Math Compound Interest Test 3: Master Calculations

Spread the love

Math Compound Interest Test 3: Master Interest Calculations with Confidence

Compound Interest is one of the most important concepts for financial literacy and mathematical problem-solving. At Nokryan.com Math Compound Interest Test 3 is well-equipped to assist learners in analyzing key concepts on topics that include interest formulas, cumulative interest equations, prime versus compound numbers, etc. So whether you’re studying for an exam or simply tightening up your financial knowledge, this is the guided approach you’re looking for.

Core Topics Covered

To ensure a thorough understanding, Math Compound Interest Test 3 covers a range of fundamental topics, including:

Understanding Compound Interest – Learn how interest accumulates over time and differs from simple interest.
Interest Calculation Formulas – Master the standard compound interest equation: A = P(1 + r/n)^(nt).
Cumulative Interest and Growth – Explore how compound interest impacts investments, loans, and savings.
Prime and Compound Numbers – Differentiate between these number types and their applications in mathematical operations.
Real-World Applications – Apply compound interest concepts to scenarios like banking, investments, and business calculations.

Why Take the Math Compound Interest Test 3?

Concept-Based Learning – Build a strong foundation with well-structured explanations and examples.
Step-by-Step Solutions – Follow logical breakdowns to understand interest calculations.
Practice with Realistic Scenarios – Work on problems that mirror real-life financial situations.
Self-Paced Learning – Learn at your convenience and improve problem-solving accuracy.
Performance Evaluation – Track your progress and identify areas needing improvement.

Who Should Take This Test?

Competitive Exam Aspirants – Candidates appearing for banking, finance, and job-related math assessments.
Students and Academics – Learners aiming to strengthen their grasp on financial mathematics.
Financial Enthusiasts – Individuals looking to understand compound interest for personal finance management.
Professionals and Entrepreneurs – Business owners and employees dealing with financial planning and investment strategies.

Start Practicing Today!

Nokryan.com is dedicated to making complex mathematical concepts accessible and easy to understand. Take Math Compound Interest Test 3 today to sharpen your skills and gain confidence in solving interest-related problems. Whether you’re learning for an exam or a practical application, this test is the perfect resource to elevate your mathematical proficiency. Begin your journey now and master compound interest effortlessly!

Maths Compound Interest Test.3

Quiz Instructions:

There will be 20 multiple choice question in this online test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 3 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.

1 / 20

Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?

A. Rs. 16,500

B. Rs. 16,525.50

C. Rs. 16,537.50

2 / 20

A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

A. Rs. 565.25

B. Rs. 635

C. Rs. 662.02

3 / 20

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?

A. Rs. 9000.30

B. Rs. 9720

C. Rs. 10123.20

4 / 20

Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?

A. Rs. 8600

B. Rs. 8620

C. Rs. 8800

D. Rs. 8840

E. None of these

5 / 20

Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?

A. Rs.21.60

B. Rs.24.00

C. Rs.25.20

6 / 20

Rayan invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Rayan’s investments if the interests from those investments are equal?

A. 4 : 3

B. 3 : 2

C. 6 : 5

D. 7 : 6

7 / 20

The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

A. Rs.3502.80

B. Rs.3052.40

C. Rs.3054.8

D. Rs.3052.80

8 / 20

What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

A. Rs.140

B. Rs.120

C. Rs.130

D. Rs.110

9 / 20

The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.

A. Rs.18000

B. Rs.17000

C. Rs.18500

D. Rs.17500

10 / 20

A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?

A. Rs.7500

B. Rs.7000

C. Rs.8000

D. Rs.6500

11 / 20

The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?

A. Rs.10,840

B. Rs.10,720

C. Rs.10,560

D. Rs.10,280

12 / 20

The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What would be the compound interest accured on the same amount at teh same rate in the same period? (Round off your answer to two decimal places)

A. Rs.20043.94

B. Rs.18654.81

C. Rs.20264.46

D. Rs.19612.41

13 / 20

A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.

A. Rs.500

B. Rs.250

C. Rs.5012.50

D. Rs.5062.50

E. None of these.

14 / 20

A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

A. Rs.2520

B. Rs.3120

C. Rs.3320

D. Rs.2760

15 / 20

Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?

A. 18% p.a.

B. 22% p.a.

C. 20% p.a.

D. 24% p.a.

16 / 20

Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

A. Rs.4273

B. Rs.4613

C. Rs.4064

D. Rs.4266

17 / 20

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

A. Rs.18,828.80

B. Rs.19,828.80

C. Rs.18,028.80

D. Rs.17,828.80

18 / 20

What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

A. Rs.9630

B. Rs.9680

C. Rs.9610

D. Rs.9650

E. None of these

19 / 20

Jameel invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?

A. 8% p.a.

B. 6% p.a.

C. 4% p.a.

D. 5% p.a.

20 / 20

Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?

A. Rs.460

B. Rs.5640

C. Rs.5460

D. Rs.5604

Your score is

The average score is 0%

Math Compound Interest Test 3: Master Calculations

Math Compound Interest Test 3: Master Interest Calculations with Confidence

Core Topics Covered

Why Take the Math Compound Interest Test 3?

Who Should Take This Test?

Start Practicing Today!

Maths.1 quiz

Maths.2 quiz

Physics quiz

Chemistry quiz

Biology quiz

Privacy Policy

Disclaimer

Blogs

About Us

Contact Us