{"id":486,"date":"2024-07-22T20:20:03","date_gmt":"2024-07-22T14:50:03","guid":{"rendered":"https:\/\/jobfocus.in\/test\/?p=486"},"modified":"2025-12-07T11:08:33","modified_gmt":"2025-12-07T05:38:33","slug":"compound-interest-test-2","status":"publish","type":"post","link":"https:\/\/www.jobfocus.in\/test\/aptitude\/compound-interest-test-2\/","title":{"rendered":"Compound Interest Test 2"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Online <strong>Aptitude Tests: Compound Interest Test 2<\/strong> for different Competitive Exams, Entrance Tests &amp; Job Interviews. Test yourself. Take various online tests and find out how well you score before appearing in your upcoming interviews and written tests.<\/p>\n\n\n\n<div id=\"instructionBox\">\n    <h2 style=\"text-align: center;color:#fe5555;\">Instructions<\/h2>\n    <p>Welcome to our <b style=\"color:#fe5555;\">FREE<\/b> online test. Beware of anyone asking for money to take this test.<\/p>\n    <p>Total questions: <b>20<\/b><\/p>\n    <p>Time limit: <b>30 minutes<\/b><\/p>\n    <p>Each question is worth 1 point, and there are no penalties for wrong answers.<\/p>\n    <p>DO NOT refresh the page.<\/p>\n    <p>Good luck!<\/p>\n    <center><button id=\"startButton\" onclick=\"startTest()\">Start Test<\/button><\/center>\n<\/div>\n\n<div id=\"timer\">Time remaining: <span id=\"time\">30:00<\/span><\/div>\n\n<form id=\"quizForm\">\n\n<div class=\"mcq-question\">\n    <b>1. Which of the following factors affect compound interest?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q1\" value=\"0\"> Principal amount<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q1\" value=\"0\"> Time period<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q1\" value=\"0\"> Frequency of compounding<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q1\" value=\"1\"> All of the above<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>2. An investment of \u20b910,000 grows to \u20b912,000 in 2 years. What is the annual compound interest rate?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q2\" value=\"0\"> 8%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q2\" value=\"1\"> 10%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q2\" value=\"0\"> 12%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q2\" value=\"0\"> 15%<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>3. What is the difference between the compound interest and the simple interest earned on \u20b95,000 at 8% per annum for 2 years?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q3\" value=\"0\"> \u20b9600<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q3\" value=\"1\"> \u20b9640<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q3\" value=\"0\"> \u20b9800<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q3\" value=\"0\"> \u20b91,000<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>4. If the compound interest on a sum for 2 years at 12% per annum is \u20b92,400, what is the sum?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q4\" value=\"1\"> \u20b910,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q4\" value=\"0\"> \u20b99,600<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q4\" value=\"0\"> \u20b99,800<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q4\" value=\"0\"> \u20b99,200<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>5. How long will it take for an investment to double at an annual compound interest rate of 10%?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q5\" value=\"0\"> 5 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q5\" value=\"1\"> Approximately 7 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q5\" value=\"0\"> 10 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q5\" value=\"0\"> 12 years<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>6. An investor deposits \u20b910,000 in a savings account with an annual interest rate of 6%, compounded annually. After 5 years, how much will the investment be worth?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q6\" value=\"0\"> \u20b910,600<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q6\" value=\"0\"> \u20b911,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q6\" value=\"1\"> \u20b913,382.48<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q6\" value=\"0\"> \u20b914,000<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>7. A student takes out a loan of \u20b915,000 to finance education expenses. The loan carries an annual interest rate of 8%, compounded semi-annually. What will be the total amount owed after 3 years?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q7\" value=\"0\"> \u20b918,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q7\" value=\"0\"> \u20b917,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q7\" value=\"0\"> \u20b916,500<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q7\" value=\"1\"> \u20b918,082.80<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>8. What is the effective annual rate of interest if the nominal interest rate is 10% and it is compounded quarterly?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q8\" value=\"0\"> 10%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q8\" value=\"0\"> 9.5%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q8\" value=\"1\"> Approximately 10.38%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q8\" value=\"0\"> 11%<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>9. A company offers an investment plan with an annual interest rate of 7.5%, compounded continuously. How much will \u20b920,000 grow to after 4 years?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q9\" value=\"0\"> \u20b925,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q9\" value=\"0\"> \u20b924,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q9\" value=\"1\"> Approximately \u20b927,348.56<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q9\" value=\"0\"> \u20b928,000<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>10. If the compound interest on an investment of \u20b98,000 at 12% per annum for 3 years is \u20b93,458.88, what is the amount of the investment?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q10\" value=\"0\"> \u20b911,500<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q10\" value=\"1\"> \u20b910,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q10\" value=\"0\"> \u20b99,500<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q10\" value=\"0\"> \u20b912,000<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>11. An individual invests \u20b925,000 in a mutual fund with an annual interest rate of 9%, compounded quarterly. How much will the investment be worth after 5 years?