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Q:

Some envelops are gums. Some gums are seals. Some seals are adhesives.

Conclusions:

1. Some envelops are seals

2. Some gums are adhesives

3. Some adhesives are seals

4. Some adhesives are gums

A) Only 3 B) Only 1
C) Only 2 D) Only 4
 
Answer & Explanation Answer: A) Only 3

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: GRE

Q:

Some boys are men. No man is black

Conclusions:

1. Some boys are not black

2. Some men are boys

A) Only 1 follows B) Only 2 follows
C) Either 1 or 2 follows D) Neither 1 nor 2 follows
 
Answer & Explanation Answer: A) Only 1 follows

Explanation:

Since one premise is negative , the conclusion must be negative. so 2 does not follow and only 1 follows

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Filed Under: Statement and Conclusions
Exam Prep: GRE

Q:

Determine the nominal rate of interest if:

The periodic rate is 0.83% per month

A) 7% B) 8%
C) 9% D) 10%
 
Answer & Explanation Answer: D) 10%

Explanation:

j=mi

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

Determine the nominal rate of interest if:
The periodic rate is 1.75% per quarter.

A) 7% B) 8%
C) 9% D) 10%
 
Answer & Explanation Answer: A) 7%

Explanation:

j=mi

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:0.7

A) 9 B) 10
C) 11 D) 12
 
Answer & Explanation Answer: D) 12

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:2.1

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: D) 4

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

Calculate the periodic interest rate corresponding to:9.0% compounded quarterly

A) 3.45 B) 2.25
C) 5.25 D) 6.25
 
Answer & Explanation Answer: B) 2.25

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

The periodic interest rate corresponding to: 9.75% compounded semiannually

A) 4.875 B) 3.785
C) 4.865 D) 4.975
 
Answer & Explanation Answer: A) 4.875

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO