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Q:

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

A) 146694.12 B) 13452
C) 18232 D) 15627
 
Answer & Explanation Answer: A) 146694.12

Explanation:

S=R[(1+i)^n-1]/i

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

The curved surface area of a cylindrical pillar is 264 sq.m and its volume is 924 cub.m. Find the ratio of its diameter to its height

A) 3 : 7 B) 7 : 3
C) 6 : 7 D) 7 : 6
 
Answer & Explanation Answer: B) 7 : 3

Explanation:

πr2h2πr2h = 924264  

=> r = (24/364) x 2 = 7m 

2πrh = 264   h = (264 × 722×12 ×17) = 6m   

Required Rato =2r/h  =14/6 = 7:3

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Q:

What are the data units at different layers of the TCP / IP protocol suite?

Answer

The data unit created at the application layer is called a message, at the transport layer the data unit created is called either a segment or an user datagram, at the network layer the data unit created is called the datagram, at the data link layer the datagram is encapsulated in to a frame and finally transmitted as signals along the transmission media.

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Subject: Networking
Job Role: Network Engineer

Q:

A cistern 6m long and 4 m wide contains water up to a depth of 1 m 25 cm. The total area of the wet surface is:

A) 49 B) 50
C) 53.5 D) 55
 
Answer & Explanation Answer: A) 49

Explanation:

Area of the wet surface = [2(lb + bh + lh) - lb] 

= 2(bh + lh) + lb 

= [2 (4 x 1.25 + 6 x 1.25) + 6 x 4]m2  

= 49m2

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Q:

Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years?

A) 1557.29 B) 2557.29
C) 2567 D) 2457
 
Answer & Explanation Answer: B) 2557.29

Explanation:

First find the present value of $3800,then compare present values:

 

M  = p(1+i/4)^4n

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Q:

A boat having a length 3 m and breadth 2 m is floating on a lake. The boat sinks by 1 cm when a man gets on it. The mass of the man is:

A) 12 B) 60
C) 72 D) 90
 
Answer & Explanation Answer: B) 60

Explanation:

Volume of water displaced = (3 x 2 x 0.01) = 0.06 cu.m. 

Mass of man = Volume of water displaced x Density of water

 = (0.06 x 1000) kg

 = 60 kg.

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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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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