Practice compound interest MCQs in math quiz for test prep. Math applications quiz questions has multiple choice questions (MCQ) with compound interest test, answers as the compound interest on \$2500 for 5 years at 4% per annum (compounded annually) is, answer key with choices as \$432 , \$542 , \$642 and \$452 for competitive exam preparation worksheets. Free math revision notes to learn compound interest quiz with MCQs to find questions answers based online tests.

MCQ. Compound interest on \$2500 for 5 years at 4% per annum (compounded annually) is

1. \$432
2. \$542
3. \$642
4. \$452

B

MCQ. John invested \$8000 at 6.5% per annum compound interest which is compounded daily. amount at end of fifth year is

1. \$13,960.70
2. \$10,960.70
3. \$11,960.70
4. \$12,960.70

B

MCQ. Compound interest on \$7500 for 1 year at 8.5% per annum which is compounded monthly is

1. \$363
2. \$636
3. \$663
4. \$366

C

MCQ. Jane invests \$15000 at 5% per annum compound interest which is compounded daily. If a year is equal to 365 days then amount at end of fifth day is

1. \$15,010.28
2. \$18,010.28
3. \$16,010
4. \$14,010

A