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Q:

If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3 years at the same rate?

A) 7.81 B) 2.87
C) 2.36 D) 3.38
 
Answer & Explanation Answer: C) 2.36

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

If a boat goes upstream at a speed of 18 km/hr and comes back the same distance at 30 km/hr. What is the average speed (in km/hr) for the total journey?

A) 22.5 B) 24
C) 20.5 D) 25
 
Answer & Explanation Answer: A) 22.5

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Filed Under: Boats and Streams
Exam Prep: Bank Exams

Q:

A used car dealer sells a car for Rs 7.6 lakhs and makes some loss. If he had sold it for Rs 9.2 lakhs his profit would have been thrice his loss. What was the cost price of the car (in Rs lakhs)?

A) 8.5 B) 8.75
C) 8.25 D) 8
 
Answer & Explanation Answer: D) 8

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A wholesaler sells a watch to a retailer at a profit of 8% and the retailer sells it to a customer at a profit of 12%. If the customer pays Rs. 8,448 what had it cost (approximately) to the wholesaler (in Rs)?

A) 6984 B) 6082
C) 7120 D) 7022
 
Answer & Explanation Answer: A) 6984

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

Rita buys 5 sarees at an average cost of Rs 2250. If she buys three more sarees at an average cost of Rs 2750, what will be the average (in Rs) of all the sarees she buys?

A) 2437.5 B) 2500
C) 2450 D) 2332.5
 
Answer & Explanation Answer: A) 2437.5

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Filed Under: Average
Exam Prep: Bank Exams

Q:

The average weight of P, Q and R is 71 kg. If the average weight of P and Q be 66 kg and that of Q and R be 76.5 kg, then the weight (in kg) of Q is.

A) 60 B) 72
C) 81 D) 75
 
Answer & Explanation Answer: B) 72

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Filed Under: Average
Exam Prep: Bank Exams

Q:

If Rs 7,800 is to be divided between A, B and C in the ratio 1/2 : 1/3 : 1/4, then how much share will B get (in Rs)?

A) 3600 B) 1800
C) 2400 D) 1200
 
Answer & Explanation Answer: C) 2400

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

Q:

Priya's marks in History and Geography are in the ratio 5 : 7. If she got 14 marks more in Geography than in History, what are her History marks?

A) 49 B) 42
C) 56 D) 35
 
Answer & Explanation Answer: D) 35

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams