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Q:

Three unbiased coins are tossed. What is the probability of getting at most two heads?

A) 3/4 B) 7/8
C) 1/2 D) 1/4
 
Answer & Explanation Answer: B) 7/8

Explanation:

Here S = {TTT, TTH, THT, HTT, THH, HTH, HHT, HHH}

Let E = event of getting at most two heads.

Then E = {TTT, TTH, THT, HTT, THH, HTH, HHT}.

P(E) =n(E)/n(S)=7/8.

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Q:

What would be the least number of years in which the simple interest on Rs.2600 at % will be an exact number of rupees ?

A) 2 B) 3
C) 4 D) 5
 
Answer & Explanation Answer: B) 3

Explanation:

 S.I=Rs.2600*203*1100*t

 S.I=Rs.5203*t

 t=3

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

Q:

What is the probability of getting a sum 9 from two throws of a dice?

A) 1/2 B) 3/4
C) 1/9 D) 2/9
 
Answer & Explanation Answer: C) 1/9

Explanation:

In two throws of a die, n(S) = (6 x 6) = 36.

Let E = event of getting a sum ={(3, 6), (4, 5), (5, 4), (6, 3)}.

P(E) =n(E)/n(S)=4/36=1/9.

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Q:

A sum was put at simple interest at a certain rate for 10 years . Had it been put at 5% higher rate , it would have fetched Rs.600 more. What was the Sum?

A) Rs.1200 B) Rs.1300
C) Rs.1400 D) Rs.1500
 
Answer & Explanation Answer: A) Rs.1200

Explanation:

At 5% more rate, the increase in S.I for 10 years = Rs.600  (given)

So, at 5% more rate, the increase in SI for 1 year = 600/10 = Rs.60/-

i.e. Rs.60 is 5% of the invested sum

So, 1% of the invested sum = 60/5

Therefore, the invested sum = 60 × 100/5 = Rs.1200

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

Q:

A bag contains 2 red, 3 green and 2 blue balls. Two balls are drawn at random. What is the probability that none of the balls drawn is blue?

A) 10/21 B) 11/21
C) 1/2 D) 2/7
 
Answer & Explanation Answer: A) 10/21

Explanation:

Total number of balls = (2 + 3 + 2) = 7.

 

Let S be the sample space.

 

Then, n(S) = Number of ways of drawing 2 balls out of 7 =7C2 = 21

 

Let E = Event of drawing 2 balls, none of which is blue.

 

n(E) = Number of ways of drawing 2 balls out of (2 + 3) balls =5C2 = 10

 

Therefore, P(E) = n(E)/n(S) = 10/ 21.

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Q:

A sum of Rs.1550 was lent partly at 8% p.a. simple interest. The total interest received after 3 years was Rs.300. The ratio of the money lent at 5% to that lent at 8% is :

A) 5:8 B) 6:7
C) 16:15 D) 17:18
 
Answer & Explanation Answer: C) 16:15

Explanation:

let the sum lent at 5% be Rs.x and that lent at 8% be Rs.(1550-x). then, 

 

Interest on x at 5% for 3 years + interest on (1550-x) at 8% for 3 years = 300

 

 x*5*3100+1500-x*8*3100=300 

 

 x=800

 

Required ratio =  x : (1550-x) = 800 : (1550-800) = 800 : 750 = 16 : 15

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

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.

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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%

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