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Q:

An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 8%, the effective rate of interest becomes ?

A) 10.25 %	B) 8.16 %
C) 9.63 %	D) 0.16 %

Answer & Explanation Answer: B) 8.16 %

Explanation:

Let the sum be Rs. 100. Then,
S.I. for first 6 months = (100 x 8 x 1) / (100 x 2) = Rs. 4
S.I. for last 6 months = (104 x 8 x 1) / (100 x 2) = Rs. 4.16
So, amount at the end of 1 year = (100 + 4 + 4.16) = Rs. 108.16
Effective rate = (108.16 - 100) = 8.16%.

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Filed Under: Simple Interest
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Q:

A large tanker can be filled by two pipes A and B in 60 and 40 minutes respectively. How many minutes will it take to fill the tanker from empty state if B is used for half the time and A and B fill it together for the other half ?

A) 31 min	B) 29 min
C) 28 min	D) 30 min

Answer & Explanation Answer: D) 30 min

Explanation:

Part filled by (A + B) in 1 minute = (1/60 + 1/40) = 1/24
Suppose the tank is filled in x minutes.
Then, x/2(1/24 + 1/40) = 1
(x/2) * (1/15) = 1 => x = 30 min.

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Filed Under: Pipes and Cistern
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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Q:

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned ?

A) Rs. 11828.80	B) Rs. 19828.80
C) Rs. 9828.80	D) Rs. 19328.80

Answer & Explanation Answer: B) Rs. 19828.80

Explanation:

Let the sum be Rs. P
P{ ${(1 + \frac{8}{100})}^{2}$ - 1 } = 2828.80

It is in the form of $a^{2} - b^{2} = (a + b) (a - b)$

P(8/100)(2 + 8/100) = 2828.80

P = 2828.80 / (0.08)(2.08)

= 1360/0.08 = 17000

Principal + Interest = Rs. 19828.80

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Filed Under: Compound Interest
Exam Prep: GRE , GATE , CAT , Bank Exams , AIEEE
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Q:

On multiplying a number by 7, the product is a number each of whose digits is 3. The smallest such number is ?

A) 476190476	B) 48617
C) 47619	D) 4587962

Answer & Explanation Answer: C) 47619

Explanation:

By hit and trail, we find that

47619 x 7 = 333333.

7) 333333 (47619
333333
----------------
0

And 476190476 x 7 = 3333333333 but smallest number is 47619.

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Filed Under: Problems on Numbers
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Q:

A tank is filled in eight hours by three pipes K, L and M. Pipe K is twice as fast as pipe L, and L is twice as fast as M. How much time will pipe L alone take to fill the tank ?

A) 32 hrs	B) 24 hrs
C) 28 hrs	D) 26 hrs

Answer & Explanation Answer: C) 28 hrs

Explanation:

1/K + 1/L + 1/M = 1/8 (Given)
Also given that K = 2L and L = 2M
=> 1/2L + 1/L + 2/L = 1/8
=> (1 + 2 + 4)/2L = 1/8
=> 2L/7 = 8
=> L = 28 hours.

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Filed Under: Pipes and Cistern
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Q:

Two pipes A and B can fill a tank in 15 min and 20 min respectively. Both the pipes are opened together but after 4 min, pipe A is turned off. What is the total time required to fill the tank ?

A) 15 min 20 sec.	B) 16 min 40 sec.
C) 13 min 10 sec.	D) 14 min 40 sec.

Answer & Explanation Answer: D) 14 min 40 sec.

Explanation:

Part filled in 4 minutes = 4(1/15 + 1/20) = 7/15

Remaining part = 1 - 7/15 = 8/15

Part filled by B in 1 minute = 1/20

1/20 : 8/15 :: 1 : k

k = (8/15 )x 1 x 20 = 10( 2/3) min = 10 min 40 sec.

The tank will be full in (4 min. + 10 min. 40 sec) = 14 min 40 sec.

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Filed Under: Pipes and Cistern
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Q:

What is the Logo and mascot of Asian Athletics Championships that is scheduled to be held from 6 to 9 july 2017 ?

A) Fishing cat	B) Olive Ridley turtles.
C) Sanderlings	D) Irrawaddy Dolphins

Answer & Explanation Answer: B) Olive Ridley turtles.

Explanation:

Odisha Chief Minister Naveen Patnaik has unveiled the logo and mascot of the 22nd Asian Athletics Championships scheduled to be held at the Kalinga Stadium in Bhubaneshwar from July 6 to 9, 2017.

Mr. Patnaik also formally announced Bhubaneswar as the host for the sports event. The mascot, named Olly Turtle, depicts the Olive Ridley turtles.

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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

Q:

A, B, C and D enter into partnership. A subscribes 1/3 of the capital B 1/4, C 1/5 and D the rest. How much share did A get in a profit of Rs.2490 ?

A) Rs. 820	B) Rs. 830
C) Rs. 840	D) Rs. 850

Answer & Explanation Answer: B) Rs. 830

Explanation:

Let the total amount in the partnership be 'x'.
Then A's share = x/3
B's share = x/4
C's share = x/5
D's share = x - (x/3 + x/4 +x/5) = 13x/60

A : B : C : D = x/3 : x/4 : x/5 : 13x/60 = 20 : 15 : 12 : 13

A's share in the profit of Rs. 2490 = 20 (2490/60) = Rs. 830.

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Filed Under: Partnership
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