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Q:

Calculate the effective interest rate compounded quarterly of a 13% annual rate.

A) 13.65%	B) 14.665%
C) 15.65%	D) 16.65%

Answer & Explanation Answer: A) 13.65%

Explanation:

E=(1+i/n)^n-1

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

Q:

A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13 $\frac{1}{2}$ . The rate of interest obtained is:

A) 13%	B) 12
C) 15%	D) 16%

Answer & Explanation Answer: C) 15%

Explanation:

Investment = Rs. [20 x (50 - 5)] = Rs. 900.

Face value = Rs. (50 x 20) = Rs. 1000.

Dividend = $R s . (\frac{27}{2} * \frac{1000}{100}) = R s . 135$

Interest obtained = $\frac{135}{900} * 100$ % = 15%

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Filed Under: Stocks and Shares

Q:

What is the probability that a couple with four children have atleast one girl?

A) 0.0625	B) 0.9375
C) 0.5	D) 0.0257

Answer & Explanation Answer: B) 0.9375

Explanation:

Here,n = 4(children)

P(girl)= 0.5

P(of atleast one girl)= 1 - P(no girls)

= 1 - 0.0625 = 0.9375

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Filed Under: Probability

Q:

Find the principal which yields $25,000 when invested at 3% annually for 20 years.

A) 13841.89	B) 14821
C) 13468	D) 57389

Answer & Explanation Answer: A) 13841.89

Explanation:

$P = \frac{F}{{(1 + i)}^{n}}$

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

Q:

Calculate the future value of $3,000 invested at 7% for 5 years

A) 4207.66	B) 5207
C) 4376	D) 5687

Answer & Explanation Answer: A) 4207.66

Explanation:

F=P(1+i)^n

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

Q:

What are the various components of a computer system?

Answer

1.The hardware

2.The operating system

3.The application programs

4.The users.

Workspace

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Subject: Operating Systems

Q:

If two letters are taken at random from the word HOME, what is the probability that none of the letters would be vowels?

A) 1/6	B) 1/2
C) 1/3	D) 1/4

Answer & Explanation Answer: A) 1/6

Explanation:

P(first letter is not vowel) = $\frac{2}{4}$

P(second letter is not vowel) = $\frac{1}{3}$

So, probability that none of letters would be vowels is = $\frac{2}{4} \times \frac{1}{3} = \frac{1}{6}$

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Filed Under: Probability

Q:

In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:

A) 3100	B) 6240
C) 6500	D) 9600

Answer & Explanation Answer: B) 6240

Explanation:

To obtain Rs. 10, investment = Rs. 96.

To obtain Rs. 650, investment = $R s . \frac{96 * 650}{10}$ = Rs. 6240.

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Filed Under: Stocks and Shares

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