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Q:

What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 25,000 at 20% per annum compounded semi-annually and annually?

A) 125 B) 250
C) 500 D) 375
 
Answer & Explanation Answer: B) 250

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

A certain bank offers 8% rate of interest on the 1st year and 9% on the 2nd year in a certain fixed deposit scheme. If Rs 17,658 are received after investing for 2 years in this scheme, then what was the amount (in Rs) invested?

A) 16000 B) 15000
C) 15500 D) 16500
 
Answer & Explanation Answer: B) 15000

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

If the compound interest for the 3rd and 4th year on a certain principal is Rs 125 and Rs 135 respectively, what is the rate of interest (in %)?

A) 9 B) 10
C) 8 D) 12
 
Answer & Explanation Answer: C) 8

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Filed Under: Compound Interest
Exam Prep: Bank Exams

Q:

If a boat goes upstream at a speed of 24 km/hr and comes back the same distance at 40 km/hr. What is the average speed (in km/hr) for the total journey.

A) 32 B) 30
C) 31 D) 33
 
Answer & Explanation Answer: B) 30

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Filed Under: Boats and Streams
Exam Prep: Bank Exams

Q:

A used two-wheeler dealer sells a scooter for Rs 46,000 and makes some loss. If he had sold it for Rs 58,000 his profit would have been double his loss. What was the cost price (in Rs) of the scooter?

A) 52000 B) 54000
C) 48000 D) 50000
 
Answer & Explanation Answer: D) 50000

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

A miner sells a diamond to a trader at a profit of 40% and the trader sells it to a customer at a profit of 25%. If the customer pays Rs 56 lakhs to buy the diamond, what had it cost the miner (in Rs lakhs)?

A) 30 B) 28
C) 25 D) 32
 
Answer & Explanation Answer: D) 32

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

Mahesh buys 3 shirts at an average price of Rs 1250. If he buys 2 more shirts at an average price of Rs 1450 what will be the average price (in Rs) of all the 5 shirts he buys?

A) 1370 B) 1330
C) 1310 D) 1390
 
Answer & Explanation Answer: B) 1330

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Filed Under: Average
Exam Prep: Bank Exams

Q:

The average weight of L, M and N is 93 kg. If the average weight of L and M be 89 kg and that of M and N be 96.5 kg, then the weight (in kg) of M is ________.

A) 92 B) 86
C) 101 D) 95
 
Answer & Explanation Answer: A) 92

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Filed Under: Average
Exam Prep: Bank Exams