Compound Interest Aptitude Test Online with Answers

Compound Interest

Read instructions carefully before starting exam.

This aptitude test has 10 MCQs on compound interest.
You have only 10 minutes to complete the test.
If you do not answer any question within the allotted time, it will be marked as incorrect.
To next question, click "Next". To previous question, click "Prev". To end the exam, click "Finish".
You must get a minimum of 50% marks to pass the exam.
Click on "Start" button to participate in exam.

N.B. Do not refresh your browser during exam time.

1 / 10

If a sum of money amounts to TK. 3200 in 2 years and TK. 3600 in 3 years, what is the rate of interest per annum compounded annually?

15%

8%

12%

10%

2 / 10

Find the compound interest on TK. 2000 for 1 year at 15% per annum compounded monthly.

TK. 315

TK. 305

TK. 300

TK. 310

3 / 10

Find the compound interest on TK. 15,000 at 8% per annum for 2 years, compounded annually.

TK. 2448

TK. 2400

TK. 2576

TK. 2512

4 / 10

What is the compound interest on TK. 5000 for 4 years at 6% per annum compounded annually?

TK. 1260

TK. 1300

TK. 1270

TK. 1240

5 / 10

Find the difference between the total amount from TK. 15000 invested for 2 years at 8% per annum simple interest and the same amount invested at 8% per annum compounded annually.

TK. 2416

TK. 2424

TK. 2480

TK. 2450

6 / 10

What is the compound interest on TK. 7500 for 2 years at 5% per annum compounded annually?

TK. 778.50

TK. 800.00

TK. 780.00

TK. 787.50

7 / 10

A sum of TK. 5000 is invested for 2 years at a simple interest rate of 6% per annum and at a compound interest rate of 5% per annum compounded annually. What is the difference in interest earned between the two methods?

TK. 170

TK. 160

TK. 150

TK. 180

8 / 10

The compound interest on TK. 5000 for 2 years at 4% per annum compounded annually is:

TK. 420

TK. 408

TK. 408.16

TK. 408.20

9 / 10

Find the rate of interest if TK. 2000 amounts to TK. 2420 in 2 years at compound interest.

20%

10%

15%

12%

10 / 10

What will be the compound interest on TK. 10,000 at 7% per annum for 1 year if compounded monthly?

TK. 708

TK. 700

TK. 717

TK. 707

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