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Q:

If the rate increases by 2%, the simple interest received on a sum of money increases by Rs. 108. If the time period is increased by 2 years, the simple interest on the same sum increases by Rs.180. The sum is ?

A) Rs. 540 B) Rs. 415
C) Rs. 404 D) Data is not sufficient
 
Answer & Explanation Answer: D) Data is not sufficient

Explanation:

Let the sum be Rs. p, rate be R% p.a. and time be T years.

Then,

 P×T×(R+2)100-P×T×R100=108  2PT= 10800  ...... (1)

 And, 

 P×R×(T+2)100-P×R×T100=180   2PR = 18000 ......(2)

Clearly, from (1) and (2), we cannot find the value of p
So, the data is not sufficient.

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Filed Under: Simple Interest
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Job Role: Bank PO , Bank Clerk

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Q:

Question :

What is the sum which earned interest ?

Statements :

a. The total simple interest was Rs. 9000 after 9 years.
b. The total of sum and simple interest was double of the sum after 6 years.

A) Only a is sufficient B) Neither a nor b is sufficient
C) Only b is sufficient D) Both a and b sufficient
 
Answer & Explanation Answer: D) Both a and b sufficient

Explanation:

Let the sum be Rs. x

a. gives, S.I = Rs. 9000 and time = 9 years.

b. gives, Sum + S.I for 6 years = 2 x Sum

--> Sum = S.I for 6 years.


Now, S.I for 9 years = Rs. 9000

S.I for 1 year = Rs. 9000/9 = Rs. 1000.

S.I for 6 years = Rs. (1000 x 6)= Rs. 6000.

--> x = Rs. 6000

Thus, both a and b are necessary to answer the question.

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Filed Under: Simple Interest
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Job Role: Bank PO , Bank Clerk , Analyst

3 17360
Q:

What will be the ratio of simple interest earned by certain amount at the same rate of interestfor 4 years and 6 years ?

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

Explanation:

Let p be the principle amount

And R% be the rate of interest

Then, required ratio =P×4×R100P×6×R100 

 

4PR6PR= 2:3

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Filed Under: Simple Interest
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Job Role: Bank PO , Bank Clerk

2 2728
Q:

Statement: There is a substantial increase in the number of accidents causing deaths and severe injuries due to malfunctioning of the traffic signals.
Course of action:
a. The traffic police should immediately post traffic personnel at the junctions.
b. The signal system should immediately be repaired or replaced.

A) Only a follows B) Either a or b follows
C) Only b follows D) Neither a nor b follows
 
Answer & Explanation Answer: B) Either a or b follows

Explanation:

Clearly, either the traffic signals should be made to function properly or traffic personnel should be deployed to guide vehicular movement in the right way. So either I or II follows.

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1 2429
Q:

Describe a time when you made a mistake ?

Answer

Mention the mistake and be honest about it, but always make sure that you follow it up with what you learnt from that episode and the improvements it has brought to your efficiency.

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1 1245
Q:

Would you lie for the company ?

Answer

This is one of the trickiest questions in the world of interviewing, as it pits two morals against each other − Loyalty verses Honesty.


In such cases, try to give an answer that’s as diplomatic as possible, like − I will never do anything that could cast a shadow on the company’s image and reputation. I will always consult with my seniors before taking a decision, so that they can guide me with their expertise and level of experience.

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1 1357
Q:

If everyone on the team is a veteran, what will you do to fit in ?

Answer

This answer shows steps of becoming a team member that doesn't appear to be in training. It is describing ways to limit training times in meetings, and include that a new worker could benefit an existing team by making a list of ideas.


Even if everyone is a veteran, I feel confident I can fit right in. I would prepare as much as I can by reading existing material to catch up on the project. I would plan for meetings by making a list of questions I have and finding the answers to these questions before the meeting. I would also create a list of ideas through the documents I have read. A fresh mind could help with creative solutions. I know that I would be required to study a lot in the beginning, but I would be able to do so at home or by working late in the office.

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6 976
Q:

K and L start a business jointly. K invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit L claims 2/7th share. How much money is contributed by L?

A) Rs. 13,204 B) Rs. 14,521
C) Rs. 12,800 D) Rs. 15,000
 
Answer & Explanation Answer: C) Rs. 12,800

Explanation:

Given share of L is 2/7 th of profit. Then, their profits are divided in to 5:2 ratio.

Ratio of K and L is


16000×8x×4=52


x = Rs. 12,800.

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Filed Under: Partnership
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Job Role: Bank PO , Bank Clerk , Analyst

8 5255