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 are the ways of preserving data on a Web Form in ASP.NET?

Answer

These objects provide two levels of scope:


Application State


Data stored in the application object can be shared by all the sessions of the application.


Application object stores data in the key value pair.

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Subject: .NET
Job Role: Software Architect

0 2551
Q:

How is mapreduce related to cloud computing?

Answer

The mapreduce framework contains most of the key architecture principles of cloud computing such as:


- Scale: The framework is able to expand itself in direct proportion to the number of machines available.


- Reliable: The framework is able to compensate for a lost node and restart the task on a different node.


- Affordable: A user can start small and over time can add more hardware.

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Subject: Cloud Computing

2 2548
Q:

What is the maximum size of a file that can be uploaded using PHP and how can we change this?

Answer

By default the maximum size is 2MB. and we can change the following
setup at php.iniupload_max_filesize = 2M

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Subject: PHP

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Q:

What are the dialog boxes that are supported in android? Explain.

Answer

AlertDialog : An alert dialog box supports 0 to 3 buttons and a list of selectable elements, including check boxes and radio buttons. Among the other dialog boxes, the most suggested dialog box is the alert dialog box.


ProgressDialog: This dialog box displays a progress wheel or a progress bar. It is an extension of AlertDialog and supports adding buttons.

DatePickerDialog: This dialog box is used for selecting a date by the user.

TimePickerDialog: This dialog box is used for selecting time by the user.

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1 2547
Q:

What File system is supported by Windows XP?

Answer

Windows XP supports four major file systems: FAT12, FAT16, FAT32 and NTFS. This means that Windows XP can be installed on these file systems. The use of NTFS is preferred especially when using a bigger hard drive space.

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Q:

What is Contextual Selector ?

Answer

Contextual selector addresses specific occurrence of an element.
It is a string of individual selectors separated by white space (search pattern), where only the last element in the pattern is addressed providing it matches the specified contex.

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Subject: Web Technology

2 2543
Q:

What are the different types of components involved in URI?

Answer

URI is known as Uniform Resource Identifier as it identifies the resources requested by clients and fetches them from the server. 


The components that are used in URI are as follows:


- http: is the first thing that is used in a URL and it is used to tell what kind of resource that needs to be retrieved over the server.


 This includes the server details and it is itself a protocol known as Hypertext Transfer Protocol (HTTP) that is used to fetch the information. 


- Web browsers sometimes use the secure protocol that is represented using HTTPs used in case of secure transaction over the internet. 


- FTP: is also a protocol that is known as File Transfer Protocol that allows the transfer from a file from local computer to server

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Subject: Web Technology

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