Bank PO Questions

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

The famous Rock Garden which is also known as Nek Chand's Rock Garden after its founder Nek Chand, a government official who started the garden secretly in his spare time in 1957 is in the city Chandigarh.

The Rock Garden of Chandigarh is a sculpture garden in Chandigarh, India.

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

Let the amounts to be received by P, Q and R be p, q and r.
p + q + r = 1200
p = 1/2 (q + r) => 2p = q + r

Adding 'p' both sides, 3p = p + q + r = 1200
=> p = Rs.400

q = 1/3 (p + r) => 3q = p + r

Adding 'q' both sides, 4q = p + q + r = 1200
=> q = Rs.300

r = 1200 - (p + q) => r = Rs.500.

The number of points of intersection of 37 lines is C237. But 13 straight lines out of the given 37 straight lines pass through the same point A.

Therefore instead of getting C213 points, we get only one point A. Similarly 11 straight lines out of the given 37 straight lines intersect at point B. Therefore instead of getting C211 points, we get only one point B.

 Hence the number of intersection points of the lines is C237-C213-C211 +2 = 535

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

difference in C.I and S.I in 2years =Rs.32

S.I for 1year =Rs.400

S.I for Rs.400 for one year =Rs.32

rate=[100*32)/(400*1)%=8%

difference between in C.I and S.I for 3rd year

=S.I on Rs.832= Rs.(832*8*1)/100=Rs.66.56