Bank PO Questions

I = prt = [15000 × 0.07 × (214/365) ]=615.52

Future value, S = P + I = $15 000 + $615.52 = $15 615.52

Gautamiputra Satakarni has been described as the "destroyer of the Sakas, the Yavanas and the Pallavas".

The oldest generally accepted fossils of large animals range in age from 565 to 550 million years old.

A bureaucracy is a way of administratively organizing large numbers of people who need to work together.

The term bureaucracy literally means "rule by desks or offices".

Organizations in the public and private sector, including universities and governments, rely on bureaucracies to function.

The Length of the Day is determined in Astronomical Units.

The length of a day corresponds to the time the Earth takes to turn around on its axis, which is approximately 24 hours. But it's not exactly 24 hours. 

This phenomenon is due to tides raised by the Moon which slow Earth's rotation. Because of the way the second is defined, the mean length of a day is now about 86 400.002 seconds, and is increasing by about 1.7 milliseconds per century.

We have P = 15 000, r = 0.07 and since the actual date the loan was taken out
is not given, we use t =7/12

I = Prt=$15 000* 0.07* 7/12 = $612.50

Amount repaid = Future or accumulated value,

S = P + I = $15 000 + $612.50 = $15 612.50