Searching for "V"

Q:

A and B take part in 100 m race. A runs at 5 kmph. A gives B a start of 8 m and still beats him by 8 seconds. The speed of B is:

A) 5.15 kmph B) 4.14 kmph
C) 4.25 kmph D) 4.4 kmph
 
Answer & Explanation Answer: B) 4.14 kmph

Explanation:

A's speed = (5*5/15)m/sec  = (25/18)m/sec

 

Time taken by A to cover 100 m = (100*18/15)sec = 72sec

 

 Time taken by B to cover 92 m = (72 + 8) = 80 sec.

 

 B's speed =(92/80*18/5)kmph =4.14kmph

Report Error

View Answer Report Error Discuss

Filed Under: Races and Games

Q:

Two dice are thrown simultaneously. What is the probability of getting two numbers whose product is even?

A) 3/4 B) 3/8
C) 5/16 D) 2/7
 
Answer & Explanation Answer: A) 3/4

Explanation:

In a simultaneous throw of two dice, we have n(S) = (6 x 6) = 36.

Then, E= {(1, 2), (1, 4), (1, 6), (2, 1), (2, 2), (2, 3), (2, 4), (2, 5), (2, 6), (3, 2), (3,4),(3, 6), (4, 1), (4, 2), (4, 3), (4, 4), (4, 5), (4, 6), (5, 2), (5, 4), (5, 6), (6, 1),6, 2), (6, 3), (6, 4), (6, 5), (6, 6)}

n(E) = 27.

P(E) = n(E)/n(S) = 27/36 = 3/4.

Report Error

View Answer Report Error Discuss

Filed Under: Probability

Q:

A sum was put at simple interest at a certain rate for 10 years . Had it been put at 5% higher rate , it would have fetched Rs.600 more. What was the Sum?

A) Rs.1200 B) Rs.1300
C) Rs.1400 D) Rs.1500
 
Answer & Explanation Answer: A) Rs.1200

Explanation:

At 5% more rate, the increase in S.I for 10 years = Rs.600  (given)

So, at 5% more rate, the increase in SI for 1 year = 600/10 = Rs.60/-

i.e. Rs.60 is 5% of the invested sum

So, 1% of the invested sum = 60/5

Therefore, the invested sum = 60 × 100/5 = Rs.1200

Report Error

View Answer Report Error Discuss

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

Q:

A sum of Rs.1550 was lent partly at 8% p.a. simple interest. The total interest received after 3 years was Rs.300. The ratio of the money lent at 5% to that lent at 8% is :

A) 5:8 B) 6:7
C) 16:15 D) 17:18
 
Answer & Explanation Answer: C) 16:15

Explanation:

let the sum lent at 5% be Rs.x and that lent at 8% be Rs.(1550-x). then, 

 

Interest on x at 5% for 3 years + interest on (1550-x) at 8% for 3 years = 300

 

 x*5*3100+1500-x*8*3100=300 

 

 x=800

 

Required ratio =  x : (1550-x) = 800 : (1550-800) = 800 : 750 = 16 : 15

Report Error

View Answer Report Error Discuss

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

Q:

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A) 5.65% B) 5.75%
C) 5.85% D) 5.95%
 
Answer & Explanation Answer: A) 5.65%

Explanation:

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

Report Error

View Answer Report Error Discuss

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

Q:

Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?

A) Rs.2543 B) Rs.2534
C) Rs.2546 D) Rs.2750
 
Answer & Explanation Answer: D) Rs.2750

Explanation:

 

Shawn received an extra amount of (Rs.605 – Rs.550) Rs.55 on his compound interest paying bond as the interest that he received in the first year also earned interest in the second year.

 

The extra interest earned on the compound interest bond = Rs.55

 

The interest for the first year =550/2 = Rs.275

 

Therefore, the rate of interest =55275*100= 20% p.a.

 

20% interest means that Shawn received 20% of the amount he invested in the bonds as interest.

 

If 20% of his investment in one of the bonds = Rs.275, then his total investment in each of the  bonds =27520*100 = 1375. 

As he invested equal sums in both the bonds, his total savings before investing = 2 x 1375 =Rs.2750.

Report Error

View Answer Report Error Discuss

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

Q:

Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam.

A) 3567 B) 3452
C) 3087 D) 3544
 
Answer & Explanation Answer: C) 3087

Explanation:

Shyam's share * (1+0.05)9 = Ram's share * (1 + 0.05)11

Shyam's share / Ram's share = (1 + 0.05)11 / (1+ 0.05)9 = (1+ 0.05)2 = 441/400

Therefore Shyam's share = (441/841) * 5887 = 3087

Report Error

View Answer Report Error Discuss

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

Q:

The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?

A) 8560 B) 8673
C) 8746 D) 8780.80
 
Answer & Explanation Answer: D) 8780.80

Explanation:

when interest is reckoned using compound interest, interest being compounded annually. The difference in the simple interest and compound interest for two years is on account of the interest paid on the first year's interest  Hence 12% of simple interest = 90 => simple interest =90/0.12 =750.

As the simple interest for a year = 750 @ 12% p.a., the principal =750/0.12 = Rs.6250.

If the principal is 6250, then the amount outstanding at the end of 3 years = 6250 + 3(simple interest on 6250) + 3 (interest on simple interest) + 1 (interest on interest on interest) = 6250 +3(750) + 3(90) + 1(10.80) = 8780.80.

Report Error

View Answer Report Error Discuss

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