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Q:

A chartered bank offers a five-year Escalator Guaranteed Investment Certificate.In successive years it pays annual interest rates of 4%, 4.5%, 5%, 5.5%, and 6%, respectively, compounded at the end of each year. The bank also offers regular five-year GICs paying a fixed rate of 5% compounded annually. Calculate and compare the maturity values of $1000 invested in each type of GIC. (Note that 5% is the average of the five successive one-year rates paid on the Escalator GIC.)

A) 1276.28 B) 1234
C) 1278 D) 1256
 
Answer & Explanation Answer: A) 1276.28

Explanation:

FV = $1000(1.04)(1.045)(1.05)(1.055)(1.06) = $1276.14

 the maturity value of the regular GIC is

 

 FV = $ 1000 x 1.055=  $1276.28

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

4 6734
Q:

Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?

A) 500 B) 600
C) 450 D) 550
 
Answer & Explanation Answer: A) 500

Explanation:

Let the lent at 5% be 'A'

(A x 5 x 1)/100 + [(1500 - A)x 6 x 1]/100 = 85

5A/100 + 90 – 6A/100 = 85

A/100 = 5

=> A = 500

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Filed Under: Partnership
Exam Prep: AIEEE , Bank Exams
Job Role: Bank Clerk , Bank PO

6 6732
Q:

Low voltage cables are meant for use up to

A) 3.3 kV B) 1.1kV
C) 11 kV D) 0.5 kV
 
Answer & Explanation Answer: B) 1.1kV

Explanation:

Low Voltage Cables are used to supply power for use up to 1.1 kV.

low_voltage_cables_are_meant_for_use_up_to1553167280.jpg image

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

4 6725
Q:

Rajeev's age is four more than the age of Shilpa. The age of Shilpa can be obtained by subtracting four times her age 4 years ago from the four times her age after 4 years. What was Rajeev's age before 4 years ?

A) 36 years B) 28 years
C) 32 years D) 40 years
 
Answer & Explanation Answer: C) 32 years

Explanation:

Let Shilpa's present age is p years

According to question,

p = 4(x+4) – 4(x–4)

p = 4x+16 – 4x+16

p = 32

Shilpa's present age = 32 years

Rajeev is four years older than Shilpa

=> Shilpa's present age = Rajeev's age 4 years before.

=> Rajeev's age 4 years before = 32 years.

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Filed Under: Problems on Ages
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

14 6723
Q:

Ronika deposited Rs.7000 which amounted to Rs.9200 after 3 years at simple interest. Had the interest been 2% more. She would get how much ?

A) 9850 B) 9500
C) 9620 D) 9760
 
Answer & Explanation Answer: C) 9620

Explanation:

As the interest rate increases by 2%
=> (7000x3x2)/100 = 420
                                   9200
                                  --------
                                   9620

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Filed Under: Simple Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

13 6722
Q:

Jeopardy : Peril :: Jealousy : ?

A) Lust B) Sin
C) Envy D) Insecurity
 
Answer & Explanation Answer: C) Envy

Explanation:

First is a more intense form of the second. Here Jeopardy is the more intense form of Peril and we know that Jealousy is the more intense form of Envy.

 

Hence, Jeopardy : Peril :: Jealousy : Envy.

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

5 6721
Q:

A group of 1200 persons consisting of boys and girls is travelling in a Bus. For every 15 boys there is one girl. The number of girls in the group is ?

A) 60 B) 65
C) 70 D) 75
 
Answer & Explanation Answer: D) 75

Explanation:

If there are x girls, then
x + 15x = 1200
16x = 1200
x= 1200/16 = 75

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

4 6718
Q:

A tank is 25 m long, 12 m wide and 6 m deep. The cost of plastering its walls and bottom at 75 paise per sq. m, is:

A) rs.458 B) rs,558
C) rs.658 D) rs.758
 
Answer & Explanation Answer: B) rs,558

Explanation:

Area to be plastered= [2(l + b) x h] + (l x b)

= [2(25 + 12) x 6] + (25 x 12)

= (444 + 300)

= 744 sq.m

Cost of plastering = Rs.744 x (75/100)

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Filed Under: Area
Exam Prep: Bank Exams
Job Role: Bank PO

2 6717