Bank PO Questions


Q:

A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year

A) Rs.5624.32 B) Rs.5423
C) Rs.5634 D) Rs.5976
 
Answer & Explanation Answer: A) Rs.5624.32

Explanation:

 

 

 

5% is the rate of interest. 20% of the interest amount is paid as tax.

 

i.e  80% of the interest amount stays back.

 

 if we compute the rate of interest as 80% of 5% = 4% p.a., we will get the same value.

  

The interest accrued for 3 years in compound interest = 3 x simple interest on principal + 3 x interest on simple interest + 1 x interest on interest on interest.

 

= 3 x (200) + 3 x (8) + 1 x 0.32 =600 + 24 + 0.32 = 624.32

 

 

 

The amount at the end of 3 years = 5000 + 624.32 = 5624.32

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

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Q:

What is a Non-PO Invoice?

Answer

A non-po is an invoice which does not have po(purchase order).However, these invoices requires approval for authorized person/persons to process for payment.


What_is_a_Non-PO_Invoice1558075538.jpg image

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Subject: Accounts Payable Exam Prep: Bank Exams
Job Role: Bank Clerk , Bank PO

47 24254
Q:

Warm is to Hot as Not so Good is to

A) Average B) Fair
C) Not so bad D) Worse
 
Answer & Explanation Answer: D) Worse

Explanation:

Warm and hot are in the same meaning sense , so not so good is same as worse in meaning.

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

25 24195
Q:

The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

A) Rs.156.25 B) Rs.150
C) Rs.140 D) Rs125.25
 
Answer & Explanation Answer: A) Rs.156.25

Explanation:

 

Present Worth

 

=P1+R1002

 

=1691+41002

 

= Rs.156.25

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

30 24194
Q:

A man walks 6 km at a speed of 112kmph, runs 8 km at a speed of 2 kmph and goes by bus another 32 km. Speed of the bus is 8 kmph. Find the average speed of the man in kmph.

A) 4314

B) 4213

C) 2413

D) 3414

A) Option A B) Option B
C) Option C D) Option D
 
Answer & Explanation Answer: B) Option B

Explanation:

Man walked 6 km at 1.5 kmph, again he walked 8 km at speed of 2 kmph and 40 km at a speed of 8kmph
time taken indivisually:
=> 6/1.5 = 4 m
=> 8/2 = 4 m
=> 40/8 = 5 m

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average speed of man= total distance/ total time
=> 54/13 = 4213 kmph

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

17 24135
Q:

Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam.

A) 3567 B) 3452
C) 3087 D) 3544
 
Answer & Explanation Answer: C) 3087

Explanation:

Shyam's share * (1+0.05)9 = Ram's share * (1 + 0.05)11

Shyam's share / Ram's share = (1 + 0.05)11 / (1+ 0.05)9 = (1+ 0.05)2 = 441/400

Therefore Shyam's share = (441/841) * 5887 = 3087

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

17 24110
Q:

Rahul went to purchase a Nokia mobile handset, the shopkeeper told him to pay 20% tax if he asked the bill. Rahul manages to get the discount of 5% on the actual saleprice of the mobile and he paid the shopkeeper Rs. 3325 without tax. Besides he manages to avoid to pay 20% tax on the already  discounted price, what is the amount of discount that he has gotten?

A) 750 B) 375
C) 875 D) 525
 
Answer & Explanation Answer: C) 875

Explanation:

CP = 100, SP (with tax) =120

 

New   SP = 100 - 5 = 95

 

 Effective discount = 120 - 95 = 25 

 

So, at SP of 95 ----> discount = 25

 

and      at SP of 3325 -----> discount = 2595×3325 = 875

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

54 24085
Q:

Five farmers have 7,9,11,13 & 14 apple trees respectively in their orchards. Last year each of them discovered that every tree in their own orchard yields exactly the same number of apples. Further, if the 3rd farmer gives one apple to the 1st and the 5th gives 3 to each of the 2nd & d 4th, they would all exactly have the same number of apples, what were the yields per tree in the orchards of the 3rd & 4th farmers ?

A) 17 & 9 B) 9 & 11
C) 9 & 9 D) 11 & 9
 
Answer & Explanation Answer: D) 11 & 9

Explanation:

Let the number of apples in each tree of the 5 farmers be a, b, c, d,e respectively. Therefore total no of apples are 7a, 9b, 11c, 13d and 14e respectively.

Given,
7a+1 = 9b+3 = 11c-1 = 13d+3 = 14e-6 = x

9b+3 = 13d+3
===> 9b = 13d
so take b = 13 and d = 9

9b+3 = 9*13+3 = 120
ie, x=120

substituting
7a+1 = 120
7a = 119
a = 17

11c-1 = 120
11c = 121
c=11

14e-6 = 120
14e = 126
e = 9

Yields per tree in the orchards of d 3rd & 4th farmers= 11,9

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Filed Under: Arithmetical Reasoning
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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24 24066