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Q:

Golf player Vijay Singh belongs to which country?

A) USA B) Fiji
C) India D) UK
 
Answer & Explanation Answer: B) Fiji

Explanation:

Golf player Vijay Singh is an Indo-Fijian belongs to Fiji. He was born in 1963, who was number 1 in the Official World Golf Ranking for 32 weeks in 2004 and 2005.

Golf_player_Vijay_Singh_belongs_to_which_country1542256229.jpg image

 

He was nicknamed as "The Big Fijian", has won three major Golf Championships. He has started his profession career from 1984.

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Filed Under: General Awareness
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

Q:

Some boys are men. No man is black

Conclusions:

1. Some boys are not black

2. Some men are boys

A) Only 1 follows B) Only 2 follows
C) Either 1 or 2 follows D) Neither 1 nor 2 follows
 
Answer & Explanation Answer: A) Only 1 follows

Explanation:

Since one premise is negative , the conclusion must be negative. so 2 does not follow and only 1 follows

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Filed Under: Statement and Conclusions
Exam Prep: GRE

Q:

Determine the nominal rate of interest if:
The periodic rate is 1.75% per quarter.

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

Explanation:

j=mi

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

Q:

Three unbiased coins are tossed.What is the probability of getting at least 2 heads?

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

Explanation:

Here S= {TTT, TTH, THT, HTT, THH, HTH, HHT, HHH}.

Let E = event of getting at least two heads = {THH, HTH, HHT, HHH}.

P(E) = n(E) / n(S)

      = 4/8= 1/2

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Filed Under: Probability

Q:

The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs.490. At what price should the article be sold to make 25% profit?

A) 715 B) 469
C) 400 D) 750
 
Answer & Explanation Answer: D) 750

Explanation:

Let C.P be Rs. x 

900 - x = 2(x - 450)     => x = Rs.600   

 

C.P = 600 gain required is 25% 

S.P = [(100+25) x 600] / 100 = Rs.750

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Filed Under: True Discount

Q:

A loan is made for $4800 with an APR of 12% and payments made monthly for 24 months. What is the payment amount? What is the finance charge?

A) 622.80 B) 522.80
C) 322.80 D) 632.80
 
Answer & Explanation Answer: A) 622.80

Explanation:

{\color{Blue} A=R\left [(1+i)^{n-1} \right ]/i ( 1+i )^{n}}

 

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

Q:

Find the finance charge for an average daily balance of $8431.10 with monthly interest rate of 1.4%

A) 98.04 B) 88.04
C) 68.04 D) 118.04
 
Answer & Explanation Answer: D) 118.04

Explanation:

0.014*8431.10

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

Q:

A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually. Find

(a) the present value to fund the end-of-period retirement benefit.

(b) the end-of-period semi-annual payment needed to accumulate  the value in part (a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually

A) 245678 B) 234689
C) 281468.06 D) 234578
 
Answer & Explanation Answer: C) 281468.06

Explanation:

 

 

 

 

 

 

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

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