Bank PO Questions

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3
=$4000 -------(1)

PV1
  =FV/(1 + i)^n
=$1000/(1.035)^4=
$871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2
  =2x * 0.7089188 =
1.6270013x
PV3
  =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x
=$4000

2.3359201x
=$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)
=$2678.65, and the third payment will be $1339.33

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.

• Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks

• Fiscal policy is the collective term for the taxing and spending actions of governments.

China's amphibian aircraft, which is stated to be the world's largest, has successfully passed engine tests and is expected to make its maiden flight in the first half of the year 2017.

Light travels Faster than Sound.

Light :

1. Light doesn't require a medium to travel.

2. It travels in the vaccum with the speed of 1,86,000 miles per second.

Sound:

1. Sound rquire a medium.

2. It travels in the Air with the speed of 340 meters per second.

3. It travels Faster in Water than in Air.

4. It travels Faster in Steel than in Water. 

Compound Interest for 1 ¹⁄₂ years when interest is compounded yearly = Rs.(5304 - 5000)

Amount after 1¹⁄₂ years when interest is compounded half-yearly 


Compound Interest for 1 ¹⁄₂ years when interest is compounded half-yearly = Rs.(5306.04 - 5000)

Difference in the compound interests = (5306.04 - 5000) - (5304 - 5000)= 5306.04 - 5304 = Rs. 2.04

The single-step income statement emphasizes

1. total revenues and total expenses.

2. Revenues

3. Expenses

4. Net income

The primary advantage of the single step fromat lies in its simple presentation and the absence of any implication that one type of revenue or expense item has priority over another.