he Search

Q:

In a box, there are 8 red, 7 blue and 6 green balls. One ball is picked up randomly. What is the probability that it is neither red nor green?

A) 1/3	B) 3/5
C) 8/21	D) 7/21

Answer & Explanation Answer: A) 1/3

Explanation:

Total number of balls = (8 + 7 + 6) = 21.

Let E = event that the ball drawn is neither red nor green

= event that the ball drawn is blue.

n(E) = 7.

P(E) = n(E)/n(S) = 7/21 = 1/3.

Report Error

View Answer Report Error Discuss

Filed Under: Probability

Q:

A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interst. The rate per annum

A) 5%	B) 5.5%
C) 6%	D) 6.5%

Answer & Explanation Answer: B) 5.5%

Explanation:

sum = x. amount =7x/6.

S.I. =(7x/6 – x) = x/6 ; time = 3 years

Rate =[ (100 * x) / (x * 6 * 3)]% = 5.5%

Report Error

View Answer Report Error Discuss

Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

Tickets numbered 1 to 20 are mixed up and then a ticket is drawn at random. What is the probability that the ticket drawn has a number which is a multiple of 3 or 5?

A) 1/2	B) 3/5
C) 9/20	D) 8/15

Answer & Explanation Answer: C) 9/20

Explanation:

Here, S = {1, 2, 3, 4, ...., 19, 20}.

Let E = event of getting a multiple of 3 or 5 = {3, 6 , 9, 12, 15, 18, 5, 10, 20}.

P(E) = n(E)/n(S) = 9/20.

Report Error

View Answer Report Error Discuss

Filed Under: Probability

Q:

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is?

A) 12%	B) 13%
C) 15%	D) 14%

Answer & Explanation Answer: C) 15%

Explanation:

P.W = 2562-122 =Rs.2440

Rate = [100 x 122] / [2440 x (1/3)] =15%

Report Error

View Answer Report Error Discuss

Filed Under: True Discount

Q:

What is the compound interest earned at the end of 3 years?

I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500.

II.The rate of interest is 10 p.c.p.a.

III.Compound interest for 3 years is more than the simple interest for that period by Rs.465.

A) I and II only	B) II and III only
C) I and III only	D) Either II or III only

Answer & Explanation Answer: D) Either II or III only

Explanation:

I. gives, S.I for 3 years = Rs. 4500.

II. gives, Rate = 10% p.a.

III. gives, (C.I.) - (S.I.) = Rs. 465.

Clearly, using I and III we get C.I. = Rs. (465 + 4500).

Thus, II is redundant.

Also, from I and II, we get sum =

100 x 4500

= 15000.

10 x 3

Now C.I. on Rs. 15000 at 10% p.a. for 3 years may be obtained.

Thus, III is redundant.

Either II or III is redundant.

Report Error

View Answer Report Error Discuss

Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?

I. The rate of interest is 5 p.c.p.a.

II. Simple interest fetched on the same amount in one year is Rs. 600.

III. The amount borrowed is 10 times the simple interest in 2 years.

A) I only	B) III only
C) I or II only	D) .II and Either I or III only

Answer & Explanation Answer: D) .II and Either I or III only

Explanation:

I. gives, Rate = 5% p.a.

II. gives, S.I. for 1 year = Rs. 600.

III. gives, sum = 10 x (S.I. for 2 years).

Now I, and II give the sum.

For this sum, C.I. and hence amount can be obtained.

Thus, III is redundant.

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

Thus, Rate =

100 x 1200

= 5% p.a.

2 x 12000

Thus, C.I. for 2 years and therefore, amount can be obtained.

Thus, I is redundant.

Hence, I or III redundant.

Report Error

View Answer Report Error Discuss

Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to
be repaid if he is repaying the entire amount at the end of 2 years?
I. The rate of interest is 5 p.c.p.a.
II. Simple interest fetched on the same amount in one year is Rs. 600.
III. The amount borrowed is 10 times the simple interest in 2 years.

A) .I only	B) III only
C) I or II	D) II and Either I or III only

Answer & Explanation Answer: D) II and Either I or III only

Explanation:

I. gives, Rate = 5% p.a.

II. gives, S.I. for 1 year = Rs. 600.

III. gives, sum = 10 x (S.I. for 2 years).

Now I, and II give the sum.

For this sum, C.I. and hence amount can be obtained.

Thus, III is redundant.

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

Thus,Rate = $\frac{100 * 1200}{2 * 12000}$ =5%

Thus, C.I. for 2 years and therefore, amount can be obtained.

Thus, I is redundant.

Hence, I or III redundan

Report Error

View Answer Report Error Discuss

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

Q:

What is the rate of interest p.c.p.a.?

I. An amount doubles itself in 5 years on simple interest.

II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.

III. Simple interest earned per annum is Rs. 2000

A) I only	B) II and III only
C) All I, II and III	D) I only or II and III only

Answer & Explanation Answer: D) I only or II and III only

Explanation:

$I . \frac{P * R * 5}{100} = P \Leftrightarrow R = 20$

$I I . P {(1 + \frac{R}{100})}^{2} - P - \frac{P * R * 2}{100} = 400 = > p R^{2} = 4000000$

$I I I . \frac{P * R * 1}{100} = 2000 = > P R = 200000$

$\frac{P R^{2}}{P R} = \frac{4000000}{200000} \Leftrightarrow R = 20$

Thus I only or (II and III) give answer.

Correct answer is (D)

Report Error

View Answer Report Error Discuss

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

Searching for "he"

Quick Links