Bank Clerk Questions

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 ::

About 150 - 200 species of plant, insect, bird and mammal become extinct every day or 24 hrs.

This is not an accurate but an estimation by U.N. Convention on Biological Diversity and Global Extinction Rates. It is also said that current extinctions were 'up to 100 times higher than the background rate.'

The nucleus of a cell contains chromosomes, which carry genetic information in a long molecule called DNA.

Genes are regions of DNA that carry the code to control a particular cell activity or the production of a particular protein.

Deep fried foods are carcinogenic because they are rich in fats.

Land is considered as an important resource because it is useful in producing many things. For example, in agriculture, land is used for cultivating the crop, in industrial use, it is used for constructing factories and to make products that we use.