With Search

Q:

A box contains 100 balls, numbered from 1 to 100. If three balls are selected at random and with replacement from the box, what is the probability that the sum of the three numbers on the balls selected from the box will be odd?

A) 1/6	B) 1/3
C) 1/2	D) 1/4

Answer & Explanation Answer: C) 1/2

Explanation:

P(odd) = P (even) = $\frac{1}{2}$ 1(because there are 50 odd and 50 even numbers)

Sum or the three numbers can be odd only under the following 4 scenarios:

Odd + Odd + Odd = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Odd + Even + Even = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Even + Odd + Even = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Even + Even + Odd = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Other combinations of odd and even will give even numbers.

Adding up the 4 scenarios above:

= $\frac{1}{8}$ + $\frac{1}{8}$ + $\frac{1}{8}$ + $\frac{1}{8}$ = $\frac{4}{8}$ = $\frac{1}{2}$

Report Error

View Answer Report Error Discuss

Filed Under: Probability

Q:

A bag contains 12 white and 18 black balls. Two balls are drawn in succession without replacement. What is the probability that first is white and second is black?

A) 6/145	B) 36/145
C) 18/95	D) 12/145

Answer & Explanation Answer: B) 36/145

Explanation:

The probability that first ball is white:
=C112C130=1230=25

Since, the ball is not replaced; hence the number of balls left in bag is 29.
Hence the probability the second ball is black:
=C118C129=1829

Required probability =(25)×(1829)

=36/145

Report Error

View Answer Report Error Discuss

Filed Under: Quantitative Aptitude - Arithmetic Ability

Q:

Three houses are available in a locality. Three persons apply for the houses. Each applies for one house without consulting others. The probability that all the three apply for the same house is :

A) 2/9	B) 1/9
C) 8/9	D) 7/9

Answer & Explanation Answer: B) 1/9

Explanation:

One person can select one house out of 3= $3 C_{1}$ ways =3.

Hence, three persons can select one house out of 3 in 3 x 3 x 3 =9.

Therefore, probability that all thre apply for the same house is 1/9

Report Error

View Answer Report Error Discuss

Filed Under: Probability

Q:

Given a principal of $12,000 with a compound amount of $17,631.94 and interest rate of 8% compounded anually,what is the time peroid in years?

A) 3years	B) 4years
C) 5years	D) 6years

Answer & Explanation Answer: C) 5years

Explanation:

M=P(1+i)^n

Report Error

View Answer Report Error Discuss

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

Q:

Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest

A) 5678	B) 4563
C) 4329	D) 6210.73

Answer & Explanation Answer: D) 6210.73

Explanation:

Bob receives 15-3 = 12 months of 3.5 % interest compounded daily

M=P(1+i/365)^365n

Report Error

View Answer Report Error Discuss

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

Q:

What is the probability that a couple with four children have atleast one girl?

A) 0.0625	B) 0.9375
C) 0.5	D) 0.0257

Answer & Explanation Answer: B) 0.9375

Explanation:

Here,n = 4(children)

P(girl)= 0.5

P(of atleast one girl)= 1 - P(no girls)

= 1 - 0.0625 = 0.9375

Report Error

View Answer Report Error Discuss

Filed Under: Probability

Q:

A merchant receives an invoice for a motor boat for $20 000 with terms 4/30, n/100. What is the highest simple interest rate at which he can afford to borrow money in order to take advantage of the discount?

A) 247.67	B) 237.67
C) 227.67	D) 215.67

Answer & Explanation Answer: A) 247.67

Explanation:

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

r=I/pt=21.73%

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

savings would be $20 000 − $19 752.33 = $247.67

Report Error

View Answer Report Error Discuss

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

Q:

A loan shark made a loan of $100 to be repaid with $120 at the end of one month. What was the annual interest rate?

A) 210%	B) 220%
C) 230%	D) 240%

Searching for "With"

Quick Links