% Search

Q:

Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly

A) 2422	B) 2522
C) 2622	D) 2722

Answer & Explanation Answer: B) 2522

Explanation:

Principal = Rs. 16000; Time = 9 months =3 quarters;
Rate = 20% per annum = 5% per quarter.
Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

CJ. = Rs. (18522 - 16000) = Rs. 2522

Report Error

View Answer Report Error Discuss

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

Q:

Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly.

A) 524.32	B) 624.32
C) 724.32	D) 824.32

Answer & Explanation Answer: D) 824.32

Explanation:

Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.
Amount == Rs. 10824.32.

$R s . [10000 * {(1 + \frac{2}{100})}^{4}] = R s . [10000 * \frac{51}{50} * \frac{51}{50} * \frac{51}{50} * \frac{51}{50}]$

$\therefore$ C.I. = Rs. (10824.32 - 10000) = Rs. 824.32.

Report Error

View Answer Report Error Discuss

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

Q:

Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually

A) 2109	B) 3109
C) 4109	D) 6109

Answer & Explanation Answer: B) 3109

Explanation:

Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.
Amount = Rs'. [8000 X (1+(15/100))^2 X (1+((1/3)*15)/100)]
=Rs. [8000 * (23/20) * (23/20) * (21/20)]
= Rs. 11109. .
:. C.I. = Rs. (11109 - 8000) = Rs. 3109.

Report Error

View Answer Report Error Discuss

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

Q:

Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

A) 612	B) 712
C) 812	D) 912

Answer & Explanation Answer: A) 612

Explanation:

Amount = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs. 8112.
therefore, C.I. = Rs. (8112 - 7500) = Rs. 612.

Report Error

View Answer Report Error Discuss

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

Q:

Some envelops are gums. Some gums are seals. Some seals are adhesives.

Conclusions:

1. Some envelops are seals

2. Some gums are adhesives

3. Some adhesives are seals

4. Some adhesives are gums

A) Only 3	B) Only 1
C) Only 2	D) Only 4

Answer & Explanation Answer: A) Only 3

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Statement and Conclusions
Exam Prep: GRE

Q:

Golf player Vijay Singh belongs to which country?

A) USA	B) Fiji
C) India	D) UK

Answer & Explanation Answer: B) Fiji

Explanation:

Golf player Vijay Singh is an Indo-Fijian belongs to Fiji. He was born in 1963, who was number 1 in the Official World Golf Ranking for 32 weeks in 2004 and 2005.

Golf_player_Vijay_Singh_belongs_to_which_country1542256229.jpg image

He was nicknamed as "The Big Fijian", has won three major Golf Championships. He has started his profession career from 1984.

Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

Q:

The true discount on Rs.1600 due to after a certain of 5% per annum is Rs.160. The time after which it is due is

A) 27months	B) 23months
C) 20months	D) 12months

Answer & Explanation Answer: A) 27months

Explanation:

P.W. = Rs. (1600 - 160) = Rs. 1440
∴ S.I. on Rs.1440 at 5% is Rs. 160.
∴ Time = [100 * 160 / 1440 * 5] = 20/9 years = [20/9 * 12] months = 27 months.

Report Error

View Answer Report Error Discuss

Filed Under: True Discount

Q:

Some boys are men. No man is black

Conclusions:

1. Some boys are not black

2. Some men are boys

A) Only 1 follows	B) Only 2 follows
C) Either 1 or 2 follows	D) Neither 1 nor 2 follows

Answer & Explanation Answer: A) Only 1 follows

Explanation:

Since one premise is negative , the conclusion must be negative. so 2 does not follow and only 1 follows

Report Error

View Answer Report Error Discuss

Filed Under: Statement and Conclusions
Exam Prep: GRE

Searching for "%"

Quick Links