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Q:

If a certain sum of money doubles itself in 7 years 8 months at simple interest, then what will be the yearly rate of interest (in %)?

A) 18 3/4 B) 13 1/23
C) 26 2/23 D) 30
 
Answer & Explanation Answer: B) 13 1/23

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Filed Under: Simple Interest
Exam Prep: Bank Exams

Q:

A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss ?

A) 18.41 B) 22.14
C) 20.25 D) 24.36
 
Answer & Explanation Answer: A) 18.41

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

If A : B = 1 : 4 and B : C = 2 : 3, then what is A : B : C?

A) 1 : 4 : 6 B) 2 : 8 : 7
C) 2 : 8 : 5 D) 1 : 4 : 5
 
Answer & Explanation Answer: A) 1 : 4 : 6

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

Q:

If x/y = 2/3, then what is the ratio of (3x + 2y) and (3x – y)?

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

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

Q:

If the rice is sold at Rs 56 per kg, there would be a 40% loss. To earn a profit of 20% what should be the price of rice (per kg)?

A) 112 B) 108
C) 116 D) 124
 
Answer & Explanation Answer: A) 112

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Filed Under: Profit and Loss
Exam Prep: Bank Exams

Q:

If the profit is 20%, then what will be the ratio of cost price to selling price respectively?

A) 4 : 5 B) 5 : 6
C) 2 : 5 D) 3 : 4
 
Answer & Explanation Answer: B) 5 : 6

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Filed Under: Profit and Loss

Q:

In a school 60% of the students are girls. If number of boys is 480, then what is the total number of students in the school?

A) 1200 B) 840
C) 96 D) 1320
 
Answer & Explanation Answer: A) 1200

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Filed Under: Percentage
Exam Prep: Bank Exams

Q:

If one-third of a number is 45, then what will be the 45% of that number?

A) 60.75 B) 58.25
C) 61.25 D) 70.75
 
Answer & Explanation Answer: A) 60.75

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Filed Under: Percentage
Exam Prep: Bank Exams