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Q:

Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

A) Rs.512 B) Rs.515
C) Rs.612 D) Rs.522
 
Answer & Explanation Answer: C) Rs.612

Explanation:

Amount

= Rs[7500x(1+4/100)²]

=Rs.(7500 * 26/25 * 26/25)

=Rs.8112

 

 C.I

= Rs(8112 - 7500)

=Rs.612

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

Q:

Which country won the Cricket World cup in 2011

A) Sri Lanka B) Australia
C) Pakistan D) India
 
Answer & Explanation Answer: D) India

Explanation:
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Filed Under: Sports

Q:

Where is headquaters of Pan American Health Organisation

A) Mexico B) Washington DC
C) Ottawa D) New York
 
Answer & Explanation Answer: A) Mexico

Explanation:
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Filed Under: World Organisations

Q:

Which of the following awarded Noble peace prize for three times

A) Human rights council B) World bank
C) International Commitee of the red cross D) Un Peacekeeping forces
 
Answer & Explanation Answer: C) International Commitee of the red cross

Explanation:
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Filed Under: World Organisations

Q:

When is world health day observed every year

A) 8th April B) 10th April
C) 7th April D) 9th April
 
Answer & Explanation Answer: C) 7th April

Explanation:
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Filed Under: World Organisations

Q:

What is the rate of simple interest?
I. The total interest earned was Rs. 4000.
II. The sum was invested for 4 years.

A) I alone sufficient while II alone not sufficient to answer B) II alone sufficient while I alone not sufficient to answer
C) Either I or II alone sufficient to answer D) Both I and II are not sufficient to answer
 
Answer & Explanation Answer: D) Both I and II are not sufficient to answer

Explanation:

We know that, R = (100 x S.I) / (P x T)

Now I gives, S.I = Rs. 4000.

        II gives,  T = 4 years.

But, P is unknown. So, we cannot find R.

So, given data is insufficient to get R.

 

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

Q:

What percentage of simple interest per annum did Anand pay to Deepak?
I. Anand borrowed Rs. 8000 from Deepak for four years.
II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan

A) I alone sufficient while II alone not sufficient to answer B) II alone sufficient while I alone not sufficient to answer
C) Either I or II alone sufficient to answer D) Both I and II are necessary to answer
 
Answer & Explanation Answer: D) Both I and II are necessary to answer

Explanation:

Let the rate be R% p.a.

I  gives, P = Rs. 8000 and T = 4 years.

II gives, S.I = Rs. (8800 - 8000) = Rs. 800.

R = [100 x S.I] / [p x t ]= (100 x 800)/(8000 x 4) = 2 ½ % p.a

Thus, I and II both are needed to get the answer.

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

Q:

How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?

A) 65years B) 56years
C) 45years D) 57years
 
Answer & Explanation Answer: B) 56years

Explanation:

Simple interest is given by the formula SI = (pnr/100), where p is the principal, n is the numberof years for which it is invested, r is the rate of interest per annum

 

In this case, Rs. 1250 has become Rs.10,000.

 

Therefore, the interest earned = 10,000 – 1250 = 8750.

 

8750 = [(1250 x n x 12.5)/100]

 

=> n = 700 / 12.5 = 56 years.

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