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Q:

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A) 3years	B) 2years
C) 4years	D) 6years

Answer & Explanation Answer: B) 2years

Explanation:

Amount = Rs. (30000 + 4347) = Rs. 34347.

Let the time be n years.

Then, 30000*(1+7/100)^n=34347

n= 2 years

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Exam Prep: Bank Exams
Job Role: Bank PO

Q:

What is the difference between the compound interests on Rs. 5000 for $1 \frac{1}{2}$ years at 4% per annum compounded yearly and half-yearly?

A) Rs.3.06	B) Rs.2.04
C) Rs.3.65	D) Rs.5.40

Answer & Explanation Answer: B) Rs.2.04

Explanation:

C.I. when interest compounded yearly

$R s . [5000 * (1 + \frac{4}{100}) * (1 + \frac{\frac{1}{2} * 4}{100})]$

$R s . [5000 * \frac{26}{25} * \frac{51}{50}]$

=Rs.5034

C.I. when interest iscompounded half-yearly

$R s . [5000 * {(1 + \frac{2}{100})}^{3}]$

= Rs. 5306.04

Difference = Rs. (5306.04 - 5304) = Rs. 2.04

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Q:

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate

A) Rs.4972	B) Rs.3972
C) Rs.5972	D) Rs.2972

Answer & Explanation Answer: B) Rs.3972

Explanation:

Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.

R= $\frac{100 * 60}{100 * 6}$ =10% p.a

Now, P = Rs. 12000. T = 3 years and R = 10% p.a.

C.I= $R s . [12000 * {[1 + \frac{10}{100}]}^{3} - 1]$
=Rs.3972

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Filed Under: Compound Interest
Exam Prep: Bank Exams
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Q:

What is the managed execution process?

Answer

Managed execution process is a process where CLR executes the managed code. The steps involved in this process are:

Choosing the right compiler

Compiling the code to MSIL. This also generates the required metadata.

Compile the MSIL ode to native machine code.

Executing the code with the variety of services available

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Subject: .NET

Q:

Explain how to configure Trace switches in the application’s .config file.?

Answer

switches are configured using the .config file

<system.diagnostics>

</switches>

</system.diagnostics>

both are on.

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Subject: .NET

Q:

How to create a Delegate?

Answer

public delegate void Del<T>(T item);

Del<int> d1 = new Del<int>(Notify);

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Subject: .NET

Q:

Lala lajapathi rai is the author of the book

A) India Divided	B) Hind Swaraj
C) Unhappy India	D) Mother India

Answer & Explanation Answer: C) Unhappy India

Explanation:

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Q:

What is a delegate?

Answer

A delegate declares a ref type that references a named of anonymous method. Delegates are secure and type-safe. Consider them as type safe function pointers.

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Subject: .NET

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