its Search

Q:

Jackie deposits $325 in an account that pays 4.1% interest compounded annually. How much money will Jackie have in her account after 3 years?

A) 346.64	B) 356.64
C) 366.64	D) 376.64

Answer & Explanation Answer: C) 366.64

Explanation:

A=P(1+r)^t

Report Error

View Answer Report Error Discuss

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

Q:

Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simon’s account at the end of 2 years?

A) 424.36	B) 524.56
C) 545.36	D) 456.36

Answer & Explanation Answer: A) 424.36

Explanation:

I=Prt

I=12

Balance = P +Prt

412

Find the balance at the end of the second year.

I = Prt=12.36

Balance =P + Prt

424.36

Report Error

View Answer Report Error Discuss

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

Q:

Dianna deposits $725 into a savings account that pays 2.3% simple annual interest. How much interest will Dianna earn after 18 months?

A) 23.01	B) 24.01
C) 25.01	D) 26.01

Answer & Explanation Answer: C) 25.01

Explanation:

I = Prt

Report Error

View Answer Report Error Discuss

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

Q:

A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interst. The rate per annum

A) 5%	B) 5.5%
C) 6%	D) 6.5%

Answer & Explanation Answer: B) 5.5%

Explanation:

sum = x. amount =7x/6.

S.I. =(7x/6 – x) = x/6 ; time = 3 years

Rate =[ (100 * x) / (x * 6 * 3)]% = 5.5%

Report Error

View Answer Report Error Discuss

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

Q:

What is the rate of interest p.c.p.a.?

I. An amount doubles itself in 5 years on simple interest.

II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.

III. Simple interest earned per annum is Rs. 2000

A) I only	B) II and III only
C) All I, II and III	D) I only or II and III only

Answer & Explanation Answer: D) I only or II and III only

Explanation:

$I . \frac{P * R * 5}{100} = P \Leftrightarrow R = 20$

$I I . P {(1 + \frac{R}{100})}^{2} - P - \frac{P * R * 2}{100} = 400 = > p R^{2} = 4000000$

$I I I . \frac{P * R * 1}{100} = 2000 = > P R = 200000$

$\frac{P R^{2}}{P R} = \frac{4000000}{200000} \Leftrightarrow R = 20$

Thus I only or (II and III) give answer.

Correct answer is (D)

Report Error

View Answer Report Error Discuss

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

Q:

A gas is found to have the formula . Its vapour density is 70.The value of n must be

A) 5	B) 4
C) 9	D) 6

Answer & Explanation Answer: A) 5

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Chemistry

Q:

The true discount on a bill due 9 months hence at 12% per annum is Rs 540. Find the amount of the bill and its present worth?

A) 1600	B) 7000
C) 6000	D) 6500

Answer & Explanation Answer: C) 6000

Explanation:

Let amount be Rs.x then,

[X * R * T] / [100 + (R * T)] = T.D

=> [x * 12 * (3/4)] / [100+(12 * 3/4)] =540

=> x = 6540

Amount = Rs.6540

P.W = Rs.(6540 -540) = Rs.6000

Report Error

View Answer Report Error Discuss

Filed Under: True Discount

Q:

A cistern of capacity 8000 litres measures externally 3.3 m by 2.6 m by 1.1 m and its walls are 5 cm thick. The thickness of the bottom is:

A) 90 cm	B) 1 dm
C) 1 m	D) 1.1 cm

Answer & Explanation Answer: B) 1 dm

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Volume and Surface Area

Searching for "its"

Quick Links