:

Taps X and Y can fill a tank in 30 and 40 minutes respectively.Tap Z can empty the filled tank in 60 minutes.If all the three taps are kept open for one minute each,how much time will the taps take to fill the tank?

A) 48min	B) 72min
C) 24min	D) None of these

Answer & Explanation Answer: C) 24min

Explanation:

Given taps X and Y can fill the tank in 30 and 40 minutes respectively. Therefore,

part filled by tap X in 1 minute = 1/30

part filled by tap Y in 1 minute = 1/40

Tap Z can empty the tank in 60 minutes. Therefore,

part emptied by tap Z in 1 minute = 1/60

Net part filled by Pipes X,Y,Z together in 1 minute = [1/30 +1/40 - 1/60] = 5/120 = 1/24

i.e., the tank can be filled in 24 minutes.

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Filed Under: Pipes and Cistern
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Q:

Sumanth walks 200 feet straight from his house, which is facing north and then he walks 100 feet in reverse direction.Further he takes a left turn and walks 300 yards.In Which direction is Sumanth now from his original position?

A) South-East	B) North-East
C) South-West	D) North-West

Answer & Explanation Answer: B) North-East

Explanation:

Starting From his house, Sumanth walks 200 feet straight towards North; we can write it as $N_{200}$ . Similarly, the other distances and directions can be considered and written as follows : (Notice that he covers 300 yards towards East; one yard = 3 feet and hence 300 yards = 900 feet)

$N_{200} S_{100} E_{900}$ Adding all south and all North distances and finding the net result, and also adding all East and all West distances and finding the net result, this can further be summarized as : $N_{100} E_{900}$

Thus, the direction from his original position is North-East.

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Filed Under: Direction Sense Test
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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