This is aptitude questions and answers section on Compound Interest with an explanation for various interview, competitive examinations, and entrance tests. Learn Compound Interest MCQ for online test. For Math applications, quiz questions have various Compound Interest Online Test to practice. Likewise, individuals need to learn and practice more to crack Compound Interest Quiz. These Compound Interest Aptitude MCQ Online Test Questions & Answers will give an idea about What to do and What not to do in the Compound Interest Quiz. To know more frequently asked questions in the Compound Interest Online Test refer to the entire article by scrolling down this page.
Compound Interest Online Test - Compound Interest Quiz Details
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Compound Interest Aptitude Questions
Compound Interest is the difference between the original principal and final amount. Compound Interest is similar to the Simple Interest shortcut tricks. As we know that same for some time but some cases it's different from Simple Interest. In some cases, of the Compound Interest, the interest varies according to time. So candidates before going to appear for Compound Interest Quiz should know the topics which are covered in the particular concept.
Compound Interest Formulae
Compound Interest basic terms
A = Amount
P = Principal
R = Rate of Interest
N = Number of Years
1. Interest Compounded Yearly
Amount (A) = Principal (P) X ( 1 + Rate of Interest (R) / 100 )Number of Years (N)
2. Interest Compounded Half-Yearly
Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 2 / 100 ]2 X Number of Years (N)
Principal (P) = [ 1 + Rate of Interest (R) / 200 ] 2 X Number of Years (N)
3. Interest Compounded Quarterly
Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 4 / 100 ]
Principal (P) [ 1 + Rate of Interest (R) / 400 ] 4 X Number of Years (N)
Compound Interest MCQ Quiz Answers
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