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Q:

If you deposit $8000 into an account paying 7% annual interest compounded quarterly, how long until there is $12400 in the account?

A) 2.3 B) 3.3
C) 4.3 D) 6.3
 
Answer & Explanation Answer: D) 6.3

Explanation:

 

 

FV=P(1+r/n)^nt

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

7 10373
Q:

The Abohar Wildlife Sanctuary is located in which state  ?

A) Madhya Pradesh B) Haryana
C) Bihar D) Punjab
 
Answer & Explanation Answer: D) Punjab

Explanation:

The Abohar Wildlife Sanctuary is located in the Fazilka District of Punjab. The formation of sanctuary relates to a unique success story of wildlife conservation in which people of Bishnoi community united themselves for protecting the Black Buck which is regarded as a sacred animal by them. It is also the State Animal of Punjab. It is home to several varieties of flora and fauna viz. Albizia lebbeck, Acacia nilotica, Azadirachata indica, A. tortilis, Wild Boar, Blue Bull, Porcupines, Hare, Jackal, etc.

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Filed Under: Indian Geography
Exam Prep: Bank Exams , CAT

30 10360
Q:

Four thermal heaters A,B, C and D are used in the R & D department of Raliance chemicals Ltd. Only one heater can be used on any day . If heater A is used on any day, neither A nor C can be used the next day. If heater C is used on any day, neither C nor D can be used on the next day. If heater C is used on any day, then A has to be used the next day. If heater D is used on any day, then B has to be used the next day.

If heater D is used on the third day and different heaters are used on first and fourth day, which heater is used on the first day ?

   (1) D       (2) A       (3) B        (4) C

Answer

If heater D is used on the third day, heater B has to be used on the fourth day and A has to be used on the second day. But if A is used on second day, then either B or C has to be used on the first day. But if heater B is used on the first day, then according to the question, the requirement of having different heaters on the first day and fourth days would not be fulfilled. Hence the heater that would be used on the first day is C.

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Subject: Deriving Conclusions From Passages Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

7 10345
Q:

If a+b+c =21 what is the total number of positive integral solutions?

A) 109 B) 190
C) 901 D) 910
 
Answer & Explanation Answer: B) 190

Explanation:

Number of positive integral solutions =  n-1Cr-1 = C220 = 190

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Filed Under: Permutations and Combinations
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

6 10335
Q:

The probability that z lies between 0 and 3.01

A) 0.4987 B) 0.5
C) 0.9987 D) 0.1217
 
Answer & Explanation Answer: A) 0.4987

Explanation:

Probability between z = 0 and z = 3.01 is given by

P(0<z<3.01) = P(z<3.01) - P(z<0)

Reading from the z-table, we have

P(z<0) = 0.5

P(z<3.01) = 0.9987

Hence, P(0<z<3.01) = 0.9987 - 0.5 = 0.4987.

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

37 10332
Q:

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to
be repaid if he is repaying the entire amount at the end of 2 years?
I. The rate of interest is 5 p.c.p.a.
II. Simple interest fetched on the same amount in one year is Rs. 600.
III. The amount borrowed is 10 times the simple interest in 2 years.

A) .I only B) III only
C) I or II D) II and Either I or III only
 
Answer & Explanation Answer: D) II and Either I or III only

Explanation:

   I. gives, Rate = 5% p.a.

 

 II. gives, S.I. for 1 year = Rs. 600.

 

III. gives, sum = 10 x (S.I. for 2 years).

 


 Now I, and II give the sum.


 For this sum, C.I. and hence amount can be obtained.


 Thus, III is redundant.


 Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.


 Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.


Thus,Rate =100*12002*12000 =5%


Thus, C.I. for 2 years and therefore, amount can be obtained.


Thus, I is redundant.



Hence, I or III redundan
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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

5 10321
Q:

Selling an article at a profit of 20%, Aman gets Rs. 400 more than selling at a loss of 20%. The cost price of the article is ?

A) Rs.1000 B) Rs. 1020
C) Rs.1210 D) Rs.1140
 
Answer & Explanation Answer: A) Rs.1000

Explanation:

Cost price of the article is given by

= 400x100/(20+20)

= Rs.1000

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

21 10316
Q:

People buy me to eat but never eat me?

Answer

I ama PLATE.


People used me to eat their food but cannot eat me.

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Subject: Logic Puzzles Exam Prep: GRE , CAT , Bank Exams

93 10313