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Q:

Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

A) 6 B) 7
C) 9 D) 11
 
Answer & Explanation Answer: A) 6

Explanation:

Let rate = R% and time = R years.

 

Then, (1200 x R x R) / 100 = 432

 

=> R = 6.

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Filed Under: Simple Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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3 4531
Q:

In which year was the Supreme Court of India established?

A) 1951 B) 1949
C) 1950 D) 1947
 
Answer & Explanation Answer: C) 1950

Explanation:

The Supreme Court of India was established in the year 1950.

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

22 4531
Q:

If two line pa + b = 2 and 3a + b = 4 are parallel to each other, then what is the value of p ?

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

Explanation:

Given two lines are parallel

pa+b=2

b=-pa+2..........(1)

3a+b=4

b=-3a+4 ...........(2)

m1 = -p

m2= -3

The condition for the two lines to be parallel is m1=m2

p = 3

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Filed Under: Arithmetical Reasoning
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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11 4530
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
Job Role: Bank PO

1 4530
Q:

World's smallest Computer is unveiled by

A) Infosys B) Intel
C) IBM D) Microsoft
 
Answer & Explanation Answer: C) IBM

Explanation:

IBM has unveiled the world's smallest computer - a device no bigger than a grain of salt. Presented at the company's Think 2018 conference in Las Vegas, Nevada, the unit measures just 1mm by 1mm but has the same processing power as the x86 chip that ran early Nineties IBM desktop computers.

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

2 4528
Q:

In the following question, one term in the number series is wrong. Find out the wrong term.
3, 10, 27, 4, 16, 64, 5, 25, 125

A) 3 B) 4
C) 10 D) 27
 
Answer & Explanation Answer: C) 10

Explanation:
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Filed Under: Number Series
Exam Prep: Bank Exams

2 4528
Q:

Sravan drove from home to a neighboring town at the speed of 50 km/h and on his returning journey, he drove at the speed of 45 km/h and also took an hour longer to reach home. What distance did he cover?

A) 350 kms B) 450 kms
C) 900 kms D) 700 kms
 
Answer & Explanation Answer: C) 900 kms

Explanation:

Let the distance he covered each way = d kms

According to the question,

d/45 - d/50 = 1

=> d = 450 kms.

 

Hence, the total distance he covered in his way = d + d = 2 d = 2 x 450 = 900 kms.

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Filed Under: Boats and Streams
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14 4527
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
Job Role: Bank PO

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