 GMAT Practice Test  Math  Compound Interest


Coverage : 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 halfyearly on certain amount, computing simple interest, etc. 



1.  What will be the compound interest on Rs. 2000 at 12% per annum for 1 year 4 months, compounded annually?  a.   329.6  b.   239.8  c.   227  d.   118
  2.  What will be the compound interest on Rs. 7500 at 12% per annum for 1 year 4 months, compounded annually?  a.   1236  b.   1198  c.   1133  d.   4677
  3.  What will be the compound interest on Rs. 7500 at 8% per annum for 1 year, the interest being compounded halfyearly?  a.   296  b.   136  c.   147  d.   612
  4.  What will be the compound interest on Rs. 5000 at 4% per annum for 2 year, the interest being compounded halfyearly?  a.   1296.5  b.   412.16  c.   2531  d.   9407
  5.  Find out in what time, will Rs. 625 become Rs. 729 at 8% p.a. compounded annually.  a.   10  b.   3  c.   5  d.   2
  6.  Find out in what time, will Rs. 256 become Rs. 625 at 25% p.a. compounded annually.  a.   4  b.   6  c.   7  d.   3
  7.  Find out in what time, will Rs. 125 become Rs. 216 at 20% p.a. compounded annually.  a.   6  b.   3  c.   1  d.   2
  8.  Find the sum, if the difference between the compound interest and simple interest on a certain sum at 5 % p.a. for 2 years is Rs. 240.  a.   1000  b.   65000  c.   10000  d.   96000
  9.  Find the sum, if the difference between the compound interest and simple interest on a certain sum at 20 % p.a. for 2 years is Rs. 500.  a.   65000  b.   51000  c.   84000  d.   12500
  10.  Find out the principal that amounts to Rs. 2466 in 2 years at 50% p.a. compound interest compounded annually.  a.   1024  b.   1096  c.   32606  d.   55668
  11.  Find out the present worth of Rs. 720 due in 3 years at 4% p.a. compound interest.  a.   640.08  b.   1096  c.   32606  d.   55668
  12.  Find out the present worth of Rs. 1331 due in 3 years at 10% p.a. compound interest.  a.   1013  b.   1000  c.   1565  d.   356.68
  13.  Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 440 in 2 years and to Rs. 460 in 3 years.  a.   4.6%  b.   4.9%  c.   1.65%  d.   1.56%
  14.  Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 800 in 2 years and to Rs. 840 in 3 years.  a.   15%  b.   7%  c.   5%  d.   3%
 
Think you know more about this quiz! 




Know the Latest News about GMAT Practice Test  Math  Compound Interest! 


What others think about GMAT Practice Test  Math  Compound Interest  By: tanya on Apr 4, 2009  
