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

Intenders should note that correctly calculating the compound interest problems can help you build a professional career. Compound Interest Quiz Questions are pretty common in various professional exams, including SSC, IBPS, SBI, RRB, etc. To make things easier for applicants, allindiaexams.in team members has launched a wide range of compound interest multiple choice questions and answers. Every aspirant before going to participate in any competitive exams must refer our site allindiaexams.in. Because no one can find such a huge amount of practice sessions in any other sites.

### 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)

(or) 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 ]

(or) Principal (P) [ 1 + Rate of Interest (R) / 400 ] 4 X Number of Years (N)

### Compound Interest MCQ Quiz Answers

Contenders one thing should remember that, people who are preparing Compound Interest MCQ Quiz on this allindiaexams.in site those individuals no need to wait to check their answers till the end of the test. Because on our site applicants can check Compound Interest Quiz Answers for every particular question without any hesitation.

Online Test Name |
Compound Interest |

Exam Type |
Multiple Choice Questions |

Category |
Aptitude Quiz |

Number of Questions |
101 |

Intenders should note that correctly calculating the compound interest problems can help you build a professional career. Compound Interest Quiz Questions are pretty common in various professional exams, including SSC, IBPS, SBI, RRB, etc. To make things easier for applicants, allindiaexams.in team members has launched a wide range of compound interest multiple choice questions and answers. Every aspirant before going to participate in any competitive exams must refer our site allindiaexams.in. Because no one can find such a huge amount of practice sessions in any other sites.

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)

(or) 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 ]

(or) Principal (P) [ 1 + Rate of Interest (R) / 400 ] 4 X Number of Years (N)

1. Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?
### Answer & Explanation

### Workspace

### Report Error

Answer: Option A

Explanation:

A = 8000(21/20)^{3}

Â Â Â = 9261

Â Â Â = 8000

Â Â Â Â ---------

Â Â Â Â Â 1261

2. If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is?
### Workspace

### Report Error

3. Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.
### Answer & Explanation

### Workspace

### Report Error

Answer: Option C

Explanation:

A = 5000(51/50)^{3}

Â Â Â = 5306.04

Â Â Â Â 5000

Â Â Â Â -----------

Â Â Â Â Â Â 306.04

4. Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?
### Answer & Explanation

### Workspace

### Report Error

Answer: Option D

Explanation:

9261 = 8000(21/20)^{N}

(21/20)^{3} = (21/20)^{N} =>
N = 3

5. At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?
### Answer & Explanation

### Workspace

### Report Error

Answer: Option A

Explanation:

A = 20000(11/10)^{3}

Â Â Â = 26620

Â Â Â = 20000

Â Â Â Â ----------

Â Â Â Â Â 6620