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GRE Practice Test - Math - Compound Interest
GRE Practice Test - Math - Compound Interest
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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. 5000 at 2% per annum for 2 years, compounded annually?
a.
12.03
b.
202
c.
898
d.
135
2.
What will be the compound interest on Rs. 2500 at 16% per annum for 2 years 3 monthts, compounded annually?
a.
568
b.
162.13
c.
469.27
d.
998.56
3.
What will be the compound interest on Rs. 3600 at 4% per annum for 2 year 6 months, compounded annually?
a.
326
b.
115.8
c.
371.64
d.
816
4.
What will be the compound interest on Rs. 4400 at 16% per annum for 9 months, compounded quarterly?
a.
549.40
b.
563.6
c.
164.67
d.
546.12
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 4% p.a. for 3 years is Rs. 600.
a.
785.5
b.
967.6
c.
4564.5
d.
624.32
6.
Find out in what time, will Rs. 1000 become Rs. 1331 at 10% p.a. compounded annually.
a.
4
b.
6
c.
3
d.
10
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 10 % p.a. for 3 years is Rs. 186.
a.
3000
b.
6000
c.
8000
d.
7600
9.
Find the sum, if the difference between the compound interest and simple interest on a certain sum at 50 % p.a. for 4 years is Rs. 2344.
a.
652
b.
640
c.
500
d.
684
10.
Find out the principal that amounts to Rs. 5500 in 4 years at 20% p.a. compound interest compounded annually.
a.
145.424
b.
16546.53
c.
1465.06
d.
2652.40
11.
Find out the present worth of Rs. 550 due in 2 years at 2% p.a. compound interest.
a.
214.002
b.
416.86
c.
572.22
d.
440.69
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 effective annual rate of interest corresponding to a nominal rate of 8% p.a. payable half yearly.
a.
21.01%
b.
8.16%
c.
25.5%
d.
9.86%
14.
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%
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What others think about GRE Practice Test - Math - Compound Interest
By: G on Dec 26, 2010
interesting questions!
By: Sureshkumar on Aug 20, 2009
Good questions
By: iminyear4 on Nov 1, 2008
i totally didnt even read the question. i just randomley pressed buttons. i dont get a thing or what the topic even is!!!!!!!!!!!!
By: Rohit on Oct 23, 2008
This test is too long - please shorten it .
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