Compound Interest MCQs Test and Answers pdf Download

Practice compound interest MCQs and math for test prep and learning. Free math applications notes has multiple choice questions (MCQ) with compound interest quiz as compound interest on $2500 for 5 years at 4% per annum (compounded annually) is with answering options $432 , $542 , $642 and $452 for exam preparation. Study to learn compound interest quiz with MCQs to find questions answers based online tests.

MCQs on Compound Interest

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