Bank PO Questions and Answers with Explanation, Job Roles

Q:

The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded annually is Rs.16. if the interest were compounded half yearly , the difference in two interests would be nearly

A) Rs.24.64	B) Rs.21.85
C) Rs.16	D) Rs.16.80

Answer & Explanation Answer: A) Rs.24.64

Explanation:

For 1st year S.I =C.I.

Thus, Rs.16 is the S.I. on S.I. for 1 year, which at 8% is thus Rs.200

i.e S.I on the principal for 1 year is Rs.200

Principle = $R s . \frac{100 * 200}{8 * 1}$ = Rs.2500

Amount for 2 years, compounded half-yearly

$R s . [2500 * {(1 + \frac{4}{100})}^{4}] = R s . 2924.4$

C.I = Rs.424.64

Also, $S . I = R s . (\frac{2500 * 8 * 2}{100}) = R s . 400$

Hence, [(C.I) - (S.I)] = Rs. (424.64 - 400) = Rs.24.64

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

121 44412

Q:

A man is facing north-west. He turns $90^{o}$ in the clockwise direction, then $180^{o}$ in the anticlockwise direction and then another $90^{o}$ in the same direction. Which direction is he facing now?

A) South	B) South-west
C) South-east	D) East

Answer & Explanation Answer: C) South-east

Explanation:

As shown in fig. the man initially faces in the direction OP. On moving $90^{0}$ clockwise, he faces in the direction OX. On further moving $180^{0}$ anticlockwise, he faces in the direction OY. Finally, on moving $90^{0}$ anticlockwise, he faces in the direction OZ, which is South-east. new1497431743.jpg image

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Filed Under: Direction Sense Test
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

243 44392

Q:

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate

A) Rs.4972	B) Rs.3972
C) Rs.5972	D) Rs.2972

Answer & Explanation Answer: B) Rs.3972

Explanation:

Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.

R= $\frac{100 * 60}{100 * 6}$ =10% p.a

Now, P = Rs. 12000. T = 3 years and R = 10% p.a.

C.I= $R s . [12000 * {[1 + \frac{10}{100}]}^{3} - 1]$
=Rs.3972

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

52 44303

Q:

What is black when you buy it, red when you use it, and gray when you throw it away?

A) Shoe	B) Charcoal
C) Belt	D) All the above

Answer & Explanation Answer: B) Charcoal

Explanation:

What_is_black_when_you_buy_it,_red_when_you_use_it,_and_gray_when_you_throw_it_away1557491056.jpg image

It is Charcoal which is black when we buy it or when not being used. It gets red in appearance when put in use means to say when burning. And eventually when it's been consumed by fire or after getting burned out or used up, changes into ashes which look grey in color.

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

145 44161

Q:

A man reaches his office 20 min late, if he walks from his home at 3 km per hour and reaches 30 min early if he walks 4 km per hour. How far is his office from his house ?

A) 20 km	B) 16 km
C) 14 km	D) 10 km

Answer & Explanation Answer: D) 10 km

Explanation:

Let distance = x km.
Time taken at 3 kmph : dist/speed = x/3 = 20 min late.
time taken at 4 kmph : x/4 = 30 min earlier
difference between time taken : 30-(-20) = 50 mins = 50/60 hours.
x/3- x/4 = 50/60
x/12 = 5/6
x = 10 km.

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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO

57 44128

Q:

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at $6 \frac{1}{4}$ p.a for 2 years. Find his gain in the transaction per year

A) Rs. 112.50	B) Rs.150.25
C) Rs.167.50	D) Rs.170

Answer & Explanation Answer: A) Rs. 112.50

Explanation:

$g a i n i n 2 y e a r s = R s . [(5000 * \frac{25}{4} * \frac{2}{100}) - (\frac{5000 * 4 * 2}{100})]$

= Rs. (625 - 400)

= Rs. 225

$g a i n i n 1 y e a r = R s . (\frac{225}{2}) = 112.50$

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

124 43873

Q:

The length of a rectangular plot is 20 metres more than its breadth. If the cost of fencing the plot @ Rs. 26.50 per metre is Rs. 5300, what is the length of the plot in metres?

A) 20	B) 200
C) 300	D) 400

Answer & Explanation Answer: B) 200

Explanation:

Let length of plot = L meters, then breadth = L - 20 meters

and perimeter = 2[L + L - 20] = [4L - 40] meters

[4L - 40] * 26.50 = 5300

[4L - 40] = 5300 / 26.50 = 200

4L = 240

L = 240/4= 60 meters.

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

30 43740

Q:

Pick an odd man in the given number series?

4 12 38 87 198

A) 12	B) 38
C) 87	D) 198

Answer & Explanation Answer: A) 12

Explanation:

The given series follows a pattern that,

$4 + 3^{2} = 4 + 9 = 13 13 + 5^{2} = 13 + 25 = 38 38 + 7^{2} = 38 + 49 = 87 87 + 9^{2} = 87 + 81 = 198$

Hence, the odd man in the given number series is 12.

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

4 43561

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