Smart Online Assessments For Serious Exam Preparation
Start Assessment ➔

What do you want to learn today?

Popular: Pharmacy SSC CGL Biology Notes Free Mock Tests Current Affairs Vocabulary
Home › Test › Mathematics Practice Quiz on Simple and Compound Interest

Mathematics Practice Quiz on Simple and Compound Interest

SoloTutes July 31, 2024839 views 20 Questions
Download PDF
⚡

Practice Mode

Solve instantly below. Get immediate feedback and detailed explanations without any timer.

Start Practice ↓
🎯

Full Exam Mode

Take this test in a strict timed environment with negative marking and detailed analytics.

Take Assessment →
Guest User
Score 0 / 20
Direction for Q.1 Choose the correct formula for simple interest
Q1. What is the formula for calculating simple interest?
Direction for Q.2 Choose the correct representation of 'P' in the formula
Q2. What does 'P' represent in the simple interest formula?
Direction for Q.3 Calculate the simple interest for given values
Q3. If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?
Direction for Q.4 Choose the correct base for compound interest
Q4. Compound interest is calculated on:
Direction for Q.5 Choose the correct formula for compound interest
Q5. What is the formula for calculating compound interest annually?
Direction for Q.6 Calculate the final amount after 3 years
Q6. If a sum of ₹2,000 is invested at an interest rate of 6% per annum compounded annually for 3 years, what will be the amount after 3 years?
Direction for Q.7 Choose the correct difference
Q7. The difference between simple interest and compound interest on ₹5,000 for 2 years at a rate of 5% per annum is:
Direction for Q.8 Choose the correct number of compounding periods
Q8. If the interest is compounded half-yearly, how many times per year is the interest compounded?
Direction for Q.9 Choose the correct number of compounding periods
Q9. In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:
Direction for Q.10 Calculate the rate of interest
Q10. A sum of money becomes ₹6,000 in 2 years and ₹6,600 in 3 years at compound interest. What is the rate of interest?
Direction for Q.11 SSC 2022 question
Q11. A sum of ₹8,000 amounts to ₹9,261 in 2 years at compound interest. What is the rate of interest?
Direction for Q.12 SSC 2019 question
Q12. The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:
Direction for Q.13 DSSSB 2020 question
Q13. In how many years will a sum of ₹1,000 become ₹1,210 at 10% compound interest per annum?
Direction for Q.14 SSC 2018 question
Q14. The difference between compound interest and simple interest on a sum of ₹5,000 for 3 years at 8% per annum is:
Direction for Q.15 DSSSB 2021 question
Q15. What is the compound interest on ₹10,000 at 5% per annum compounded yearly for 2 years?
Direction for Q.16 SSC 2021 question
Q16. At what rate of simple interest will a sum of money double itself in 12 years?
Direction for Q.17 SSC 2022 question
Q17. If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?
Direction for Q.18 SSC 2020 question
Q18. At what rate will ₹10,000 amount to ₹11,000 in 2 years at compound interest?
Direction for Q.19 SSC 2019 question
Q19. The simple interest on ₹5,000 at 8% per annum for 3 years is:
Direction for Q.20 DSSSB 2021 question
Q20. The compound interest on ₹4,000 for 2 years at 5% per annum compounded annually is:

About this Assessment

          

This test on Simple and Compound Interest contains 10+ multiple-choice questions designed to assess understanding of key financial concepts. The questions cover topics such as the formulas for simple and compound interest, the differences between them, and how interest is compounded over different periods. By completing this test, students will enhance their ability to calculate interest for various financial scenarios, solidifying their grasp of fundamental interest concepts. 

Jigisha Mehra

Written & Verified by Jigisha Mehra

Expert Faculty

Subject Matter Expert & Content Creator at Solotutes. Dedicated to providing highly accurate and syllabus-oriented study materials for your exam preparation.

View All Materials by Jigisha →
 
        

Categorized Under

💬 Discuss this Topic

Have a doubt or want to share something? Drop a comment below!

Related Similar Tests

Math Quiz : General aptitude test on Mathematics for competitive Exams

Math Quiz : General aptitude test on Mathematics for competitive…

📅 May 23, 202021.7k views

RRB Group D 2025 Question Paper – 27 November Shift 1 | Set 2 (Q26–Q50) Mathematics

RRB Group D 2025 Question Paper – 27 November Shift…

📅 February 27, 2026116 views

Ready to Practice More?

Explore notes, one-liners, and other materials related to this topic.

Mathematics: Profit And Loss, Solved Questions note

Mathematics: Profit And Loss, Solved Questions

📅 May 13, 20201.3k views View →
Basics of Simple And Compound Interest note

Basics of Simple And Compound Interest

📅 Jul 31, 2024463 views View →
Understanding Quadratic Equations: Concept, Formula, and Practice Problems note

Understanding Quadratic Equations: Concept, Formula, and Practice Problems

📅 Oct 23, 2024377 views View →
Introduction of Point slope form: Different Techniques of equation of a line note

Introduction of Point slope form: Different Techniques of equation of…

📅 Apr 10, 202319.3k views View →

📺 Watch & Learn

Visual explanations and related video classes.

🎥 Video Resources

Aptitude Preparation for Campus Placements #10 | Simple Interest | Quantitative Aptitude

Aptitude Preparation for Campus Placements #10 | Simple Interest | Quantitative Aptitude

How To Calculate Simple and Compound Interest

Top 10 questions on Compound Interest and Simple Interest

TCS NQT Aptitude :Compound Interest | Solve any Compound Interest problem in 1minute

RRB PO

Compound Interest

Scroll to Top