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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:

What is ICMP?

Answer

ICMP is Internet Control Message Protocol, a network layer protocol of the TCP/IP suite used by hosts and gateways to send notification of datagram problems back to the sender. It uses the echo test / reply to test whether a destination is reachable and responding. It also handles both control and error messages.

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Subject: Networking
Job Role: Network Engineer

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:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33%	B) 10.33%
C) 11.33%	D) 12.33%

Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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

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:

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

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