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Bank Exams Questions

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Q:

The total cost of a washing machine with a toaster was Rs 10500. The toaster was sold at a profit of 22% and the washing machine at a loss of 12%. If the sale price was the same in both the items, then the cost price of the cheaper item was ______.

A) Rs 4100 B) Rs 3250
C) Rs 7100 D) Rs 4400
 
Answer & Explanation Answer: D) Rs 4400

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

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Q:

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A) 7401.22 B) 3456
C) 4567 D) 7890
 
Answer & Explanation Answer: A) 7401.22

Explanation:

With slight modifications, the basic formula can be made to deal with compounding at intervals other than annually.

 

Since the compounding is done at six-monthly intervals, 4 per cent (half of 8 per cent) will be added to the value on each occasion.

 

Hence we use r = 0.04. Further, there will be ten additions of interest during the five years, and so n = 10. The formula now gives:

 

V = P(1 + r)10 = 5,000 x (1.04)10 = 7,401.22

 

Thus the value in this instance will be £7,401.22.

 

In a case such as this, the 8 per cent is called a nominal annual

 

rate, and we are actually referring to 4 per cent per six months.

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

1 4455
Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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

1 4455
Q:

How much money did the owner lose?

logical_math_puzzle1539151721.jpg image

A) Rs. 40 B) Rs. 200
C) Rs. 60 D) Rs. 100
 
Answer & Explanation Answer: D) Rs. 100

Explanation:

The owner first lost Rs. 100 in cash, but after the thief bought Rs. 60 goods, he get back that Rs. 100 but he lost Rs. 60 value of goods and Rs. 40 in change.

 

So, a total of 60 + 40 = Rs. 100 the owner lose.

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

4 4455
Q:

The CPU consists of which two parts?

A) ALU B) Control unit
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

The Central Processing Unit, consists of Arithmetic and logic unit and Control unit.

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

8 4453
Q:

India has ranked _____ rank in World Bank's 'Ease of doing business' index.

A) 100 B) 101
C) 99 D) 102
 
Answer & Explanation Answer: A) 100

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

14 4453
Q:

The average age of 8 men is increased by 4 years when one of them whose age is 30 years is replaced by a new man. What is the age of new man?

A) 55 Years B) 62 Years
C) 42 Years D) 69 Years
 
Answer & Explanation Answer: B) 62 Years

Explanation:

Let the average of 8 men be x. Age of new man be N.
Total age of 8 men = 8x
⇒ x + 4 = ((8x – 30) + N)/8
⇒ 8x + 32 = 8x – 30 + N
⇒ N = 32 + 30
⇒ N = 62

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Filed Under: Problems on Ages
Exam Prep: Bank Exams

5 4452
Q:

How many such pairs of letters are there in the word ORDINAL each of which has as many letters between them in the word as in the English alphabet?

A) None B) One
C) Two D) Three
 
Answer & Explanation Answer: D) Three

Explanation:
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Filed Under: Verbal Reasoning - Mental Ability
Exam Prep: Bank Exams
Job Role: Bank PO

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