This practice GMAT test includes only GMAT compound interest, which are part of the GMAT problem solving section.
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Find the amount on $8000 in 9 months at 20% per annum, if the interest being compounded quarterly
Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is $64000?
Rony borrowed $4000 at 5% p.a compound interest. After 2 years, he repaid $2210 and after 2 more years, the balance with interest. What was the total amount that he paid as interest?
Karin gave Jony $1250 on compound interest for 2 years at 4% per annum. How much loss would Karin have suffered had she given it to Jony for 2 years at 4% per annum simple interest?
In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?
How much more would $20,000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if it is put at 20% p.a. compound interest payable yearly?
A money lender lends $2000 for six months at 20% p.a. rate. If the interest is reckoned quarterly, then find the amount given after time limit.
A sum of $1200 amount to $1320 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period.
E. Data insufficient for the answer
The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is
Find the amount on $5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year
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