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

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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.
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 half-yearly?
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 half-yearly?
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%
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By: tanya on Apr 4, 2009
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