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:

What documents are used for use cases?

Answer

There are 2 documents: 


FRD (functional requirement document) 


SDD (system design document) which can also be called TRS (Technical requirements specifications) 

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Q:

If the variable $a is equal to 5 and variable $b is equal to character a, what’s the value of $$b?

Answer 100, it’s a reference to existing variable.
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Subject: PHP

0 2784
Q:

Describe Android Application Architecture.

Answer

Android Application Architecture has the following components:
* Services – like Network Operation
* Intent - To perform inter-communication between activities or services
* Resource Externalization - such as strings and graphics
* Notification signaling users - light, sound, icon, notification, dialog etc.
* Content Providers - They share data between applications

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0 2782
Q:

In the JCL, how do you define the files referred to in a subroutine ?

Answer

Supply the DD cards just as you would for files referred to in the main program.

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0 2781
Q:

How do you insert a record with a nullable column?

Answer

To insert a NULL, move -1 to the null indicator


To insert a valid value, move 0 to the null indicator


 

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0 2781
Q:

How to upload files in Amazon S3?

Answer

Amazon S3 provides uploading of large files and retrieve small offsets for end-to-end transfer data rates. The large file gets stored into small files that are smaller in size. Amazon S3 stores multiple of files together in a bundle or in a compressed form, For example in .gzip or .gz format and then convert them into Amazon S3 objects. The files get uploaded on the Amazon server by the use of FTP or another protocol and then retrieved through the HTTP GET request. The request includes the defined parameters like URL, offset (byte-range) and size (length).

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Subject: Cloud Computing

0 2780
Q:

What is reconciliation ?

Answer

You should have recorded in your cash books all amounts you have actually received and payments you have actually made. However the cash books may be incomplete as your bank may have put extra transactions through your account such as:


► bank fees or interest charges
► direct debits (payments) and direct credits (receipts).


Doing a regular bank reconciliation will allow you to:


► take into account any extra transactions your bank puts through your account and
► check and record any errors or omissions.


By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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