Compound Interest MCQs Quiz and Answers Tests pdf Download

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.

MCQs on Compound Interest Quiz pdf Download

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