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Q:

A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

A) 0% B) 5%
C) 7.5% D) 10%
 
Answer & Explanation Answer: A) 0%

Explanation:

C.P = Rs.3000 

S.P =Rs. [3600 x 10] / [100+(10 x 2)] = Rs.3000 

Gain =0%

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Filed Under: True Discount

Q:

 I. A. B, C. D, E and F are six members of a family. 

 II. One couple has parents and their children in the family. 

 III. A is the son of C and E is the daughter of A. 

 IV. D is the daughter of F who is the mother of E. 

 Which of the following pairs is the parents of the couple ? 

A) AB B) BC
C) AF D) CF
 
Answer & Explanation Answer: B) BC

Explanation:

E is the daughter of A and F is the mother of E So, A is the father of E and hence the husband of F. Now,

D is the daughter of F So. D and E are the daughters of A and F Also. A is the son of C. 

Now, only B remains Thus. B and C are the parents of A. 

Clearly. B and C are the parents of the couple 

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Filed Under: Blood Relations

Q:

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

A) 146694.12 B) 13452
C) 18232 D) 15627
 
Answer & Explanation Answer: A) 146694.12

Explanation:

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

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

Q:

Derrick's dad bought new tires for $900 using a credit card. His card has an interest rate of 19%. If he has no other charges on his card and does not pay off his balance at the end of the month, how much money will he owe after one month?

A) 11.25 B) 13.25
C) 14.25 D) 15.25
 
Answer & Explanation Answer: C) 14.25

Explanation:

I=prt

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

Q:

What has triggered the need for multitasking in PCs?

Answer

1. Increased speed and memory capacity of microprocessors together with the support for virtual memory and


2. Growth of client server computing

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Subject: Operating Systems

Q:

Car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a.   What is the total cost of the car?

A) 30.240 B) 31.240
C) 33.240 D) 32,240
 
Answer & Explanation Answer: D) 32,240

Explanation:

Total cost = deposit + instalment amount × number of instalments

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

Q:

A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a.  What is the monthly instalment?

A) $503 B) $504
C) $505 D) %506
 
Answer & Explanation Answer: B) $504

Explanation:

Cash price = $21 000

Deposit = 10% × $21 000 = $2100 

Loan amount = $21000 − $2100 = $18900

I=p x r x t/100 

I=11340

Total amount = 18900 + 11340 = $30240

Regular payment = total amount /number of payments

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

Q:

A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments

A) $53 B) $42
C) $62 D) $82
 
Answer & Explanation Answer: D) $82

Explanation:

Total repayment amount = $1600 + $368
= $1968
= $82

regular payment= total amount/number of repayments

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