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Q:

Two equal sums were lent, one at the rate of 11% per annum for five years and the other at the rate of 8% per annum for six years, both under simple interest. If the difference in interest accrued in the two cases is Rs 1008. Find the sum?

A) Rs. 14,400 B) Rs. 15,600
C) Rs. 14,850 D) Rs. 15,220
 
Answer & Explanation Answer: A) Rs. 14,400

Explanation:

Let the required Sum = Rs.S

 From the given data,

 1008 = [(S x 11 x 5)/100] - [(S x 8 x 6)/100]

 => S = Rs. 14,400.

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Filed Under: Simple Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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18 6117
Q:

On Rs. 3500 invested at a simple interest rate of 7 per cent per annum, Rs. 500 is obtained as interest in certain years. In order to earn Rs. 800 as interest on Rs. 4900 in the same number of years, what should be the rate of simple interest?

A) 8% B) 7.5%
C) 9% D) 8.5%
 
Answer & Explanation Answer: A) 8%

Explanation:

From the given data,

3500x7xt/100 = 500

=> t = 100/49 years

Now, in the second case

The interest per year = 49/100 x 800 = 392

 => 4900 x 1 x r/100 = 392

=> r = 8%

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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10 6116
Q:

How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?

A) 9007 B) 4007
C) 7007.08 D) 8oo7
 
Answer & Explanation Answer: C) 7007.08

Explanation:

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

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

1 6116
Q:

Select the odd term out of the following?

A) Internet B) Macintosh OSX
C) Linux Mint D) Windows 8.1
 
Answer & Explanation Answer: A) Internet

Explanation:

Internet is not an operating system.

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Filed Under: Computer
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

17 6116
Q:

Which award the Electronic Vaccine Intelligence Network (EVIN) app won in 2017 ?

A) Padma Award B) GSMA Asia Mobile Award
C) Best app of the year D) National Award
 
Answer & Explanation Answer: B) GSMA Asia Mobile Award

Explanation:
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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk

9 6116
Q:

What manages the resources on a network?

A) Operating system B) Data management
C) Application software D) Network software
 
Answer & Explanation Answer: A) Operating system

Explanation:

Operating system software is that manages resources on a network.

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

7 6115
Q:

The flow of information through MIS is

A) organization dependent B) information dependent
C) management dependent D) need dependent
 
Answer & Explanation Answer: D) need dependent

Explanation:

The flow of information through MIS - Management Information System is Need dependent.

The backbone of any organization is Information. The information of MIS comes from both internal and external sources.

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Filed Under: Computer
Exam Prep: AIEEE , Bank Exams , CAT , GRE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer , Project Manager

5 6114
Q:

Which is the first Indian company to be listed on NASDAQ ?

A) Reliance B) TCS
C) HCL D) Infosys
 
Answer & Explanation Answer: D) Infosys

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams
Job Role: Bank PO

12 6114