Compound Interest 1

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Online Aptitude Tests: Compound Interest 1 for different Competitive Exams, Entrance Tests & Job Interviews. Test yourself. Take various online tests and find out how well you score before appearing in your upcoming interviews and written tests.

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Total questions: 20

Time limit: 30 minutes

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Time remaining: 30:00
1. If you invest ₹10,000 at an annual interest rate of 5% compounded annually, what will be the amount after 3 years?
  1. ₹11,000
  2. ₹11,576
  3. ₹11,576.25
  4. ₹11,500
2. What is the formula for compound interest?
  1. P(1 + r/n)nt
  2. A = P(1 + r/n)nt
  3. A = P(1 + rt)
  4. P = A(1 + r/n)nt
3. An amount of ₹15,000 is invested at an annual interest rate of 8% compounded semi-annually. What will be the amount after 2 years?
  1. ₹17,016.64
  2. ₹17,000.00
  3. ₹16,000.00
  4. ₹16,100.00
4. How often is interest compounded in an account that offers quarterly compounding?
  1. 4 times a year
  2. 2 times a year
  3. 6 times a year
  4. 12 times a year
5. A principal of ₹25,000 earns ₹5,500 as compound interest over 2 years. What is the annual interest rate if interest is compounded annually?
  1. 10%
  2. 11%
  3. 12%
  4. 15%
6. An amount of ₹20,000 is invested at an annual interest rate of 6% compounded quarterly. What will be the amount after 2 years?
  1. ₹21,200
  2. ₹21,215.36
  3. ₹21,387.42
  4. ₹21,600
7. How is the compound interest different from simple interest?
  1. Compound interest is calculated on both the initial principal and the accumulated interest, while simple interest is only calculated on the initial principal.
  2. Compound interest is always greater than simple interest.
  3. Compound interest is calculated annually, while simple interest is calculated quarterly.
  4. Compound interest is the same as simple interest.
8. What is the principal amount if the compound interest on an investment of ₹10,000 for 2 years at 8% per annum is ₹1,664?
  1. ₹15,000
  2. ₹11,664
  3. ₹12,000
  4. ₹10,664
9. If the compound interest on a certain sum for 2 years at 10% per annum is ₹1,650, what will be the compound interest on the same sum at the same rate for 3 years?
  1. ₹1,800
  2. ₹2,310
  3. ₹2,500
  4. ₹1,900
10. What is the compound interest on ₹15,000 at 10% per annum for 2 years, compounded annually?
  1. ₹3,000
  2. ₹2,750
  3. ₹3,100
  4. ₹3,200
11. At what rate of interest will ₹8,000 amount to ₹9,440 in 2 years, if the interest is compounded annually?
  1. 8%
  2. 5%
  3. 10%
  4. 6%
12. A sum of ₹12,500 amounts to ₹15,200 in 2 years at the rate of compound interest. What is the annual rate of interest?
  1. 6%
  2. 8%
  3. 10%
  4. 12%
13. If the compound interest on a certain sum for 2 years at 10% per annum is ₹1,000, what will be the compound interest on the same sum at the same rate for 3 years?
  1. ₹2,000
  2. ₹2,500
  3. ₹3,000
  4. ₹3,500
14. An amount of ₹8,000 is invested at an annual interest rate of 4% compounded quarterly. What will be the amount after 3 years?
  1. ₹9,100
  2. ₹9,400
  3. ₹9,598.42
  4. ₹9,800
15. How long will it take for an investment of ₹15,000 to grow to ₹20,000 at an annual interest rate of 8%, compounded annually?
  1. 3 years
  2. 4 years
  3. 5 years
  4. 6 years
16. An amount of ₹5,000 is invested at an annual interest rate of 10% compounded semi-annually. What will be the amount after 1 year?
  1. ₹5,500
  2. ₹5,525
  3. ₹5,600
  4. ₹5,650
17. What is the compound interest on ₹10,000 at 12% per annum for 2 years, compounded annually?
  1. ₹2,400
  2. ₹2,544
  3. ₹2,600
  4. ₹2,700
18. If ₹15,000 amounts to ₹19,500 in 2 years at a certain rate of compound interest, what is the annual rate of interest?
  1. 10%
  2. 8%
  3. 12%
  4. 15%
19. How much more interest will ₹20,000 earn if invested at 10% compounded quarterly instead of annually for 2 years?
  1. ₹100
  2. ₹200
  3. ₹250
  4. ₹300
20. An amount of ₹12,000 is invested at an annual interest rate of 8% compounded annually. What will be the amount after 3 years?
  1. ₹14,200
  2. ₹14,400
  3. ₹14,745.92
  4. ₹15,000
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