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Q:

A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:

A) gains Rs. 55	B) gains Rs. 50
C) loses Rs. 30	D) gains Rs. 30

Answer & Explanation Answer: B) gains Rs. 50

Explanation:

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Filed Under: True Discount

Q:

The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is

A) 1200	B) 1764
C) 1600	D) 1354

Answer & Explanation Answer: B) 1764

Explanation:

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Filed Under: True Discount

Q:

Find the annual income derived by investing Rs. 6800 in 10% stock at 136.?

A) 250	B) 1500
C) 500	D) 50

Answer & Explanation Answer: C) 500

Explanation:

By investing Rs. 136, income obtained = Rs. 10.

By investing Rs. 6800, income obtained = $R s . \frac{10}{36} \times 6800$ = Rs. 500.

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Filed Under: Stocks and Shares

Q:

Find the annual income derived from Rs. 2500, 8% stock at 106?

A) 100	B) 200
C) 150	D) 250

Answer & Explanation Answer: B) 200

Explanation:

Income from Rs. 100 stock = Rs. 8.

Income from Rs. 2500 stock = $R s (\frac{8}{100} * 2500)$ = Rs. 200.

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Filed Under: Stocks and Shares

Q:

A is the brother of B. B is the brother of C. D is the father of A. Based on these three statements, which of the following statements cannot be definitely true ?

A) B is the brother of A.	B) B is the son of D.
C) A is the brother of C.	D) C is the brother of A.

Answer & Explanation Answer: D) C is the brother of A.

Explanation:

A is the brother of B and B is the brother of C. So, C may be the brother or sister of A.

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Filed Under: Blood Relations

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:

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 = $\frac{4455}{8.25}$ = 540.

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

Annual income = $R s . (\frac{12}{100} * 5400)$ = Rs. 648.

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Filed Under: Stocks and Shares

Q:

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A) 7401.22	B) 3456
C) 4567	D) 7890

Answer & Explanation Answer: A) 7401.22

Explanation:

With slight modifications, the basic formula can be made to deal with compounding at intervals other than annually.

Since the compounding is done at six-monthly intervals, 4 per cent (half of 8 per cent) will be added to the value on each occasion.

Hence we use r = 0.04. Further, there will be ten additions of interest during the five years, and so n = 10. The formula now gives:

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