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.
Compound Interest Online Test - Compound Interest Quiz Details
| Online Test Name |
Compound Interest |
| Exam Type |
Multiple Choice Questions |
| Category |
Aptitude Quiz |
| Number of Questions |
101 |
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)
