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Q:

Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

A) 1126.19	B) 1237
C) 2863	D) 1892

Answer & Explanation Answer: A) 1126.19

Explanation:

M=P(1+i)^n

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

Q:

Give an investment of $13200,compound amount of $22680.06 invested for 8 years,what is the interest rate if interest rate is compounded anually?

A) 6%	B) 5%
C) 7%	D) 8%

Answer & Explanation Answer: C) 7%

Explanation:

M = p(1+i)^n

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

Q:

A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:

A) 107.04	B) 648
C) 500	D) 648.60

Answer & Explanation Answer: B) 648

Explanation:

Number of shares = $\frac{4455}{8.25}$ = 540.

Face value = Rs. (540 x 10) = Rs. 5400.

Annual income = $R s . (\frac{12}{100} * 5400)$ = Rs. 648.

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Filed Under: Stocks and Shares

Q:

Find the time to double your investment at 6%

A) 10years	B) 11years
C) 12years	D) 13years

Answer & Explanation Answer: C) 12years

Explanation:

M=p(1+i)^n

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

Q:

A 6% stock yields 8%. The market value of the stock is:

A) 70	B) 76
C) 75	D) 80

Answer & Explanation Answer: C) 75

Explanation:

For an income of Rs. 8, investment = Rs. 100.

For an income of Rs. 6, investment = $R s . (\frac{100}{8} * 6)$ = Rs. 75.

Market value of Rs. 100 stock = Rs. 75.

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Filed Under: Stocks and Shares

Q:

What are the operating system components?

Answer

- Process management

- Main memory management

- File management

- I/O system management

- Secondary storage management

- Networking

- Protection system

- Command interpreter system

Workspace

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Subject: Operating Systems

Q:

Given a principal of $12,000 with a compound amount of $17,631.94 and interest rate of 8% compounded anually,what is the time peroid in years?

A) 3years	B) 4years
C) 5years	D) 6years

Answer & Explanation Answer: C) 5years

Explanation:

M=P(1+i)^n

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest

A) 5678	B) 4563
C) 4329	D) 6210.73

Answer & Explanation Answer: D) 6210.73

Explanation:

Bob receives 15-3 = 12 months of 3.5 % interest compounded daily

M=P(1+i/365)^365n

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

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