AIEEE Questions

Q:

Compounding interest means interest accrues

A) at variable rates throughout the term B) more quickly than simple interest
C) more slowly than simple interest D) at the same rate as simple interest
 
Answer & Explanation Answer: B) more quickly than simple interest

Explanation:

Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged.

Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.

The formula for calculating compound interest is:

[P (1 + i)n] – P

= P [(1 + i)n – 1]

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)


Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be:

Rs. 10,000 [(1 + 0.05)3] – 1

= 10,000 [1.157625 – 1]

= Rs. 1,576.25.

 

How it grows ::

 

compound_interest1532497613.jpg image

 

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Filed Under: Bank Interview
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Q:

2 is what percent of 50?

A) 3 B) 4
C) 2.5 D) 5
 
Answer & Explanation Answer: B) 4

Explanation:

Let p% of 50 is 2

=> p x 50/100 = 2

=> p = 4%

 

Hence, 2 is 4 percent of 50.

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Filed Under: Percentage
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Q:

Magnetism in materials is due to

A) Displacement of electrons B) Circular motion of electrons
C) Charges of neutrons D) All of the above
 
Answer & Explanation Answer: B) Circular motion of electrons

Explanation:

Magnetism in materials is due to circular motion of electrons.

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Filed Under: Physics
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Q:

Which of the following is the largest?

A) 12/49 B) 7/30
C) 13/56 D) 11/46
 
Answer & Explanation Answer: A) 12/49

Explanation:

In the given options,

12/49 can be written as 1/(49/12) = 1/4.083

7/30 can be written as 1/(30/7) = 1/4.285

13/56 can be written as 1/(56/13) = 1/4.307

11/46 can be written as 1/(46/11) = 1/4.1818

 

Here in the above,

1/4.083 has the smallest denominator and so 12/49 is the largest number or fraction.

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Filed Under: Numbers
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Q:

Salts and sugars work to preserve foods by creating a

A) Hypertonic environment B) Lower pH
C) Depletion of nutrients D) Lower osmotic pressure
 
Answer & Explanation Answer: A) Hypertonic environment

Explanation:

Salts and sugars work to preserve foods by creating a Hypertonic environment.

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Filed Under: Biology
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Q:

Factors that aid venous return include all except

A) pressure changes in the thorax B) urinary output
C) activity of skeletal muscles D) venous valves
 
Answer & Explanation Answer: B) urinary output

Explanation:
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Filed Under: Biology
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Q:

Assessing opportunity cost involves

A) choosing consequences over profits B) maximizing profit and loss
C) making choices and dealing with consequences D) Both B & C
 
Answer & Explanation Answer: C) making choices and dealing with consequences

Explanation:

Assessing opportunity cost involves making choices and dealing with consequences.

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Q:

Which country blocked wikipedia in all languages?

A) China B) Japan
C) India D) North Korea
 
Answer & Explanation Answer: A) China

Explanation:

China blocked wikipedia in all languages recently in May 2019.

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Filed Under: General Awareness
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