Bank Exams Questions

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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 ::

The Constitution lists 27 expressed powers of Congress. It include power to declare war, levy taxes, regulate commerce and currency.

Congress's other expressed powers are wide-ranging, including:

The power to establish rules to allow foreign-born immigrants to become citizens of the United States

The power to make rules for bankruptcies

The power to punish counterfeiters

The power to set up a national post office

The power to provide for copyrights and patents to protect the work of inventors and artists

The power to organize all federal courts below the Supreme Court

The power to punish pirates

The power to hire pirates to attack foreign enemies

The power to make rules to regulate the conduct of the armed forces

The power to call out the militia to defend the country from invasions or insurrections

The power to organize and discipline the militiary

The power to govern the federal capital (Washington, DC)

The power to acquire lands from the states for use by the federal government

The power to make all Laws which shall be necessary and proper for carrying into Execution the foregoing powers.

Why they ask this and what they are looking for:

This question "What areas would you like to further develop professionally?" will uncover whether you are interested and knowledgeable about your own development and as such will can be a cloaked attempt to discover your weaknesses.

A common target of the question is to discover how motivated you are to extend yourself. If you are motivated to learn, then you are probably more motivated to do the job well.

How to answer this:

First show that you are concerned and active about your own development. You can indicate how development has worked for your in the past.

You're right, continued learning and development is important and I continue to work to improve key skills.

Do answer the question, of course, but do not show gaping holes in your skill set and especially those in key areas required in the job. A good trick is to talk about developing your skills in new areas that will be of future benefit to the company.

For example : I am in programming now and love the work, but one day I would like to develop into a management role.

Hope this helps you..!

From the trial and error method of division,

201 is divisible by 3

205 is divisible by 5

203 is divisible by 7

Hence, after eliminating three options, remained is 211 and is divisible by only 1 and itself. 

Therefore, 211 is the smallest prime number greater than 200.

Frequency is what means how many times the event occurs in the same period.