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Q:

Find the approximate simple interest on Rs. 2000 from March 9, 2010 to May 21, 2010 at 8.25% per annum.

A) Rs. 43 B) Rs. 37
C) Rs. 33 D) Rs. 40
 
Answer & Explanation Answer: C) Rs. 33

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Saathi deposited Rs. 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of

A) Rs. 480 B) Rs. 280
C) Rs. 330 D) Rs. 290
 
Answer & Explanation Answer: C) Rs. 330

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

A sum of Rs 8000 is borrowed at compound interest at the rate of 7% per annum. What will be the amount (in Rs) after 2 years?

 

A) 1154.4   B) 13600  
C) 9159.2   D) 9428.6
 
Answer & Explanation Answer: C) 9159.2  

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

The value of a machine depreciates at the rate of 20% per annum. If its present value is Rs 96000, then what was the value (in Rs) of the machine 2 years ago?

 

A) 138240   B) 134400  
C) 150000   D) 144000
 
Answer & Explanation Answer: C) 150000  

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if rate of interest is charged half yearly.

A) Rs. 10041 B) Rs. 14641
C) Rs. 12000 D) Rs. 13660
 
Answer & Explanation Answer: B) Rs. 14641

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in percentage) of interest per annum?

A) 4 B) 16
C) 8 D) 12
 
Answer & Explanation Answer: C) 8

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

Study the following table and answer the questions based on it.

 

Below is the Household Expenditure (in Thousands Rupees) per annum.

 

 

What is the average spending on Leisure per annum?

 

A) Rs. 7040 B) Rs. 6500
C) Rs. 7100 D) Rs. 7400  
 
Answer & Explanation Answer: A) Rs. 7040

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Filed Under: Table Charts
Exam Prep: Bank Exams

Q:

Study the following table and answer the questions based on it.

 

Below is the Household Expenditure (in Thousands Rupees) per annum.

 

 

Expenditure on EMI forms what percentage of expenditure on Grocery for the year 2014?

A) 11.34% B) 14.23%
C) 13.22% D) 15.55%
 
Answer & Explanation Answer: B) 14.23%

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Filed Under: Table Charts
Exam Prep: Bank Exams