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      Home > Quizzes and Fun Tests > GMAT Practice Tests > Free GMAT Practice Test - Math - Compound Interest

 
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 Free GMAT Practice Test - Math - Compound Interest

Welcome to the QuizMoz Free GMAT Practice Test - Math - Compound Interest. QuizMoz offers one of the Internet's largest collection of quizzes for you to tease your brain and pit your wits against the experienced QuizMoz quiz masters. Go ahead and find out what you know about yourself and the world around you. Best of luck!!

 Free GMAT Practice Test - Math - Compound Interest Facts
 Average Score for this quiz: 40.5%
 No of times this quiz has been taken: 46
 No of people passing this quiz: 16
 No of people failing this quiz: 30
 Maximum score for this quiz: 83%

Coverage
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The GMAT Practice Test - Math - Compound Interest has been designed to test the important concepts related to compound interest. The test covers important topics like determining compound interest annually or half-yearly on certain amount, computing simple interest, etc.
 Free GMAT Practice Test - Math - Compound Interest Discussion Forum
1. What will be the compound interest on Rs. 5000 at 2% per annum for 2 years, compounded annually?
a.12.03
b.202
c.898
d.135
2. Find out the compound interest on the same sum for the same period at the same rate, if the simple interest on a sum of money at 3% p.a. for 2 years is Rs. 1500.
a.785.5
b.967.6
c.1522.5
d.1199.6
3. Find out the compound interest on the same sum for the same period at the same rate, if the simple interest on a sum of money at 4% p.a. for 3 years is Rs. 600.
a.785.5
b.967.6
c.4564.5
d.624.32
4. Find out the compound interest on the same sum for the same period at the same rate, if the simple interest on a sum of money at 2% p.a. for 1 year is Rs. 875.
a.515
b.676
c.875
d.741
5. Find the sum, if the difference between the compound interest and simple interest on a certain sum at 10 % p.a. for 3 years is Rs. 186.
a.3000
b.6000
c.8000
d.7600
6. Find out the principal that amounts to Rs. 2386 in 3 years at 25/4% p.a. compound interest compounded annually.
a.1984.22
b.2656.35
c.8545.36
d.2316.80
7. Find out the effective annual rate of interest corresponding to a nominal rate of 20% p.a. payable half yearly.
a.10%
b.21%
c.15%
d.6%
8. Find out the effective annual rate of interest corresponding to a nominal rate of 4% p.a. payable half yearly.
a.4.04%
b.0.31%
c.36.8%
d.25.6%
9. Find out the effective annual rate of interest corresponding to a nominal rate of 12% p.a. payable half yearly.
a.25.44%
b.25.21%
c.96.51%
d.3.66%
10. Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 240 in 3 years and to Rs. 258 in 4 years.
a.8%
b.7.5%
c.6%
d.1.4%
11. Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 375 in 4 years and to Rs. 390 in 5 years.
a.1%
b.10%
c.9%
d.4%
12. Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 600 in 4 years and to Rs. 618 in 5 years.
a.78%
b.45%
c.9%
d.3%
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