Bank Exams Questions

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when interest is reckoned using compound interest, interest being compounded annually. The difference in the simple interest and compound interest for two years is on account of the interest paid on the first year's interest  Hence 12% of simple interest = 90 => simple interest =90/0.12 =750.

As the simple interest for a year = 750 @ 12% p.a., the principal =750/0.12 = Rs.6250.

If the principal is 6250, then the amount outstanding at the end of 3 years = 6250 + 3(simple interest on 6250) + 3 (interest on simple interest) + 1 (interest on interest on interest) = 6250 +3(750) + 3(90) + 1(10.80) = 8780.80.

If the total area of pump=1 part

The pumop take 2 hrs to fill 1 part 

The pumop take1 hour to fill 1/2 portion 

Due to lickage  

The pumop take 7/3 hrs to fill 1 part 

The pumop take1 hour to fill 3/7 portion 

Now the difference of area = (1/2-3/7)=1/14 

This 1/14 part of water drains in 1 hour 

Total area=1 part of water drains in (1x14/1)hours= 14 hours 

So the leak can drain all the water of the tank in 14 hours. 

Leak will empty the tank in 14 hrs