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

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The GRE 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. 8000 at 6% per annum for 3 years, compounded annually?
a.1080.19
b.1088
c.1528.13
d.4686
2. What will be the compound interest on Rs. 6400 at 4% per annum for 1 year, compounded annually?
a.256
b.385
c.1056
d.463
3. What will be the compound interest on Rs. 7500 at 6% per annum for 2 years, compounded annually?
a.120
b.230
c.927
d.358
4. 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
5. What will be the compound interest on Rs. 6500 at 4% per annum for 1 year, the interest being compounded half-yearly?
a.109.5
b.102
c.262.6
d.108
6. What will be the compound interest on Rs. 6000 at 8% per annum for 3 months, compounded quarterly?
a.235
b.350
c.120
d.665
7. 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 5% p.a. for 2 years is Rs. 1000.
a.4855
b.1025
c.1564
d.1916
8. Find out in what time, will Rs. 15625 become Rs. 21952 at 12% p.a. compounded annually.
a.5
b.6
c.3
d.1
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 effective annual rate of interest corresponding to a nominal rate of 2% p.a. payable half yearly.
a.4.67%
b.9.88%
c.2.51%
d.2.01%
12. Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 500 in 2 years and to Rs. 520 in 3 years.
a.5%
b.1%
c.4%
d.6%
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