Exams


Q:

Jason decides to borrow money for a holiday. If a personal loan is taken over 4 years with equal quarterly repayments at 12% p.a. flat rate (simple interest), calculate the effective rate of interest.

A) 22,588 B) 32.588
C) 42.588 D) 43.588
 
Answer & Explanation Answer: A) 22,588

Explanation:

Flat rate = 12%
n = 4 × 4
= 16

Effective rate =2n/(n+1) × flat rate

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Filed Under: Simple Interest
Exam Prep: Bank Exams
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Q:

What time will it be in 8 hours?

Answer

For exampe if it is 12:45 AM, then after 8 hours the time is 


12 hrs 45 min + 8 hrs = 8 : 45 PM in the night on the same day. 

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Subject: Clocks Exam Prep: AIEEE , Bank Exams , CAT
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14 4495
Q:

A batsman scored 180 runs which included 11 boundaries and 8 sixes. What percent of his total score did he make by running between the wickets ?

A) 62.45% B) 51.42%
C) 48.88% D) 47.32%
 
Answer & Explanation Answer: C) 48.88%

Explanation:

Number of runs made by running = 180 - (11 x 4 + 8 x 6)
= 180 - (92)
= 88
Now, we need to calculate 88 is what percent of 180.
88180×100  = 48.888%.

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Filed Under: Percentage
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5 4494
Q:

A person who builds houses

A) Architect B) Builder
C) Bricklayer D) Contractor
 
Answer & Explanation Answer: B) Builder

Explanation:

A person who builds houses or buildings is known as builder.

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Filed Under: English
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1 4492
Q:

Of three positive numbers, the ratio of the first and second numbers is 3:4 & that of the second and third numbers is 5:6. The product of the second and third numbers is 4320. What is the sum of three numbers?

A) 167 B) 177
C) 187 D) 197
 
Answer & Explanation Answer: B) 177

Explanation:

Let the second & third numbers are 2x & 3x respectively.
ATQ,
5x*6x = 4320
30*x*x = 4320
x*x = 144
x=12
Hence, second number = 5x = 5*12 = 60
Third number = 6x = 6*12 = 72
Ratio of first & second number = ¾
Hence, first number = ( ¾)*60 = 45
Sum of these 3 numbers = 60+72+45 = 177

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

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Q:

Two boxes contain 4 and 16 balls respectively. Two balls in the first box and four in the second, are black. If a box is chosen randomly and two balls are drawn at random from it, what is the
probability that at least one ball is black if the ball is not replaced?

A) 11/20 B) 43/120
C) 77/120 D) 9/20
 
Answer & Explanation Answer: C) 77/120

Explanation:

At least one black can be chosen in two ways from each box:
Now, probability of choosing at least one black ball from first box 

= 1/2 × [ (2C1× 2C1)/4C2 + 2C2/ 4C2 ]= 5/12

Probability of choosing at least one black ball from 2nd box
= 1/2 × [(4C1×12C1)/16C2 + 4C2/ 16C2] = 9/40

Final probability

= 5/12 + 9/40 = (50 + 27)/120 = 77/120

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4 4491
Q:

What was the topic of the book 'The Other America'?

A) Poverty was widespread in America. B) Education was lacking in America.
C) Racism was widespread in America. D) Americans needed more highways.
 
Answer & Explanation Answer: A) Poverty was widespread in America.

Explanation:

The book "The Other America" was written by Michael Harrington. The topic of the book 'The Other America' was Poverty was widespread in America.

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Filed Under: Books and Authors
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3 4490
Q:

Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

A) 1126.19 B) 1237
C) 2863 D) 1892
 
Answer & Explanation Answer: A) 1126.19

Explanation:

M=P(1+i)^n

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Filed Under: Compound Interest
Exam Prep: Bank Exams
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0 4489