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      Home > Quizzes and Fun Tests > GRE Practice Tests > GRE Practice Test - Math revision- 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. 7500 at 12% per annum for 1 year 4 months, compounded annually?
a.1236
b.1198
c.1133
d.4677
 
2. What will be the compound interest on Rs. 2500 at 12% per annum for 6 months, compounded quarterly?
a.1529.6
b.468.5
c.681.02
d.152.25
 
3. What will be the compound interest on Rs. 7800 at 20% per annum for 6 months, compounded quarterly?
a.799.5
b.165.6
c.568.3
d.289.3
 
4. Find out in what time, will Rs. 32 become Rs. 243 at 50% p.a. compounded annually.
a.2
b.5
c.9
d.3
 
5. 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
 
6. 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
 
7. Find out the effective annual rate of interest corresponding to a nominal rate of 6% p.a. payable half yearly.
a.4.01%
b.0.9%
c.6.09%
d.56.6%
 
8. Find out the effective annual rate of interest corresponding to a nominal rate of 12% p.a. payable half yearly.
a.25.44%
b.25.21%
c.96.51%
d.3.66%
 
9. Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 240 in 3 years and to Rs. 258 in 4 years.
a.8%
b.7.5%
c.6%
d.1.4%
 
10. Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 375 in 4 years and to Rs. 390 in 5 years.
a.1%
b.10%
c.9%
d.4%
 
11. Find out the rate of interest per annum if a sum of money invested at compound interest, amounts to Rs. 600 in 4 years and to Rs. 618 in 5 years.
a.78%
b.45%
c.9%
d.3%
 
12. 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%
 
13. find out the rate of interest per annum if a sum of money invested at compuond 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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