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Q:

What is the SI on Rs.2500/- at the rate of 12% per annum for 8 years?

A) 2200 B) 2300
C) 2400 D) 2500
 
Answer & Explanation Answer: C) 2400

Explanation:

S.I=PNR/100

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Job Role: Bank PO

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Q:

Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?

A) 1548 B) 1348
C) 1648 D) 1748
 
Answer & Explanation Answer: C) 1648

Explanation:

FV1 = Future value of $2000, 1 year later
= PV (1+  i)^n

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2 4781
Q:

The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region’s current population is 100,000, what is the expected population 10 years from now?

A) 81707 B) 91707
C) 61707 D) 71707
 
Answer & Explanation Answer: A) 81707

Explanation:

i=j/m

FV = PV(1 + i)^n

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2 4915
Q:

If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?

A) 39158 B) 49158
C) 59158 D) 69158
 
Answer & Explanation Answer: B) 49158

Explanation:

i=j/m

FV = PV(1+  i)^n

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2 3938
Q:

A five-year promissory note with a face value of $3500, bearing interest at 11%  compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note

A) 4336.93 B) 5336
C) 6336 D) 7336
 
Answer & Explanation Answer: A) 4336.93

Explanation:

i=j/m

Maturity value = PV(1 + i)^n

Term = 5 years - 21 months=  3.25 years

Price paid = FV(1+ i )^-n

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Job Role: Bank PO

7 7694
Q:

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

A) 1710.29 B) 2710.29
C) 3710.29 D) 4710.29
 
Answer & Explanation Answer: C) 3710.29

Explanation:

i=j/m

n =m(Term) = 2(15.5)  =31

Fair market value  Present value of the face value

 =FV(1+  i)^-n

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Q:

A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?

A) 1206 B) 1306
C) 1406 D) 1506
 
Answer & Explanation Answer: B) 1306

Explanation:

I  = ptr

Therefore, the total amount the owner received on January 17, 2001 was

$1295.57 + $10.47 = $1306.04

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3 5266
Q:

A subset of the database which contain virtual data that is derived from the database files but is not explicitly stored is called

A) Touple B) View
C) Relation D) Key
 
Answer & Explanation Answer: B) View

Explanation:

A view may be a subset of the database or it may contain virtual data that is derived from the database files but is not explicitly stored .

 

 

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Filed Under: Database
Job Role: Database Administration

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