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Q:

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is

A) 2years B) 3years
C) 4years D) 5years
 
Answer & Explanation Answer: A) 2years

Explanation:

 

 

 

Amount = Rs(30000 + 4347) = Rs.34347.

 

 

 

Let the time be n years. Then,

 

 300001+7100n=34347

 

 

 

107100n=3434730000=1144910000=1071002

 

 

 

n= 2years.

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

1 6960
Q:

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

A) Rs.1251 B) Rs.1261
C) Rs.1271 D) Rs,1281
 
Answer & Explanation Answer: B) Rs.1261

Explanation:

Clearly, Rate = 5% p.a .,

Time = 3 years

S.I =Rs.1200.

So,Principal

=Rs.(100 x 1200/3x5)

=Rs.8000.

 

Amount

=Rs.[8000 x (1+5/100)³]

=Rs(8000x21/20x21/20x21/20)

= Rs.9261

 

C.I

=Rs.(9261-8000)

=Rs.1261.

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

1 4471
Q:

In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?

A) 2years B) 3years
C) 4years D) 5years
 
Answer & Explanation Answer: B) 3years

Explanation:

Principal = Rs.1000;

Amount = Rs.1331;

Rate = Rs.10%p.a.

 

Let the time be n years.Then

[1000(1+10/100)Λn;]

= 1331.

= (1331/1000)

= (11/10)³

 

Therefore n = 3 years.

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

3 7300
Q:

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

A) Rs.51.25 B) Rs.52
C) Rs.53 D) Rs.54
 
Answer & Explanation Answer: A) Rs.51.25

Explanation:

Sum =Rs.(50 x 100/2x5)

= Rs. 500.

Amount

=[Rs.500x(1+5/100)²]

=Rs(500x21/20x21/20).

=Rs. 551.25

 

C.I

= Rs. (551.25 - 500)

= Rs. 51.25

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

3 6599
Q:

A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

A) 6% B) 4%
C) 5% D) 7%
 
Answer & Explanation Answer: C) 5%

Explanation:

S.I. on Rs.800 for 1 year

=Rs[840 - 800]

= Rs.40

 

Rate

=(100x40/800x1)%

= 5%

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

14 16761
Q:

On a sum of money, the simple interest for 2 years is Rs. 660,while the compound interest is Rs.696.30,the rate of interest being the same in both the cases. The rate of interest is

A) 10% B) 11%
C) 12% D) 13%
 
Answer & Explanation Answer: B) 11%

Explanation:

Difference in C.I and S.I for 2 years

= Rs(696.30-660)

=Rs. 36.30.

 

S.I for one years = Rs330.

S.I on Rs.330 for 1 year =Rs. 36.30 

 

Rate

= (100x36.30/330x1)%

= 11%

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

42 32021
Q:

The famous character pickwick was created by

A) Leo Tolstoy B) Charles Dickens
C) George Washington D) Steven Spielberg
 
Answer & Explanation Answer: B) Charles Dickens

Explanation:
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Filed Under: Books and Authors
Job Role: Analyst

32 9424
Q:

main()

{

char *p; p = "Hello";

printf ("%cn", *&*p);

}

A) H B) Hello
C) Compilation error D) H E L L O
 
Answer & Explanation Answer: A) H

Explanation:

* is a dereference operator & is a reference operator. They can be applied any number of times provided it is meaningful. Here p points to the first character in the string "Hello". *p dereferences it and so its value is H. Again & references it to an address and * dereferences it to the value H

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Filed Under: Programming
Job Role: Software Architect

19 31370