Exams


Q:

An automobile financier claims to be lending money at simple interest, but he includesthe interest every six months for calculating the principal. If he is charging an interest of10%, the effective rate of interest becomes:

A) 10% B) 10.25%
C) 10.5% D) none of these
 
Answer & Explanation Answer: B) 10.25%

Explanation:

Let the sum be Rs. 100. Then,

S.I. for first 6 months = Rs.[ (100 x 10 x 1)/(100 x 2) ]= Rs.5

S.I. for last 6 months =Rs.[(102 x 10 x 1)/(100 x 2) ] = Rs.5.25

So, amount at the end of 1 year = Rs. (100 + 5 + 5.25) = Rs. 110.25

Effective rate = (110.25 - 100) = 10.25%

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Filed Under: Simple Interest
Exam Prep: GRE

14 11152
Q:

Solve 30 + (.0825 x 30) + (15% x 30)

A) 24.750 B) 36.975
C) 34.652 D) 26.354
 
Answer & Explanation Answer: B) 36.975

Explanation:

30 + (.0825 x 30) + (15% x 30)

 

Now

=> 0.0825 x 30 = 2.475 -----(1)

=> 15% of 30 = 450/100 = 4.5 -----(2) 

 

Hence, from (1) & (2)

30 + (.0825 x 30) + (15% x 30)

= 30 + 2.475 + 4.5

30 + (.0825 x 30) + (15% x 30) = 36.975.

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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

19 11152
Q:

What is the sum which earned interest?
I. The total simple interest was Rs. 7000 after 7 years.
II. The total of sum and simple interest was double of the sum after 5 years.

A) I alone sufficient while II alone not sufficient to answer B) II alone sufficient while I alone not sufficient to answer
C) Either I or II alone sufficient to answer D) Both I and II are necessary to answer
 
Answer & Explanation Answer: D) Both I and II are necessary to answer

Explanation:

Let the sum be Rs. x.

I  gives, S.I. = Rs. 7000 and T = 7 years.

II gives, Sum + S.I. for 5 years = 2 x Sum Sum = S.I. for 5 years.

Now, S.I. for 7 years = Rs. 7000.

therefore, S.I. for 1 year =  Rs. 1000.

Thus, I and II both are needed to get the answer.

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Filed Under: Simple Interest
Exam Prep: GRE
Job Role: Bank PO

3 11148
Q:

The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?

A) Rs. 380 B) Rs. 420
C) Rs. 460 D) Rs. 440
 
Answer & Explanation Answer: B) Rs. 420

Explanation:

As given in the question, Marked price is 25% more than the Cost price.

=> C.P of the article = 34 x 400 = 300 

Now, 

Let the original S.P of the article be Rs. P

Now the new S.P = P + 16.666 +13.333300 x P 

=> S.P = 7P6

According to the question,

7P6 - 300 = 2P - 300

=> 5P = 1800

=> P = Rs. 360

Hence, the increased S.P = 360 x 7/6 = Rs. 420. 

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

11 11130
Q:

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of Interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

A) 3.6 B) 6
C) 18 D) cannot be determined
 
Answer & Explanation Answer: B) 6

Explanation:

Let rate = R% and time = R years.

 

Then, 1200×R×R100=432

 12R2=432

 

=> R = 6.

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Filed Under: Simple Interest
Exam Prep: GRE
Job Role: Bank PO

6 11121
Q:

If a solid sphere of radius 10 cms is moulded into 8 spherical solid balls of equal radius, then surface area of each ball (in sq.cm) is ?

A) 100 π B) 101/π
C) 99 π/12 D) 54/13π
 
Answer & Explanation Answer: A) 100 π

Explanation:

4/3 π x 10 x 10 x 10 = 8 x 4/3 π x r x r x r
r = 5
4π x 5 x 5 = 100π

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Filed Under: Volume and Surface Area
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

17 11112
Q:

The presence or absence of hydroxy group on which carbon atom of sugar differentiates RNA and DNA ?

A) 4th B) 2nd
C) 3rd D) 1st
 
Answer & Explanation Answer: B) 2nd

Explanation:

RNA has hydroxy group attached at the 2nd C-atom while DNA does not.

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Filed Under: Chemistry
Exam Prep: AIEEE

21 11111
Q:

What region is also referred as the  " Garden of southern India " ?

A) Western Ghats B) Nilgiris
C) Cauvery Delta D) Cardamom Hills
 
Answer & Explanation Answer: C) Cauvery Delta

Explanation:

Cauvery river also known as Dakshin Ganga is one of the major rivers in the south Indian region. On its course to Bay of Bengal, Cauvery gets branched into many distributaries forming many fertile deltas. It is for this reason that Cauvery is also known as the “garden of southern India.”

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Filed Under: Famous Places
Exam Prep: Bank Exams , CAT

23 11110