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Q:

A 12% stock yielding 10% is quoted at:

A) 67 B) 110
C) 112 D) 120
 
Answer & Explanation Answer: D) 120

Explanation:

To earn Rs. 10, money invested = Rs. 100.

 

To earn Rs. 12, money invested =Rs.10010*12 = Rs. 120.

 

Market value of Rs. 100 stock = Rs. 120.

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Filed Under: Stocks and Shares

Q:

A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:

A) 8.5% B) 7.5%
C) 8% D) 9%
 
Answer & Explanation Answer: C) 8%

Explanation:

By investing Rs. 1552, income = Rs. 128.

 

By investing Rs. 97, income =Rs.1281552×97= Rs. 8.

 

Dividend = 8%

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Filed Under: Stocks and Shares

Q:

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

A) 80 B) 96
C) 106 D) 108
 
Answer & Explanation Answer: B) 96

Explanation:

To earn Rs. 135, investment = Rs. 1620.

 

To earn Rs. 8, investment =Rs.1620135×8= Rs. 96.

 

Market value of Rs. 100 stock = Rs. 96.

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Filed Under: Stocks and Shares

Q:

Three dice are thrown together.Find the probability of getting a total of atleast 6.

A) 103/216 B) 103/108
C) 103/36 D) 36/103
 
Answer & Explanation Answer: B) 103/108

Explanation:

Total number of events=6 x 6 x 6=216
Let A be the event of getting a total of atleast 6 and B denoted event of getting a total of less than 6 i.e.,3,4,5.

So,B={(1,1,1),(1,1,2),(1,2,1),(2,1,1),(1,1,3),(1,3,1),(3,1,1),(1,2,2),(2,1,2),(2,2,1)}

Favourable number of cases=10

Therefore,P(B)=10/216

=> P(A) = 1 - P(B)

             = 1 - (10/216) = 103/108

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Filed Under: Probability

Q:

A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:

A) 3:5 B) 2:1
C) 16:15 D) 4:5
 
Answer & Explanation Answer: C) 16:15

Explanation:

For an income of Re. 1 in 9% stock at 96, investment = Rs. 96/9 = Rs.32/3

For an income Re. 1 in 12% stock at 120, investment = Rs. 120/12 = Rs. 10.

Ratio of investments =(32/3) : 10 = 32 : 30 = 16 : 15.

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Filed Under: Stocks and Shares

Q:

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

A) 146694.12 B) 13452
C) 18232 D) 15627
 
Answer & Explanation Answer: A) 146694.12

Explanation:

S=R[(1+i)^n-1]/i

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

Q:

A cistern 6m long and 4 m wide contains water up to a depth of 1 m 25 cm. The total area of the wet surface is:

A) 49 B) 50
C) 53.5 D) 55
 
Answer & Explanation Answer: A) 49

Explanation:

Area of the wet surface = [2(lb + bh + lh) - lb] 

= 2(bh + lh) + lb 

= [2 (4 x 1.25 + 6 x 1.25) + 6 x 4]m2  

= 49m2

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Filed Under: Volume and Surface Area

Q:

Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years?

A) 1557.29 B) 2557.29
C) 2567 D) 2457
 
Answer & Explanation Answer: B) 2557.29

Explanation:

First find the present value of $3800,then compare present values:

 

M  = p(1+i/4)^4n

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