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Q:

What is the compound interest earned at the end of 3 years?

I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500.

II.The rate of interest is 10 p.c.p.a.

III.Compound interest for 3 years is more than the simple interest for that period by Rs.465.

A) I and II only B) II and III only
C) I and III only D) Either II or III only

Answer:   D) Either II or III only



Explanation:

 

 

 

 

 

 

I. gives, S.I for 3 years = Rs. 4500.

 

 

 

II. gives, Rate = 10% p.a.

 

 

 

III. gives, (C.I.) - (S.I.) = Rs. 465.

 

 

 

Clearly, using I and III we get C.I. = Rs. (465 + 4500).

 

 

 

Thus, II is redundant.

 

 

 

Also, from I and II, we get sum =

 

 

 

100 x 4500

 

 

 

= 15000.

 

 

 

10 x 3

 

 

 

Now C.I. on Rs. 15000 at 10% p.a. for 3 years may be obtained.

 

 

 

Thus, III is redundant.

 

 

 

Either II or III is redundant.

Subject: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO
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Two boxes contain 4 and 16 balls respectively. Two balls in the first box and four in the second, are black. If a box is chosen randomly and two balls are drawn at random from it, what is the
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Explanation:

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Explanation:

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X and Y entered into partnership with Rs. 700 and Rs. 600 respectively. After another 3 months, X withdrew two- sevenths of his stock but after 3 months, he puts back three-fifths of what he had withdrawn. The total profit at the end of the year is Rs. 726. How much of this should X receive?

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Explanation:

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If length of a rectangle is decreased by 6 cm we get a square and the area of square formed is 252 cm2 less than the area of square formed when breadth of the original rectangle is increased by 6 cm. Find the perimeter of the rectangle.

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Answer & Explanation Answer:

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Explanation:

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