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Q:

A person driving at the speed of 45 kmph reaches office 1 minute early while she reaches 3 minutes late if driving 40 kmoh. What is the distance (in Km) that she is covering?

 

A) 24 B) 28
C) 32 D) 30
 
Answer & Explanation Answer: D) 30

Explanation:

Difference in time taken = 4min = 1/15 hr

Let the total distance covered by person be D km.

Then,

⇒ D/40 – D/45 = 1/15

⇒ 5D = 120

⇒ D = 24 km

∴ Distance covered by person is 24 km.

 

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Filed Under: Time and Distance
Exam Prep: Bank Exams

Q:

If Rs. 2,000 is invested at the rate of 20% per annum, compounded half-yearly, then the amount after 18 months will be:

A) Rs.2628 B) Rs.2662
C) Rs.2600 D) Rs.3200
 
Answer & Explanation Answer: D) Rs.3200

Explanation:
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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

A sum of Rs 20000 becomes Rs 32000 in 12 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) 21750 B) 22050
C) 23250 D) 24650
 
Answer & Explanation Answer: B) 22050

Explanation:
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Filed Under: Compound Interest
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  

Explanation:
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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

Sachin lent out Rs 60000 in two parts, first at 4% and the second at 10% interest. The yearly average interest comes out to be 6.4%. What are the amounts (in Rs) that were lent at 4% and 10% respectively?

 

A) 40000, 20000   B) 48000, 12000  
C) 36000, 24000   D) 32000, 28000
 
Answer & Explanation Answer: C) 36000, 24000  

Explanation:
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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. Ifa sentence is free from error, select 'No Error'.

 

Swami Vivekananda died very young in his early thirties, (1)/ but the phenomenal achievements he is credit with (2)/ are for generations to remember. (3)/ No error(4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Filed Under: English
Exam Prep: Bank Exams

Q:

A sum of Rs 6000 becomes Rs 7200 in 2 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 3 years?

 

A) 7434   B) 8244  
C) 7864   D) 7986
 
Answer & Explanation Answer: D) 7986

Explanation:
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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

A sum of Rs 6000 becomes Rs 7200 in 2 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 3 years?

 

A) 7434   B) 8244  
C) 7864   D) 7986
 
Answer & Explanation Answer: D) 7986

Explanation:
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Filed Under: Compound Interest
Exam Prep: Bank Exams