Bank PO Questions


Q:

The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?

A) 8560 B) 8673
C) 8746 D) 8780.80
 
Answer & Explanation Answer: D) 8780.80

Explanation:

when interest is reckoned using compound interest, interest being compounded annually. The difference in the simple interest and compound interest for two years is on account of the interest paid on the first year's interest  Hence 12% of simple interest = 90 => simple interest =90/0.12 =750.

As the simple interest for a year = 750 @ 12% p.a., the principal =750/0.12 = Rs.6250.

If the principal is 6250, then the amount outstanding at the end of 3 years = 6250 + 3(simple interest on 6250) + 3 (interest on simple interest) + 1 (interest on interest on interest) = 6250 +3(750) + 3(90) + 1(10.80) = 8780.80.

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

20 27930
Q:

A shopkeeper sells one-third of his goods at a profit of 10%, another one-third at a profit of 20%, and the rest at a loss of 6%.What is his overall profit percentage ?

A) 6% B) 8%
C) 10% D) 12%
 
Answer & Explanation Answer: B) 8%

Explanation:

Let the shopkeeper buy 300g for Rs.300. Now he sells 100g for Rs.110, another 100g for Rs120, and the rest 100g for Rs94. 

 

Therefore, the total amount he receives = Rs.110 + Rs.120 + Rs.94 = 324. 

 

Therefore, the shopkeeper spends Rs.300 and gets back Rs.324.

 

Therefore, his profit percentage = 24300x100 % = 8%

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

51 27852
Q:

Find the next number in the series

404, 415, 402, 413, 400, ?

A) 411 B) 421
C) 417 D) 414
 
Answer & Explanation Answer: A) 411

Explanation:

The given series 404, 415, 402, 413, 400, ? follows a pattern that,

404

404 + 11 = 415

415 - 13 = 402

402 + 11 = 413

413 - 13 = 400

400 + 11 = 411

 

Hence the next number in the given number series is 411.

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10 27822
Q:

A pump can fill a tank with water in 2 hours. Because of a leak, it took 213 hours to fill the tank. The leak can drain all the water of the tank in:

A) 7 hours B) 8 hours
C) 12 hours D) 14 hours
 
Answer & Explanation Answer: D) 14 hours

Explanation:

If the total area of pump=1 part

The pumop take 2 hrs to fill 1 part 

The pumop take1 hour to fill 1/2 portion 

 

Due to lickage  

The pumop take 7/3 hrs to fill 1 part 

The pumop take1 hour to fill 3/7 portion 

Now the difference of area = (1/2-3/7)=1/14 

 

This 1/14 part of water drains in 1 hour 

Total area=1 part of water drains in (1x14/1)hours= 14 hours 

 

So the leak can drain all the water of the tank in 14 hours. 

Leak will empty the tank in 14 hrs

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Filed Under: Pipes and Cistern
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

86 27796
Q:

The wages of labourers in a factory increases in the ratio 22:25 and there was a reduction in the number of labourers in the ratio 15:11. Find the original wage bill if the present bill is Rs. 5000 ?

A) Rs. 5500 B) Rs. 6000
C) Rs. 6200 D) Rs. 6350
 
Answer & Explanation Answer: B) Rs. 6000

Explanation:

The wages of labourers in a factory increases in the ratio 22:25 and there was a reduction in the number of labourers in the ratio 15:11. Find the original wage bill if the present bill is Rs 5000 ?
Ratio of increase of wages = 22:25
Ratio of decrease of labourers = 15:11
Compound ratio of wages of labourers = 22 x 15 : 25 x 11 = 330:275
Final bill = Rs. 5000
For 275 ratio wages = Rs. 5000
For 1 ratio wages = 5000/275
For 330 ratio wages = 5000/275 x 330 = Rs. 6000

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Filed Under: Ratios and Proportions
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO

69 27765
Q:

Horse : Jockey :: Car : ?

A) Chauffeur B) Steering
C) Mechanic D) Brake
 
Answer & Explanation Answer: A) Chauffeur

Explanation:

A horse is driven by a jockey.

 

Similarly, a car is driven by a chauffeur.

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

128 27714
Q:

The current of a stream at 1 kmph. A motor boat goes 35 km upstream and back to the starting point in 12 hours. The speed of the motor boat in still water is ?

A) 8 kmph B) 6 kmph
C) 7.5 kmph D) 5.5 kmph
 
Answer & Explanation Answer: B) 6 kmph

Explanation:

Speed of the stream = 1
Motor boat speed in still water be = x kmph
Down Stream = x + 1 kmph
Up Stream = x - 1 kmph
[35/(x + 1)] + [35/(x - 1)] = 12
x = 6 kmph

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

70 27688
Q:

The difference between the length and breadth of a rectangle is 23 m. If its perimeter is 206 m, then its area is:

A) 2520 B) 2420
C) 2320 D) 2620
 
Answer & Explanation Answer: A) 2520

Explanation:

We have: (l - b) = 23 and 2(l + b) = 206 or (l + b) = 103.
Solving the two equations, we get: l = 63 and b = 40.
Area = (l x b) = (63 x 40) = 2520 sq.m

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Filed Under: Area
Exam Prep: Bank Exams
Job Role: Bank PO

29 27659