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Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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

Q:

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A) 8695 B) 7695
C) 3695 D) 4695
 
Answer & Explanation Answer: A) 8695

Explanation:

Given: j = 4%, m=  12, FV = $10,000, Term=  3.5 years
Then n  =m  *Term  12(3.5)  42

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

Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

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

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

Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 19296 B) 19396
C) 19496 D) 19596
 
Answer & Explanation Answer: A) 19296

Explanation:

The single equivalent payment will be PV + FV.
FV = Future value of $10,000, 12 months later
 $10,000 *(1.0075)/12
 $10,938.07
PV=  Present value of $10,000, 24 months earlier
 $10,000/(1.0075)24
 $8358.31
The equivalent single payment is
$10,938.07 + $8358.31 = $19,296.38

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

Q:

Suppose 7 students are staying in a hall in a hostel and they are allotted 7 beds. Among them, Parvin does not want a bed next to Anju because Anju snores. Then, in how many ways can you allot the beds?

A) 2400 B) 6400
C) 3600 D) 7200
 
Answer & Explanation Answer: C) 3600

Explanation:

Let the beds be numbered 1 to 7.

 

Case 1 : Suppose Anju is allotted bed number 1. 

Then, Parvin cannot be allotted bed number 2. 

So Parvin can be allotted a bed in 5 ways. 

After alloting a bed to Parvin, the remaining 5 students can be allotted beds in 5! ways.

So, in this case the beds can be allotted in 5´5!ways = 600 ways.

 

Case 2 : Anju is allotted bed number 7. 

Then, Parvin cannot be allotted bed number 6 

As in Case 1, the beds can be allotted in 600 ways.

 

Case 3 : Anju is allotted one of the beds numbered 2,3,4,5 or 6. 

Parvin cannot be allotted the beds on the right hand side and left hand side of Anju’s bed. For example, if Anju is allotted bed number 2, beds numbered 1 or 3 cannot be allotted to Parvin.

Therefore, Parvin can be allotted a bed in 4 ways in all these cases.

After allotting a bed to Parvin, the other 5 can be allotted a bed in 5! ways.

Therefore, in each of these cases, the beds can be allotted in 4´ 5! = 480 ways. 

The beds can be allotted in (2x 600 + 5 x 480)ways = (1200 + 2400)ways = 3600 ways

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Q:

Suppose you want to arrange your English, Hindi, Mathematics, History, Geography and Science books on a shelf. In how many ways can you do it?

A) 360 B) 780
C) 720 D) 240
 
Answer & Explanation Answer: C) 720

Explanation:

We have to arrange 6 books.

The number of permutations of n objects is n! = n. (n – 1) . (n – 2) ... 2.1

Here n = 6 and therefore, number of permutations is 6.5.4.3.2.1 = 720

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Q:

What scheme does the Kernel in Unix System V follow while choosing a swap device among the multiple swap devices?

Answer

Kernel follows Round Robin scheme choosing a swap device among the multiple swap devices in Unix System V.

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Subject: Operating Systems Exam Prep: GATE

Q:

A box contains 2 white balls, 3 black balls and 4 red balls. In how many ways can 3 balls be drawn from the box, if at least one black ball is to be included in the draw?

A) 48 B) 64
C) 63 D) 45
 
Answer & Explanation Answer: B) 64

Explanation:

We may have(1 black and 2 non-black) or (2 black and 1 non-black) or (3 black).

 

Required number of ways=3C1*6C2+3C2*6C1+3C3 = (45 + 18 + 1) =64

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