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

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Coverage
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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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