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GRE Quant - Simple and Compound Interest — GRE Questions & Practice

577 GRE Quant - Simple and Compound Interest questions from GRE for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong. का अभ्यास करें

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GRE Quant - Simple and Compound Interest पर अभ्यास प्रश्न — उत्तर सहित

Try each question first, then open the answer. Explanations are included.

1. Find the simple interest on a principal of $2500 at 8% per annum for 2 year(s).

  1. A399.81
  2. B382
  3. C400
  4. D474.44
उत्तर दिखाएँ

उत्तर: C

Simple Interest = (P x R x T)/100 = (2500 x 8 x 2)/100 = 400.

2. Find the amount after 3 year(s) if a principal of $10000 is invested at 4% per annum, compounded annually.

  1. A11243.64
  2. B11248.64
  3. C11249.14
  4. D11250.64
उत्तर दिखाएँ

उत्तर: B

Amount = P(1 + R/100)^T = 10000(1 + 4/100)^3 = 11248.64.

3. Find the simple interest on a principal of $3000 at 6% per annum for 1 year(s).

  1. A182
  2. B180
  3. C196.55
  4. D175.27
उत्तर दिखाएँ

उत्तर: B

Simple Interest = (P x R x T)/100 = (3000 x 6 x 1)/100 = 180.

4. Find the amount after 1 year(s) if a principal of $2000 is invested at 5% per annum, compounded annually.

  1. A2100.5
  2. B2095
  3. C2056.14
  4. D2100
उत्तर दिखाएँ

उत्तर: D

Amount = P(1 + R/100)^T = 2000(1 + 5/100)^1 = 2100.

5. Find the amount after 2 year(s) if a principal of $2500 is invested at 8% per annum, compounded annually.

  1. A2916
  2. B2915
  3. C3279.24
  4. D2510.59
उत्तर दिखाएँ

उत्तर: A

Amount = P(1 + R/100)^T = 2500(1 + 8/100)^2 = 2916.

GRE Quant - Simple and Compound Interest और प्रश्न हल करें

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