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q11\" value=\"0\"> \u20b932,500<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q11\" value=\"0\"> \u20b930,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q11\" value=\"1\"> \u20b939,017.10<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q11\" value=\"0\"> \u20b935,000<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>12. What is the compound interest earned on \u20b915,000 at 8% per annum for 3 years, compounded annually?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q12\" value=\"0\"> \u20b93,600<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q12\" value=\"1\"> \u20b93,794.88<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q12\" value=\"0\"> \u20b93,500<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q12\" value=\"0\"> \u20b94,000<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>13. How much more interest will \u20b910,000 earn if invested at 12% compounded annually instead of semi-annually for 2 years?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q13\" value=\"0\"> \u20b9100<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q13\" value=\"1\"> \u20b9148.34<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q13\" value=\"0\"> \u20b9200<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q13\" value=\"0\"> \u20b9250<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>14. An amount of \u20b98,000 is invested at an annual interest rate of 5% compounded monthly. What will be the amount after 3 years?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q14\" value=\"0\"> \u20b99,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q14\" value=\"1\"> \u20b99,561.27<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q14\" value=\"0\"> \u20b99,200<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q14\" value=\"0\"> \u20b99,500<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>15. How long will it take for an investment of \u20b920,000 to grow to \u20b930,000 at an annual compound interest rate of 6%?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q15\" value=\"0\"> Approximately 7 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q15\" value=\"1\"> Approximately 12 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q15\" value=\"0\"> Approximately 15 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q15\" value=\"0\"> Approximately 18 years<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>16. If an investment of \u20b910,000 grows to \u20b913,000 in 3 years, what is the annual compound interest rate?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q16\" value=\"0\"> 20%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q16\" value=\"1\"> Approximately 8.67%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q16\" value=\"0\"> 25%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q16\" value=\"0\"> 10%<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>17. An individual invests \u20b915,000 in a fixed deposit account with an annual interest rate of 7%, compounded quarterly. What will be the total amount after 4 years?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q17\" value=\"0\"> \u20b918,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q17\" value=\"1\"> Approximately \u20b919,579.72<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q17\" value=\"0\"> \u20b920,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q17\" value=\"0\"> \u20b921,000<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>18. What is the compound interest earned on \u20b920,000 at 10% per annum for 2 years, compounded annually?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q18\" value=\"0\"> \u20b92,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q18\" value=\"0\"> \u20b92,100<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q18\" value=\"1\"> \u20b94,000<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q18\" value=\"0\"> \u20b94,200<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>19. A sum of \u20b912,000 amounts to \u20b915,000 in 2 years at a certain rate of compound interest. What is the annual rate of interest?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q19\" value=\"0\"> 10%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q19\" value=\"1\"> Approximately 8.33%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q19\" value=\"0\"> 12%<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q19\" value=\"0\"> 15%<\/li>\n    <\/ol>\n<\/div>\n\n<div class=\"mcq-question\">\n    <b>20. How long will it take for an investment of \u20b918,000 to triple at an annual compound interest rate of 5%?<\/b>\n    <ol class=\"mcq-option\">\n        <li><input type=\"radio\" class=\"check-option\" name=\"q20\" value=\"0\"> Approximately 12 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q20\" value=\"1\"> Approximately 24 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q20\" value=\"0\"> Approximately 36 years<\/li>\n        <li><input type=\"radio\" class=\"check-option\" name=\"q20\" value=\"0\"> Approximately 48 years<\/li>\n    <\/ol>\n<\/div>\n\n\n    <button type=\"button\" id=\"submitButton\" onclick=\"submitQuiz()\">Submit<\/button>\n<\/form>\n\n<div id=\"countdown\">\n    <div class=\"result-box\" id=\"result\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Online Aptitude Tests: Compound Interest Test 2 for different Competitive Exams, Entrance Tests &amp; Job Interviews. Test yourself. Take various [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[23,61],"class_list":["post-486","post","type-post","status-publish","format-standard","hentry","category-aptitude","tag-aptitude-test","tag-compound-interest-test"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/posts\/486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/comments?post=486"}],"version-history":[{"count":3,"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/posts\/486\/revisions"}],"predecessor-version":[{"id":1007,"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/posts\/486\/revisions\/1007"}],"wp:attachment":[{"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/media?parent=486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/categories?post=486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jobfocus.in\/test\/wp-json\/wp\/v2\/tags?post=486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}