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      Home > Quizzes and Fun Tests > GRE Practice Tests > Free GRE Test Practice Questions 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 2 year, the interest being compounded half-yearly?
a.1329.6
b.1005
c.1004.07
d.1008
2. 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
3. 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
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 3% p.a. for 2 years is Rs. 1500.
a.785.5
b.967.6
c.1522.5
d.1199.6
5. 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
6. 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
7. 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
8. Find out the principal that amounts to Rs. 4800 in 2 years at 25/6% p.a. compound interest compounded annually.
a.4556324
b.9885.53
c.4685.06
d.4423.68
9. 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
10. Find out the present worth of Rs. 475 due in 2 years at 5% p.a. compound interest.
a.430.84
b.146.26
c.6868.3
d.1686.5
11. 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%
12. 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%
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