Bank PO Questions

Smoking can lead to emphysema as well as strokes is the true statement regarding tobacco use. Emphysema is related to the failure of lungs air sacs and cilia that eliminate the dust from the body.

Ashok Gehlot is the new Chief Minister of Rajasthan and Sachin Pilot is his Deputy.

Alternating Current (AC) is the current in which flow of current is altered periodically whereas in DC current i.e, direct current the flow of current is only in one direction.

Some of the sources of AC current are :

1. Hydro-electric generators

2. Thermal power generators

3. Nuclear  power generators...

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.

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