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
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21 26012
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
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93 26006
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
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9 25984
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
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68 25978
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
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102 25971
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
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122 25955
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 25897
Q:

Without any stoppage, a person travels a certain distance at an average speed of 42 km/h, and with stoppages he covers the same distance at an average speed of 28 km/h. How many minutes per hour does he stop?

A) 15 minutes B) 20 minutes
C) 18 minutes D) 22 minutes
 
Answer & Explanation Answer: B) 20 minutes

Explanation:

Let the total distance to be covered is 84 kms.
Time taken to cover the distance without stoppage = 84/42 hrs = 2 hrs
Time taken to cover the distance with stoppage = 84/28 = 3 hrs.
Thus, he takes 60 minutes to cover the same distance with stoppage.
Therefore, in 1 hour he stops for 20 minutes.

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Filed Under: Average
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27 25843