Bank PO Questions


Q:

The cost price of 40 Magazines is the same as the selling price of 'P' articles. If the profit is 25%, then the value of 'P' is:

A) 32 B) 40
C) 16 D) 30
 
Answer & Explanation Answer: A) 32

Explanation:

Let C.P. of each Magazine be Rs. 1

C.P. of P articles = Rs. P. 

S.P. of P articles = Rs. 40.

 

Profit = Rs. (40 - P)

 

Now, Gain% = ProfitC.P×100 = 40-PP×100 

 

Here 40-PP×100= 25

-->P = 32.

 

 

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Filed Under: Profit and Loss
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6 4228
Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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

0 4226
Q:

The G.C.D of 1.08, 0.36 and 0.9 is

A) 0.9 B) 0.36
C) 0.18 D) 1.08
 
Answer & Explanation Answer: C) 0.18

Explanation:

G.C.D is nothing but H.C.F

 

Given numbers are 1.08 , 0.36 and 0.90

 

we can take as 108, 36 and 90 

 

Then required H.C.F is 18.

 

Therefore, H.C.F of given numbers is 0.18.

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Filed Under: HCF and LCM
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19 4225
Q:

The capacity of a tank is 2400 m3.  A pump can be used both for filling and emptying the tank.  The emptying capacity of the pump is 10 m3/minute higher than its filling capacity. And also, the pump needs 8 minutes less to empty the tank than to fill it. Find the filling capacity of the pump. 

A) 46 cub.m/min B) 44 cub.m/min
C) 48 cub.m/min D) 50 cub.m/min
 
Answer & Explanation Answer: D) 50 cub.m/min

Explanation:

Let filling capacity of the pump be 'F' m3/min

Then, the filling capacity of the pump will be (F + 10) m3/min

From the given data,

2400F - 2400F+10= 8 2400 F+10-FF(F+10) =8 F2 + 10F - 3000 = 0 F = 50 m3/min

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15 4224
Q:

Two trains are running with speeds 30 kmph and 58 kmph respectively in the same direction. A man in the slower train passes the faster train in 18 seconds. Find the length of the faster train?

A) 105 mts B) 115 mts
C) 120 mts D) 140 mts
 
Answer & Explanation Answer: D) 140 mts

Explanation:

Speeds of two trains = 30 kmph and 58 kmph

=> Relative speed = 58 - 30 = 28 kmph = 28 x 5/18 m/s = 70/9 m/s

Given a man takes time to cross length of faster train = 18 sec

 

Now, required Length of faster train = speed x time = 70/9  x  18 = 140 mts.

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3 4222
Q:

P can do a piece of work in 5 less days than Q. If both of them can do the same work in 1119days, in how many days will Q alone do the same work  ?

A) 24 days B) 25 days
C) 20 days D) 19 days
 
Answer & Explanation Answer: B) 25 days

Explanation:

Let Q complete that work in 'L' days

 

=> 1L + 1L-5 = 9100

 

=> 9L2-245L+500=0

 

L = 25 days.

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Filed Under: Time and Work
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Q:

Symbolic logic was discovered by ___________

A) Herman Hollerith B) Vonn Neumann
C) George Boole D) Sun Microsystem
 
Answer & Explanation Answer: C) George Boole

Explanation:
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Filed Under: Computer
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17 4221
Q:

Virus doubles every 3 mins. It is 'K' in 1 hour, when was it K/4 ?

A) 29 min B) 25 min
C) 54 min D) 57 min
 
Answer & Explanation Answer: C) 54 min

Explanation:

If virus is K in 1hr i.e 60 min
then in 57 min it was K/2 as it doubles every 3 minutes
=> In 54 min it was K/4.
At 54 minutes it was K/4.

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Filed Under: Arithmetical Reasoning
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6 4220