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Q:

Derrick's dad bought new tires for $900 using a credit card. His card has an interest rate of 19%. If he has no other charges on his card and does not pay off his balance at the end of the month, how much money will he owe after one month?

A) 11.25 B) 13.25
C) 14.25 D) 15.25
 
Answer & Explanation Answer: C) 14.25

Explanation:

I=prt

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

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Q:

One hour is what percent of a day?

A) 5.6% B) 4.16%
C) 3.35% D) 6.7%
 
Answer & Explanation Answer: B) 4.16%

Explanation:

A day has 24 hrs

=> If 24 hrs - 100

Then 1 hr = ?

100/24 = 4.16%

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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

What is the main function of international monetary fund  ?

A) Help to solve Balance of Payment problems of member countries B) Act as private sector lending arm of the World Bank
C) Finance investment loans to developing countries D) Arrange international deposits from banks
 
Answer & Explanation Answer: A) Help to solve Balance of Payment problems of member countries

Explanation:
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Filed Under: Accounts Payable
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Dileep started a business with a capital of Rs. 8000. After six months, Narender joined him with some investment. If at the end of the year each of them gets equal amount as profit, how much did Narender invest in the business?

A) 24000 B) 16000
C) 12000 D) 32000
 
Answer & Explanation Answer: B) 16000

Explanation:

Given Dileep and Narender started a business.

Dileep invested 8000 for 12 months

Let Narender invested 'p' for 6 months

At the end of the year, their profit ratio is 1 : 1.

Hence,

8000 x 12 : p x 6

p : 16000

p/16000 = 1/1

=> p = 16,000

 

Hence, Narender invested amount is Rs. 16,000.

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

8 4285
Q:

Which of these investments may pay dividends?

A) Savings account B) Stocks
C) Bonds D) Certificates of deposit
 
Answer & Explanation Answer: B) Stocks

Explanation:

Stock investment may pay the dividends.

The amount of dividend will be depended on how many stocks you own and how much is that's company net income in that year

For example :

If you own 15 % of the company, and the company announced that they will pay Rs. 1,00,000 as dividend this year, you will get dividend payment of Rs. 15,000.

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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Who is the auther of the book Atal Ji Ne Kaha?

A) Brijendra Rehi B) Sushwanth
C) Raj singh D) None of the above
 
Answer & Explanation Answer: A) Brijendra Rehi

Explanation:
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Filed Under: Books and Authors
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

8 4283
Q:

The compound interest on Rs. 8000 for 3 year at 10% p.a. is

A) 2648 B) 2145
C) 2587 D) 2784
 
Answer & Explanation Answer: A) 2648

Explanation:

8000 × 33.1% = 2648

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Filed Under: Compound Interest
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Q:

What element is used in bright flashing advertising signs?

A) Neon B) Helium
C) Mercury D) Radon
 
Answer & Explanation Answer: A) Neon

Explanation:

Neon is the element that is used in bright flashing advertising signs as Neon particulary gives bright color.

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Filed Under: General Science
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