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Q:

How many different four letter words can be formed (the words need not be meaningful using the letters of the word "MEDITERRANEAN" such that the first letter is E and the last letter is R?

A) 59 B) 56
C) 64 D) 55
 
Answer & Explanation Answer: A) 59

Explanation:

The first letter is E and the last one is R.

 

Therefore, one has to find two more letters from the remaining 11 letters.

 

Of the 11 letters, there are 2 Ns, 2Es and 2As and one each of the remaining 5 letters.

 

The second and third positions can either have two different letters or have both the letters to be the same.

 

Case 1: When the two letters are different. One has to choose two different letters from the 8 available different choices. This can be done in 8 * 7 = 56 ways.

 

Case 2: When the two letters are same. There are 3 options - the three can be either Ns or Es or As. Therefore, 3 ways.

 

Total number of possibilities = 56 + 3 = 59

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Q:

A certain marathon had 50 people running for first prize, second, and third prize.How many ways are there to correctly guess the first, second, and third place winners?

A) 2 B) 1
C) 4 D) 3
 
Answer & Explanation Answer: B) 1

Explanation:

There is 1 way to correctly guess who comes in first, second, and third. There is only one set of first, second and third place winners. You must correctly guess these three people, and there is only one way to do so.

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Q:

Find the number of ways to draw a straight, (suit does not matter) beginning with a 4 and ending with a 8?

A) 1024 B) 1296
C) 1094 D) 1200
 
Answer & Explanation Answer: A) 1024

Explanation:

There are 5 slots.

 

                   __ __ __ __ __

 

The first slot must be a four. There are 4 ways to put a four in the first slot.

 

There are 4 ways to put a five in the second slot, and there are 4 ways to put a six in the third slot. etc.

 

(4)(4)(4)(4)(4) = 1024

 

Therefore there are 1024 different ways to produce the desired hand of cards.

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Q:

How many ways are there to deal a five-card hand consisting of three eight's and two sevens?

A) 36 B) 72
C) 24 D) 16
 
Answer & Explanation Answer: C) 24

Explanation:

If a card hand that consists of four Queens and an Ace is rearranged, nothing has changed.

 

The hand still contains four Queens and an Ace. Thus, use the combination formula for problems with cards.

 

We have 4 eights and 4 sevens.

We want 3 eights and 2 sevens.

C(have 4 eights, want 3 eights) x C(have 4 sevens, want 2 sevens) 

C(4,3) x C(4,2) = 24

 

Therefore there are 24 different ways in which to deal the desired hand.

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Q:

Find the total number of distinct vehicle numbers that can be formed using two letters followed by two numbers. Letters need to be distinct

A) 65000 B) 64000
C) 72000 D) 36000
 
Answer & Explanation Answer: A) 65000

Explanation:

Out of 26 alphabets two distinct letters can be chosen in 26P2 ways. Coming to numbers part, there are 10 ways.(any number from 0 to 9 can be chosen) to choose the first digit and similarly another 10ways to choose the second digit. Hence there are totally 10X10 = 100 ways. 

 

Combined with letters there are 6P2 X 100 ways = 65000 ways to choose vehicle numbers.

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Q:

How many alphabets need to be there in a language if one were to make 1 million distinct 3 digit initials using the alphabets of the language?

A) 1000 B) 100
C) 500 D) 999
 
Answer & Explanation Answer: B) 100

Explanation:

1 million distinct 3 digit initials are needed.

 

Let the number of required alphabets in the language be ‘n’.

 

Therefore, using ‘n’ alphabets we can form n * n * n = n3 distinct 3 digit initials.

 

Note distinct initials is different from initials where the digits are different.

 

For instance, AAA and BBB are acceptable combinations in the case of distinct initials while they are not permitted when the digits of the initials need to be different.

 

This n3 different initials = 1 million 

i.e. n3=106  (1 million = 106)

  => n = 102 = 100

 

Hence, the language needs to have a minimum of 100 alphabets to achieve the objective.

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Q:

When four fair dice are rolled simultaneously, in how many outcomes will at least one of the dice show 3?

A) 620 B) 671
C) 625 D) 567
 
Answer & Explanation Answer: B) 671

Explanation:

When 4 dice are rolled simultaneously, there will be a total of 6 x 6 x 6 x 6 = 1296 outcomes.

 

The number of outcomes in which none of the 4 dice show 3 will be 5 x 5 x 5 x 5 = 625 outcomes.

 

Therefore, the number of outcomes in which at least one die will show 3 = 1296 – 625 = 671

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Q:

Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?

A) 1548 B) 1348
C) 1648 D) 1748
 
Answer & Explanation Answer: C) 1648

Explanation:

FV1 = Future value of $2000, 1 year later
= PV (1+  i)^n

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Exam Prep: Bank Exams
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