Bank PO Questions

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

A fixture is defined as a device which holds and locates a workpiece and guides and controls one or more cutting tools.

Lopamudra was a Brahmavadini who composed some hymns of the Vedas.

Parallel construction error in the original statement. A similar form is required on each side of the comparison. " Diligence - brightness ".

A wildlife management agency sets hunting regulations in most states.

These agencies will have regular meetings where the public can voice their concerns and make suggestions. Hunters wishing to propose changes to the regulations should participate in these meetings or join a hunting organization that interacts with the agency.