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Q:

A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year

A) Rs.5624.32 B) Rs.5423
C) Rs.5634 D) Rs.5976
 
Answer & Explanation Answer: A) Rs.5624.32

Explanation:

 

 

 

5% is the rate of interest. 20% of the interest amount is paid as tax.

 

i.e  80% of the interest amount stays back.

 

 if we compute the rate of interest as 80% of 5% = 4% p.a., we will get the same value.

  

The interest accrued for 3 years in compound interest = 3 x simple interest on principal + 3 x interest on simple interest + 1 x interest on interest on interest.

 

= 3 x (200) + 3 x (8) + 1 x 0.32 =600 + 24 + 0.32 = 624.32

 

 

 

The amount at the end of 3 years = 5000 + 624.32 = 5624.32

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

26 24012
Q:

Arrange the given words in the sequence in which they occur in the dictionary.

i. Terrace
ii. Tenant
iii. Tea
iv. Tomorrow

 

A) iii, ii, i, iv B) i, ii, iii, iv
C) iv,i, ii, iii D) i, iii, ii, iv
 
Answer & Explanation Answer: A) iii, ii, i, iv

Explanation:
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Filed Under: Alphabet Test
Exam Prep: Bank Exams

2 24012
Q:

Find the total surface area (in cm2) of a hemisphere of diameter 21 cm.

 

A) 1039.5   B) 844.5  
C) 637   D) 472
 
Answer & Explanation Answer: A) 1039.5  

Explanation:
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Filed Under: Volume and Surface Area
Exam Prep: Bank Exams

2 23984
Q:

Who succeeded Ghulam Nabi Azad as the Leader of Opposition in Rajya Sabha?

 

 

A) Anand Sharma B) Jairam Ramesh
C) Mallikarjun Kharge D) A K Antony
 
Answer & Explanation Answer: C) Mallikarjun Kharge

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

2 23961
Q:

The following equation is incorrect. Which two signs should be interchanged to correct the equation?

 

26 - 2 x 30 ÷ 6 + 16 = 20

 

A) ÷ and x   B) - and +
C) x and - D) ÷ and -
 
Answer & Explanation Answer: B) - and +

Explanation:
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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

2 23937
Q:

Aizaz was born on 5th January 2015, while Faiz was born 553days later. On which date was Faiz born?

 

A) 11th July 2016 B) 10th July 2016
C) 9th July 2016 D) 12th July 2016
 
Answer & Explanation Answer: A) 11th July 2016

Explanation:
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Filed Under: Calendar
Exam Prep: Bank Exams

31 23935
Q:

Profit after tax for any year = profit of that year - tax of that year

Tax on any year = tax rate of that year x profit of the year

 

How many distinct values of yearly profit are there?

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

Explanation:
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Filed Under: Table Charts
Exam Prep: Bank Exams

1 23931
Q:

Can you spot the missing number?

number_puzzle11531377158.jpg image

A) 3 B) 6
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

The given number puzzle can be soved in two ways.

Logic 1 ::

Row 1  - 2 x 3 = 6 , 6 x 3 = 18

Row 2  - 4 x 5 = 20 , 20 x 5 = 100

Row 3  - 3 x 7 = 21 , 21 x 7 = 147

 

Hence, the missing number could be 3.

 

Logic 2 ::

Row 1 - 6 x (2+1) = 18

Row 2 - 20 x (4+1) = 100

Row 3 - 21 x (6+1) = 147

 

Hence, the missing number could be 6.

 

Therefore, 3 or 6 is the right answer.

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Filed Under: Number Puzzles
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