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Q:

A five-year promissory note with a face value of $3500, bearing interest at 11%  compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note

A) 4336.93 B) 5336
C) 6336 D) 7336
 
Answer & Explanation Answer: A) 4336.93

Explanation:

i=j/m

Maturity value = PV(1 + i)^n

Term = 5 years - 21 months=  3.25 years

Price paid = FV(1+ i )^-n

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Filed Under: Compound Interest
Exam Prep: Bank Exams
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7 8041
Q:

Countries that have same name as their capital cities?

Answer

Countries have the same name as their capital cities are ::


Andorra,


Djibouti,


Guatemala,


Kuwait,


Luxembourg,


Mexico,


Monaco,


Panama,


San Marino,


Singapore,


and


Vatican City.

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Subject: Country Capitals Exam Prep: AIEEE , Bank Exams , CAT
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23 8041
Q:

Which gas is known as "Fuel of Future" ?

A) Methane B) Oxygen
C) Neon D) Hydrogen
 
Answer & Explanation Answer: D) Hydrogen

Explanation:

Because of its being pollution free and  combustion efficient, Hydrogen gas is  called fuel of future. Because of its origin in marshy places, Methane is called as 'Marsh Gas'.

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT
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37 8037
Q:

The layer of air around the earth is known as

A) Troposphere B) Ionosphere
C) Atmosphere D) Ozone layer
 
Answer & Explanation Answer: C) Atmosphere

Explanation:

The layer of air around the earth is known as Atmosphere. And this atmosphere has 4 layers like troposhere, stratosphere, ionosphere and mesosphere.

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Filed Under: General Science
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34 8032
Q:

Which of the following pairs is mismatched? 

A) Hooke - cell theory B) van Leeuwenhoek - germ theory
C) Lister - aseptic surgery D) Jenner - vaccines
 
Answer & Explanation Answer: B) van Leeuwenhoek - germ theory

Explanation:
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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams
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16 8032
Q:

Which media have the ability to have data/information stored (written) on them by users more than once?

A) CD-R disks B) CD-RW disks
C) Zip disks D) Optical disks
 
Answer & Explanation Answer: B) CD-RW disks

Explanation:
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Filed Under: Computer
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24 8028
Q:

Wild animals are not considered a natural resource.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:

Natural resources are resources taken from nature to satisfy our needs. As wild animals are on the earth naturally, they are considered as natural resources.


 


Hence, the given statement is false.

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Subject: General Science
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

3 8018
Q:

Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?

A) Rs. 1911 B) Rs. 1909
C) Rs. 1901 D) Rs. 1907
 
Answer & Explanation Answer: C) Rs. 1901

Explanation:

P = Rs. 15225, n = 9 months = 3 quarters, R = 16% p.a. per quarter.

 

Amount = 15225x1+41003

 

= (15225 x 26/25 x 26/25 x 26/25) = Rs. 17126.05

 

=> C.I. = 17126 - 15625 = Rs. 1901.05.

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Filed Under: Compound Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

10 8014