Compound Interest Test 3

By /
Copied!

Online Aptitude Tests: Compound Interest Test 3 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.

Instructions

Welcome to our FREE online test. Beware of anyone asking for money to take this test.

Total questions: 20

Time limit: 30 minutes

Each question is worth 1 point, and there are no penalties for wrong answers.

DO NOT refresh the page.

Good luck!

Time remaining: 30:00
1. Which of the following factors influence the growth of compound interest?
  1. Principal amount
  2. Time period
  3. Frequency of compounding
  4. All of the above
2. An investment of ₹10,000 grows to ₹12,500 in 2 years. What is the annual compound interest rate?
  1. 10%
  2. 8%
  3. 12%
  4. 15%
3. What is the difference between the compound interest and the simple interest earned on ₹8,000 at 10% per annum for 3 years?
  1. ₹2,400
  2. ₹2,744
  3. ₹3,000
  4. ₹3,200
4. If the compound interest on a sum for 2 years at 8% per annum is ₹1,728, what is the sum?
  1. ₹12,000
  2. ₹11,000
  3. ₹10,000
  4. ₹9,000
5. How long will it take for an investment to double at an annual compound interest rate of 12%?
  1. Approximately 4.5 years
  2. Approximately 6 years
  3. Approximately 8 years
  4. Approximately 10 years
6. An investor deposits ₹20,000 in a savings account with an annual interest rate of 8%, compounded monthly. After 5 years, how much will the investment be worth?
  1. ₹25,000
  2. ₹28,000
  3. ₹29,658.02
  4. ₹30,000
7. A student takes out a loan of ₹30,000 to finance education expenses. The loan carries an annual interest rate of 6%, compounded quarterly. What will be the total amount owed after 4 years?
  1. ₹33,000
  2. ₹34,000
  3. ₹34,500
  4. ₹35,498.52
8. What is the effective annual rate of interest if the nominal interest rate is 9% and it is compounded monthly?
  1. 9%
  2. 9.5%
  3. Approximately 9.38%
  4. 10%
9. A company offers an investment plan with an annual interest rate of 6.5%, compounded continuously. How much will ₹25,000 grow to after 3 years?
  1. ₹28,000
  2. ₹29,000
  3. Approximately ₹31,294.17
  4. ₹32,000
10. If the compound interest on an investment of ₹40,000 at 10% per annum for 3 years is ₹15,732, what is the amount of the investment?
  1. ₹45,000
  2. ₹42,000
  3. ₹39,000
  4. ₹35,000
11. An individual invests ₹50,000 in a mutual fund with an annual interest rate of 12%, compounded quarterly. How much will the investment be worth after 5 years?
  1. ₹65,000
  2. ₹70,000
  3. ₹83,771.49
  4. ₹90,000
12. What is the compound interest earned on ₹30,000 at 9% per annum for 4 years, compounded annually?
  1. ₹12,000
  2. ₹12,942.81
  3. ₹13,500
  4. ₹14,000
13. How much more interest will ₹25,000 earn if invested at 15% compounded annually instead of semi-annually for 3 years?
  1. ₹500
  2. ₹637.26
  3. ₹750
  4. ₹900
14. An amount of ₹20,000 amounts to ₹25,000 in 3 years at a certain rate of compound interest. What is the annual rate of interest?
  1. 15%
  2. Approximately 8.33%
  3. 12%
  4. 10%
15. How long will it take for an investment of ₹35,000 to grow to ₹50,000 at an annual compound interest rate of 7%?
  1. Approximately 8 years
  2. Approximately 10.95 years
  3. Approximately 13 years
  4. Approximately 15 years
16. A sum of ₹40,000 is invested in a fixed deposit account with an annual interest rate of 6%, compounded quarterly. How much will the investment be worth after 3 years?
  1. ₹45,000
  2. ₹46,000
  3. ₹48,189.32
  4. ₹50,000
17. What is the compound interest earned on ₹50,000 at 7% per annum for 2 years, compounded semi-annually?
  1. ₹7,000
  2. ₹7,497.50
  3. ₹8,000
  4. ₹8,500
18. How much more interest will ₹60,000 earn if invested at 8% compounded annually instead of quarterly for 3 years?
  1. ₹200
  2. ₹206.73
  3. ₹250
  4. ₹300
19. An investment of ₹75,000 grows to ₹100,000 in 5 years. What is the annual compound interest rate?
  1. 25%
  2. Approximately 5.92%
  3. 20%
  4. 15%
20. How long will it take for an investment of ₹90,000 to grow to ₹120,000 at an annual compound interest rate of 8%?
  1. Approximately 7.5 years
  2. Approximately 10.24 years
  3. Approximately 12 years
  4. Approximately 15 years

Discover more from TEST

Subscribe to get the latest posts sent to your email.

Copied!
Join us
Join us

More TEST Series

Scroll to Top