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Q:

How many arrangements of the letters of the word ‘BENGALI’ can be made if the vowels are to occupy only odd places.

A) 720 B) 576
C) 567 D) 625
 
Answer & Explanation Answer: B) 576

Explanation:

There are 7 letters in the word Bengali of these 3 are vowels and 4 consonants.

 

There are 4 odd places and 3 even places. 3 vowels can occupy 4 odd places in 4P3 ways and 4 constants can be arranged in 4P4 ways.

 

Number of words =4P3  x 4P4= 24 x 24 = 576

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Q:

Find the number of subsets of the set {1,2,3,4,5,6,7,8,9,10,11} having 4 elements.

A) 340 B) 370
C) 320 D) 330
 
Answer & Explanation Answer: D) 330

Explanation:

Here the order of choosing the elements doesn’t matter and this is a problem in combinations.

 

We have to find the number of ways of choosing 4 elements of this set which has 11 elements.

 

This can be done in 11C4 ways = 330 ways

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Q:

How many arrangements of the letters of the word ‘BENGALI’ can be made if the vowels are never together.

A) 120 B) 640
C) 720 D) 540
 
Answer & Explanation Answer: C) 720

Explanation:

There are 7 letters in the word ‘Bengali of these 3 are vowels and 4 consonants.

 

Considering vowels a, e, i as one letter, we can arrange 4+1 letters in 5! ways in each of which vowels are together. These 3 vowels can be arranged among themselves in 3! ways.

 

Total number of words = 5! x 3!= 120 x 6 = 720

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Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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

Q:

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A) 8695 B) 7695
C) 3695 D) 4695
 
Answer & Explanation Answer: A) 8695

Explanation:

Given: j = 4%, m=  12, FV = $10,000, Term=  3.5 years
Then n  =m  *Term  12(3.5)  42

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

Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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Filed Under: Compound Interest
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Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 19296 B) 19396
C) 19496 D) 19596
 
Answer & Explanation Answer: A) 19296

Explanation:

The single equivalent payment will be PV + FV.
FV = Future value of $10,000, 12 months later
 $10,000 *(1.0075)/12
 $10,938.07
PV=  Present value of $10,000, 24 months earlier
 $10,000/(1.0075)24
 $8358.31
The equivalent single payment is
$10,938.07 + $8358.31 = $19,296.38

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

Q:

In how many ways can 4 girls and 5 boys be arranged in a row so that all the four girls are together ?

A) 18000 B) 17280
C) 17829 D) 18270
 
Answer & Explanation Answer: B) 17280

Explanation:

Let 4 girls be one unit and now there are 6 units in all.

 

They can be arranged in 6! ways.

 

In each of these arrangements 4 girls can be arranged in 4! ways. 

 

Total number of arrangements in which girls are always together = 6! x 4!= 720 x 24 = 17280

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