Bank Clerk Questions

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 ::

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..!

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

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.

The given statement "All bones stop growing by the end of adolescence" is a FALSE statement.

Enzymes are macromolecular biological catalysts. Enzymes accelerate chemical reactions. The molecules upon which enzymes may act are called substrates and the enzyme converts the substrates into different molecules known as products.

Cathode rays made of beams of electrons.

NASA announced a Seven new system of Exoplanets, which are Earth-size, and could potentially hold life.These exoplanets are located outside of our solar system and orbit a star. NASA has named the system of planets after the ‘Transiting Planets and Planetesimals Small Telescope,’ which is located in Chile. This telescope first discovered three of the planets in this system in May 2016. Unlike Earth, which rotates on its axis, the planets are “tidally locked to the star.” This means that one side of the planet has only day, and one side has only night. It also means the weather conditions are unlike what we experience on Earth.