SBI CLERK 2018 Quantitative Aptitude Quiz No- 5 “DATA INTERPRETATION (DI)”
On this quiz no 03 you will practice Data Interpretation (DI) Questions for bank exams like SBI Clerk Pre 2018, IBPS Clerk Pre, IBPS RRB 2018 and other 2018 banking exams with detailed Solution, all types of questions with tricky solution at free of cost
There are five friends Mr. A, Mr. B, Mr. C, Mr. D and Mr. E. There are three investment schemes in
which these five friends can invest their money. The details of these schemes are given below.
Note:
(i) Amount cannot be withdrawn before maturity period.
(ii) No reinvestment after maturity period is allowed in any scheme.
(iii) Total Amount(including interest) is payable at the end of the maturity period.
1.Mr. E has Rs 12 lakh. How should he invest this money so as to get maximum amount?
A) Rs 5 lakh in scheme B and remaining in Scheme A
B) Rs 10 lakh in scheme A and remaining in Scheme B
C) Rs 8 lakh in scheme A and remaining in Scheme B
D) Rs 3 lakh in Scheme C and remaining in Scheme A
E) Any one of the above as they pay equal amount.
2.Mr. B has to invest Rs 9 lakh wants to invest for a period of not more than 6 years. What is
the maximum possible interest that he can receive by investing in these schemes? (he can
invest in more than one scehme)
A) Rs 3,10,000
B) Rs 3,00,000
C) Rs 2,50,000
D) Rs 2,85,000
E) Rs 3,25,000
3.Due to the intervention of government, the banks providing scheme A had to reduce the
maturity period of Scheme A from 10 years to 6 years and the percent rate interest to 6 %.
All other data remains same for scheme A and all other schemes. Mr. C has Rs 15 lakh and
has to invest minimum Rs 1 lakh in each of the three schemes. What amount should he invest in the three schemes to get the maximum interest. The options are given in the order A,B,C
A) Rs 8 lakh, Rs 5 lakh, Rs 2 lakh
B) Rs 10 lakh, Rs 4 lakh, Rs 1 lakh
C) Rs 9 lakh, Rs 5 lakh, Rs 1 lakh
D) Rs 7 lakh, Rs 5 lakh, Rs 3 lakh
E) Rs 9 lakh, Rs 4 lakh, Rs 2 lakh
4.Mr. E invested some amount in Scheme C. But after 3 years from the date of investment he
passed away. His Wife Mrs. E was allowed premature withdrawal as an exceptional case by
the bank at the end of 3 years but with a deduction of 1% from the total amount payable. If
Mrs. E receives Rs 2,27,700 at the end of 3 years, what amount did Mr. E inversted?
A) Rs 1,75,000
B) Rs 1,50,000
C) Rs 2,00,000
D) Rs 2,10,000
E) None of these
5.Mr. D invests Rs 3 lakh in Scheme C and some amount in Scheme A. He receives a total
interest of Rs 4,65,000 from both these scheme together. What amount did he invest in
Scheme C?
A) Rs 7,50,000
B) Rs 7,00,000
C) Rs 6,50,000
D) Rs 6,75,000
E) None of these
Answer
1. Option B
Solution:
For B) A = 10 lakh(1+10*6/100) + 2lakh(1+7*6/100) = Rs 1600000 + Rs 284000 = Rs
1884000.
This Is more than any other option
2. Option D
Solution:
As he has to invest for a period of not more than 6 years. So he can invest in either scheme B
or C.
For maximum interest he should invest more money in Scheme B (as it has higher R*T ratio
than that of scheme C. )
So he invests Rs 5 lakh i.e the upper limit in scheme 5 and remaining amount in scheme C.
But the limit in scheme C is Rs 3 lakh. So he can only invest Rs 8 lakh out of the total amount
he has. Total interest on this Rs 8 lakh = 5L *7*6/100 + 3L*5*5/100 = Rs 210000 + Rs
75000 = Rs 285000
3. Option C
Solution:
As the R*T is greatest for Scheme B, i.e 7*6=42 , followed by Scheme A = 6*6 = 36 and then
Scheme A = 5*5 =25 , As we have to invest atleast Rs 1 lakh in all scheme. So invest Rs 1
lakh(i.e minimum amount) in Scheme C. Now we are left with Rs 14 lakh. Scheme B will give
us highest interest. But there is maximum limit of Rs 5 lakh. So invest Rs 5 lakh in Scheme B.
And the remaining amount of Rs 9 lakh in Shcme A
4. Option C
Solution:
This amount is 99% of the total amount that was receivable.
So total amount = 100/99 *227700 = Rs 230000
Find principle for this amount at 5% for 3 years at SI.
5. Option C
Solution:
Total interest = Rs 4,65,000 Interest from scheme C = 3Lac*5*5/100 = Rs 75,000
Remaining interest is from scheme A = Rs 4,65,000 – Rs 75,000 = Rs 3,90,000
Find P.
