Interview 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
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Explain the basic difference between 32-bit and 64-bit operating system?

Answer

A 32 bit processor is faster than a 64 bit processor, 64 bit processors are very commonly used that you can find it easily in any home pc but the main difference is the hardware you are having on your machine. For 32 bits there isn't any need of any wide main bus to carry 32 bits at a time but for 64 bits its must that you should have a wider bus to carry 64bits.

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Q:

What is Dimensional Modeling?

Answer

Dimensional modeling is often used in Data warehousing. In simpler words it is a rational or consistent design technique used to build a data warehouse. DM uses facts and dimensions of a warehouse for its design. A snow and star flake schema represent data modeling.

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Q:

You are a tester. Now How will you choose which defect to remove in 1000000 defects?

Answer

First thing testers are not responsible for fixing the bug they are only responsible for debugging the bug and prioritizing those bugs. These bugs are now reported in bug report template with the severity and priority of the bug. Tester assigns severity level to the defects depending upon their impact on other parts of application. Every bug has its severity and priority values assign by tester. If a defect does not allow you to go ahead and test the product, it is critical one so it has to be fixed as soon as possible. We have 5 levels as:


 


Critical


High


Medium


Low


Cosmetic

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Subject: QA Testing

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Q:

What’s the difference between htmlentities() and htmlspecialchars()?

Answer

Htmlentities() converts all applicable characters to HTML entities. While htmlspecialcharacter()converts special characters to HTML entities. This means htmlentities( ) will check for non English language characters, such as French accents, the German umlaut, etc.

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Subject: PHP

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Q:

What CICS command do you need to obtain the user logon-id?

Answer

You must code EXEC CICS ASSIGN with the OPENID option.


 

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Q:

What is the most difficult part of administrative assistant job?

Answer

The intention of the interviewer by asking this question is to discover the pain points for the candidate.


 


Here this can be explained with an example like this :


The administrative assistant might seem like someone whose job is simply keeping everything filed and organized and scheduled. But they actually are the building block of the entire office, making everyone's lives function more smoothly and with good access to information when they need it.


 


Sometimes I have so many things crossing my desk at a given time that I can get a bit overwhelmed. When this happens I take a deep breath and focus on prioritizing the work. Then I get a clear head again and can dive back in.

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Q:

What exactly do you mean by UDP?

Answer

UDP (User Datagram Protocol) is a communications protocol that offers a limited amount of service when messages are exchanged between computers in a network that uses the Internet Protocol (IP).

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