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Q:

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the total amount collected at the end of the term.

A) 8125	B) 9125
C) 7125	D) 6125

Answer & Explanation Answer: C) 7125

Explanation:

total interest=1187.50*6

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

Q:

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter

A) 1187.50	B) 1234
C) 1289	D) 1345

Answer & Explanation Answer: A) 1187.50

Explanation:

I=(p x r x t)/100

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

Q:

A bank offers 9% p.a. simple interest on an investment. At the end of 4 years the interest earned was $215. How much was invested?

A) 597.22	B) 345
C) 456	D) 378

Answer & Explanation Answer: A) 597.22

Explanation:

I = (p x r x t)/100

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

Q:

Jan invested $210 with a building society in a fixed deposit account that paid 8% p.a. simple interest for 18 months. How much did she receive after the 18 months?

A) 434	B) 345
C) 235.20	D) 233.20

Answer & Explanation Answer: C) 235.20

Explanation:

I = (p x r x t)/100

I = $25.20

A = P+I

A = 235.20

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

Q:

Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum or per year) interest.

A) 59	B) 46
C) 48.75	D) 34.75

Answer & Explanation Answer: C) 48.75

Explanation:

I= $\frac{P T R}{100}$

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

Q:

What is multicast routing?

Answer

Sending a message to a group is called multicasting, and its routing algorithm is called multicast routing

Workspace

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Subject: Networking
Job Role: Network Engineer

Q:

A bag contains 4 white, 5 red and 6 blue balls. Three balls are drawn at random from the bag. The probability that all of them are red, is:

A) 2/91	B) 1/22
C) 3/22	D) 2/77

Answer & Explanation Answer: A) 2/91

Explanation:

Let S be the sample space.

Then, n(S) = number of ways of drawing 3 balls out of 15 = $15 C_{3}$ = $\frac{15 * 14 * 13}{3 * 2 * 1}$ = 455.

Let E = event of getting all the 3 red balls.

n(E) = $5 C_{3}$ = $\frac{5 * 4}{2 * 1}$ = 10.

=> P(E) = n(E)/n(S) = 10/455 = 2/91.

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Filed Under: Probability

Q:

Two cards are drawn together from a pack of 52 cards. The probability that one is a spade and one is a heart, is:

A) 3/20	B) 29/34
C) 47/100	D) 13/102

Answer & Explanation Answer: D) 13/102

Explanation:

Let S be the sample space.

Then, n(S) = $52 C_{2}$ =(52 x 51)/(2 x 1) = 1326.

Let E = event of getting 1 spade and 1 heart.

n(E)= number of ways of choosing 1 spade out of 13 and 1 heart out of 13 = $13 C_{1} * 13 C_{1}$ = 169.

P(E) = n(E)/n(S) = 169/1326 = 13/102.

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Filed Under: Probability

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