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Q:

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

A) 80 B) 96
C) 106 D) 108
 
Answer & Explanation Answer: B) 96

Explanation:

To earn Rs. 135, investment = Rs. 1620.

 

To earn Rs. 8, investment =Rs.1620135×8= Rs. 96.

 

Market value of Rs. 100 stock = Rs. 96.

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Filed Under: Stocks and Shares

Q:

A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:

A) 3:5 B) 2:1
C) 16:15 D) 4:5
 
Answer & Explanation Answer: C) 16:15

Explanation:

For an income of Re. 1 in 9% stock at 96, investment = Rs. 96/9 = Rs.32/3

For an income Re. 1 in 12% stock at 120, investment = Rs. 120/12 = Rs. 10.

Ratio of investments =(32/3) : 10 = 32 : 30 = 16 : 15.

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Filed Under: Stocks and Shares

Q:

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

A) 146694.12 B) 13452
C) 18232 D) 15627
 
Answer & Explanation Answer: A) 146694.12

Explanation:

S=R[(1+i)^n-1]/i

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

Q:

Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years?

A) 1557.29 B) 2557.29
C) 2567 D) 2457
 
Answer & Explanation Answer: B) 2557.29

Explanation:

First find the present value of $3800,then compare present values:

 

M  = p(1+i/4)^4n

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

Q:

Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

A) 1126.19 B) 1237
C) 2863 D) 1892
 
Answer & Explanation Answer: A) 1126.19

Explanation:

M=P(1+i)^n

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

Q:

Give an investment of $13200,compound amount of $22680.06 invested for 8 years,what is the interest rate if interest rate is compounded anually?

A) 6% B) 5%
C) 7% D) 8%
 
Answer & Explanation Answer: C) 7%

Explanation:

M = p(1+i)^n

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

Q:

A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:

A) 107.04 B) 648
C) 500 D) 648.60
 
Answer & Explanation Answer: B) 648

Explanation:

Number of shares = 44558.25= 540.

 

Face value = Rs. (540 x 10) = Rs. 5400.

 

Annual income = Rs.12100*5400 = Rs. 648.

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Filed Under: Stocks and Shares

Q:

Given a principal of $12,000 with a compound amount of $17,631.94 and interest rate of 8% compounded anually,what is the time peroid in years?

A) 3years B) 4years
C) 5years D) 6years
 
Answer & Explanation Answer: C) 5years

Explanation:

M=P(1+i)^n

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO