Exams


Q:

If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ?

A) 3387.42 B) 4387.42
C) 5387.42 D) 6387.42
 
Answer & Explanation Answer: C) 5387.42

Explanation:

The mathematical formula for calculating compound interest depends on several factors. These factors include the amount of money deposited called the principal, the annual interest rate (in decimal form), the number of times the money is compounded per year, and the number of years the money is left in the bank.

 FV=p1+rnnt

 

FV = Future value of the Deposit

 

p = Principal or Amount of Money deposited

 

r = Annual Interest Rate (in decimal form )

 

n = No of times compounded per year

 

t = time in years

FV=40001+0.0644(5)= 5387.42

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

21 26037
Q:

Find the number of triangles in the given figure ?

                analyticalreasoning1331484546669.png image

A) 5 B) 8
C) 9 D) 10
 
Answer & Explanation Answer: D) 10

Explanation:

The given figure can be labelled as :

   analyticalreasoning13answer121484546728.png image

The simplest triangles are AJF, FBG, HDI, GCH and JEI i.e 5 in number.
The triangles composed of the three components each are AIC, FCE, ADG, EBH and DJB i.e 5 in number.
Thus, there are 5 + 5 = 10 triangles in the given figure.

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Filed Under: Analytical Reasoning
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

68 26034
Q:

The sum of three consecutive multiples of 3 is 72. What is the second largest number ?

A) 27 B) 24
C) 21 D) 42
 
Answer & Explanation Answer: B) 24

Explanation:

Let the numbers be 3x, 3x + 3 and 3x + 6.
Then,
3x + (3x + 3) + (3x + 6) = 72
9x = 63
x = 7
Largest number = 3x + 6 = 27.

=> Second largest number = 27 - 3 = 24

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

93 26022
Q:

In a certain coding language, iF GO = 32 & SHE = 49 then SOME will be equal to ?

A) 56 B) 58
C) 62 D) 64
 
Answer & Explanation Answer: A) 56

Explanation:

If we count letters till the end of the alphabet including that letter in reverse order then
Here the values are nothing but the values corresponding to the alphabets when taken in a reverse order,i.e,A=26 ,B=25...,Z=1
G = 20 and O = 12 totaling 32
S = 8, H = 19 and E = 22 totaling 49

So
SOME = 8 + 12 + 14 + 22 = 56.

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Filed Under: Coding and Decoding
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

102 25997
Q:

What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?

A) Rs.2592 B) Rs.2492
C) Rs.2352 D) Rs.2352
 
Answer & Explanation Answer: A) Rs.2592

Explanation:

The usual way to find the compound interest is given by the formula A = .p(1+r/100)^n

In this formula,

A is the amount at the end of the period of investment

P is the principal that is invested

r is the rate of interest in % p.a

And n is the number of years for which the principal has been invested.

In this case, it would turn out to be A =1500(1+20/100)^3

= 2592.

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

9 25987
Q:

Which of the statements given below are correct?

A) Alexander Norén won the Golf 2017 BMW PGA Championship.

B) Canada hosted the Table Tennis 2017 ITTF Women's World Cup.

C) In 2018 IPL auctions, Rajasthan Royals retained Steve Smith.

 

A) Only C B) B and C
C) A and B D) A, B and C
 
Answer & Explanation Answer: D) A, B and C

Explanation:
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Filed Under: Sports
Exam Prep: Bank Exams

0 25973
Q:

Which of the following refers to a small, single-site network ?

A) LAN B) DSL
C) RAM D) USB
 
Answer & Explanation Answer: A) LAN

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams

122 25968
Q:

Read the statements and select a conclusion from the given alternatives.


Statement : Some mats are brooms. All the pencils are brooms.

 

Conclusion :

 

I. Some brooms are pearls.

II. Some brooms are mats.

 

A) Only I conclusion follows B) Only II conclusion follows
C) Either I or II follows D) Neither I nor II follows
 
Answer & Explanation Answer: B) Only II conclusion follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

0 25958