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Home Verbal Reasoning Arithmetic Reasoning See What Others Are Saying!
  • Question
  • "Compounding frequency" refers to


  • Options
  • A. What type of interest your account earns
  • B. How often your interest is calculated and added back into your account
  • C. What interest rate you can expect from your account
  • D. How easily you can add money into your account

  • Correct Answer
  • How often your interest is calculated and added back into your account 

    Explanation

    Compounding frequency :

    The time periods when interest will be calculated on top of the original loan amount (or) The number of compounding periods in one year.

     

    The greater the compounding frequency, the more often your interest is calculated and added back into your account.

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

    More questions

    • 1. Find the odd one out:

    • Options
    • A. Whim
    • B. Quirk
    • C. Caprice
    • D. Foible
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    • 2. 
      Water is related to oxygen as salt is to?

    • Options
    • A. Iron
    • B. Sodium
    • C. Calcium
    • D. Proteins
    • Discuss
    • 3. Which one will replace the question mark?


    • Options
    • A. 20
    • B. 26
    • C. 25
    • D. 75
    • Discuss
    • 4. 
      Your maid has invited you to her daughter's wedding, you would

    • Options
    • A. completely ignore her
    • B. attend the wedding
    • C. buy a gift for her daughter and help in wedding
    • D. congratulate her and make up some excuse for not being able to attend
    • Discuss
    • 5. 
      Statement
      Cases of road accidents are increasing constantly, particularly in the urban areas.
      Courses of Action
      I. Transport Authorities in the urban areas should impose stringent norms for maintenance of vehicles.
      II. Traffic police should severely punish those found to be violating traffic rules.

    • Options
    • A. if only I follows
    • B. If only II follows
    • C. if either I or II follows
    • D. if neither I nor II follows
    • Discuss
    • 6. Thermometer : Temperature

    • Options
    • A. Millimeter : Scale
    • B. Length : Breadth
    • C. Solar Energy : Sun
    • D. Cardiograph : Heart rate
    • Discuss
    • 7. 
      Thunder : Rain : : Night :?

    • Options
    • A. Evening
    • B. Dark
    • C. Day
    • D. Dusk
    • Discuss
    • 8. 
      Statements:
      (a) Some humane creatures are angels.
      (b) All doctors are angels.
      Conclusions:
      I. Some humane creatures are doctors.
      II. Some doctors are humane creatures.

    • Options
    • A. Only I follows
    • B. Only II follows
    • C. Either I or II follows
    • D. Neither I nor II follows
    • Discuss
    • 9. 
      'Parliament' is related to 'Great Britain' in the same way as 'Congress' is related to

    • Options
    • A. Japan
    • B. India
    • C. USA
    • D. Netherlands
    • Discuss
    • 10. 
      Which one set of letters when sequentially placed at the gaps in the given letter series shall complete it?
      BR _ _ NB _ O _ NB

    • Options
    • A. OWOW
    • B. RORO
    • C. WNWN
    • D. OWRW
    • Discuss


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