Bank PO Questions

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

r=I/pt=21.73%

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

savings would be $20 000 − $19 752.33 = $247.67

we know that speed = distance traveled/time taken
let the total distance traveled by the car is 2x km.
then time taken by it to cover first half is x/60 hour.
and for second half is x/40 hour.
Then average speed= total distance travelled / total time taken.

i.e. 2xx60+x40

=> 2x5x120

= 48 kmph.

The ratio of money she lended is

24000 : 16000 = 3 : 2

Let the rate of interest be R%

8%                   R%
     

           10

3          :           2

R = 13%.

In flowering plants one sperm nucleus fertilizes the egg and the other sperm nucleus fuses with two other nuclei found within the ovule, thus forming triploid endosperm.

Hence, double fertilization is unique to flowering plants.