This practice GMAT test includes only compound interest questions, which are part of the GMAT problem solving section.
End Test Now
A sum of money deposited at C.I. amounts to $2420 in 2 years and to $2662 in 3 years. Find the rate percent
A. 10%
B. 7 ½%
C. 8%
D. 5%
E. 11%
Find the sum lend at C.I. at 5 p.c per annum will amount to $441 in 2 years
A. $380
B. $400
C. $420
D. $375
E. $360
A property decreases in value every year at the rate of % of its value at the beginning of the year. Its value at the end of 3 years was $21093.95. Find its value at the beginning of the first year.
A. $18600
B. $25600.24
C. $32000.50
D. $18060.36
E. $24000.56
Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?
A. 4 years
B. 1 years
C. 2 years
D. 6 years
E. 3 years
The difference between simple interest and C.I. at the same rate for $5000 for 2 years is $72. The rate of interest is
B. 8%
C. 12%
D. 8%
E. 14%
The difference between the compound and simple interest on a certain sum of money for 3 years at 6.66% p.a is $184. Find the sum
A. $13500
B. $14200
C. $17520
D. $12000
E. $13000
A sum of money is put out at compound interest for 2 years at 20%. It would fetch $482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.
A. $1000
B. $2000
C. $1250
D. $4000
E. $2500
The difference between the compound interest and S.I. on a certain sum of money for 2 years at 10% per annum is $15. Find the sum of money
A. 1800
B. 2100
C. 1500
D. 1950
E. 1600
The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is $144. find the principal
A. $3900
B. $3000
C. $3300
D. $3600
E. $3400
What sum of money put at C.I amounts in 2 years to $8820 and in 3 years to $9261
A. $8200
B. $8400
C. $8000
D. $7500
E. None
When you are sure that you have answered as many questions as possible, click the ‘Done’ button below and view your results.
