period Search

Q:

The first Census in India during the British period was held during the tenure of

A) Lord Dufferin	B) Lord Lytton
C) Lord Mayo	D) Lord Ripon

Answer & Explanation Answer: C) Lord Mayo

Explanation:

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Filed Under: Indian Economy

Q:

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

A) 3.6	B) 6
C) 18	D) Cannot be determined

Answer & Explanation Answer: B) 6

Explanation:

Explanation:

Let rate = R% and time = R years.

Then, $(\frac{1200 * R * R}{100}) = 432$

$12 R^{2} = 432$

=> $R^{2} = 36 \Leftrightarrow R = 6$

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Filed Under: Compound Interest

Q:

In the history of Indian population, Which duration period is referred to as ' a great leap forward '

A) 1921 - 1931	B) 1941 - 1951
C) 1951 - 1961	D) 1971 - 1981

Answer & Explanation Answer: C) 1951 - 1961

Explanation:

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Filed Under: Indian Economy

Q:

The true-discount on Rs.2480 due after a certain period at 5% is Rs.80. Find the due period.

A) 6months	B) 5months
C) 8months	D) 3months

Answer & Explanation Answer: C) 8months

Explanation:

P.W= Amount – (T.D)

Time = $\frac{100 \times T D}{P W \times R}$

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Filed Under: True Discount
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?

A) 29.38	B) 39.38
C) 49.38	D) 59.38

Answer & Explanation Answer: B) 39.38

Explanation:

i=j/m

The monthly payment will be=PV*I

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

Q:

If the compound interest on a certain sum at $16 \frac{2}{3}$ % to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.

A) 1080	B) 1090
C) 1180	D) 1109

Answer & Explanation Answer: A) 1080

Explanation:

Let the sum be Rs. x. Then,

$C . I = [x * {(\frac{50}{300 * 100})}^{3} - x] = (\frac{343 x}{216} - x) = \frac{127 x}{216}$

$\Leftrightarrow \frac{127 x}{216} = 1270$

$x = 2160$

Thus, the sum is Rs. 2160

$S . I = R s . [2160 * \frac{50}{3} * 3 * \frac{1}{100}] = R s 1080$

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

Q:

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

A) 1261	B) 1271
C) 1281	D) 1291

Answer & Explanation Answer: A) 1261

Explanation:

Clearly, Rate = 5% p.a., Time = 3 years, S.I.= Rs. 1200. . .
So principal=RS [100*1200]/3*5=RS 8000
Amount = Rs. 8000 x [1 +5/100]^3 - = Rs. 9261.
.. C.I. = Rs. (9261 - 8000) = Rs. 1261.

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

Q:

Determine the nominal rate of interest if:

The periodic rate is 0.83% per month

A) 7%	B) 8%
C) 9%	D) 10%

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