March 2024

A man borrowed Rs.50,000 from a bank at 10% per annum, compounded annually. At the end of every year

A man borrowed Rs.50,000 from a bank at 10% per annum, compounded annually. At the end of every year

A man borrowed Rs.50,000 from a bank at 10% per annum, compounded annually. At the end of every year, he pays Rs.15,000 as part payment of the loan and interest. How much does he still owe to the bank after three such instalments? a) 17200 b) 16900 c) 15500 d) 14300 Sol: 50000×11/10=55000-15000=40000 40000×11/10=44000-15000=29000 29000×11/10=31900-15000=16900

A man borrowed Rs.50,000 from a bank at 10% per annum, compounded annually. At the end of every year Read More »

Milk and water are mixed in a vessel A in the proportion 5 : 2, and in vessel B in the proportion 8 : 5. In what proportion should quantities

Milk and water are mixed in a vessel A in the proportion 5 : 2, and in vessel B in the proportion 8 : 5. In what proportion should quantities

Milk and water are mixed in a vessel A in the proportion 5 : 2, and in vessel B in the proportion 8 : 5. In what proportion should quantities be taken from the two vessels so as to form a mixture in which milk and water will be in the proportion of 9 :

Milk and water are mixed in a vessel A in the proportion 5 : 2, and in vessel B in the proportion 8 : 5. In what proportion should quantities Read More »

A and B together can complete a job in 8 days. Both B and C, working alone can finish the same job in 12 days. A and B commence work on the job

A and B together can complete a job in 8 days. Both B and C, working alone can finish the same job in 12 days. A and B commence work on the job

A and B together can complete a job in 8 days. Both B and C, working alone can finish the same job in 12 days. A and B commence work on the job, and work for 4 days, whereupon A leaves. B continues for 2 more days, and then he leaves too. C now starts

A and B together can complete a job in 8 days. Both B and C, working alone can finish the same job in 12 days. A and B commence work on the job Read More »

Find the difference between the simple interest and the compound interest payable annually on a sum of Rs.6,500 at 7% per annum for 3 years

Find the difference between the simple interest and the compound interest payable annually on a sum of Rs.6,500 at 7% per annum for 3 years

Find the difference between the simple interest and the compound interest payable annually on a sum of Rs.6,500 at 7% per annum for 3 years. (Correct to two decimal places.) a) 90.90 b) 97.78 c) 92.50 d) 88.80 Sol: 6500×7/100=455 455×7/100=31.85 31.85×7/100=2.295 3(31.85)+2.295=97.78

Find the difference between the simple interest and the compound interest payable annually on a sum of Rs.6,500 at 7% per annum for 3 years Read More »

A bus covered a certain distance from village A to village B at the speed of 60 km./hr. However, on its return journey

A bus covered a certain distance from village A to village B at the speed of 60 km./hr. However, on its return journey

A bus covered a certain distance from village A to village B at the speed of 60 km./hr. However, on its return journey it got stuck in traffic and covered the same distance at the speed of 40 km/hr. and took 2 hours more to reach its destination. What is the distance covered between village

A bus covered a certain distance from village A to village B at the speed of 60 km./hr. However, on its return journey Read More »

A shopkeeper allows 20% discount on his advertised price and to make a profit of 25% on his outlay. What is the advertised price (in Rs.) on which he

A shopkeeper allows 20% discount on his advertised price and to make a profit of 25% on his outlay. What is the advertised price (in Rs.) on which he

A shopkeeper allows 20% discount on his advertised price and to make a profit of 25% on his outlay. What is the advertised price (in Rs.) on which he gains Rs 6000? a) 36000 b) 37500 c) 39000 d) 42500 Sol:

A shopkeeper allows 20% discount on his advertised price and to make a profit of 25% on his outlay. What is the advertised price (in Rs.) on which he Read More »

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