Bank PO 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 ::

Tom Cat and Jerry Mouse were the two cartoon characters created by William Hanna and Joseph Barbara in 1940.

The primary agent of contact metamorphism is heat or temperature.

Indian Navy 5th largest in world.

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.