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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=F1+in

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

Q:

The probability that a card drawn at random from the pack of playing cards may be either a queen or an ace is:

A) 9/13 B) 11/13
C) 2/13 D) None of these
 
Answer & Explanation Answer: C) 2/13

Explanation:

Number of queen cards = 4

Number of ace cards = 4

 P(either a queen or ace) = 4/52 + 4/52= 8/52 = 2/13

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Filed Under: Probability

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 is SCSI?

Answer

SCSI - Small computer systems interface is a type of interface used for computer components such as hard drives, optical drives, scanners and tape drives. It is a competing technology to standard IDE (Integrated Drive Electronics).

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Q:

Explain the concept of the Distributed systems?

Answer

Distributed systems work in a network. They can share the network resources,communicate with each other.

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Q:

What is difference between ARP and RARP?

Answer

The address resolution protocol (ARP) is used to associate the 32 bit IP address with the 48 bit physical address, used by a host or a router to find the physical address of another host on its network by sending a ARP query packet that includes the IP address of the receiver.


The reverse address resolution protocol (RARP) allows a host to discover its Internet address when it knows only its physical address

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Subject: Networking
Job Role: Network Engineer

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.

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Q:

Derrick's dad bought new tires for $900 using a credit card. His card has an interest rate of 19%. If he has no other charges on his card and does not pay off his balance at the end of the month, how much money will he owe after one month?

A) 11.25 B) 13.25
C) 14.25 D) 15.25
 
Answer & Explanation Answer: C) 14.25

Explanation:

I=prt

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