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GRE Mock exam. We covered all the GRE Mock exam in this post for free so that you can practice well for the exam.
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FREE GRE Mock test for Students
A Bank provides 10% compound interest annually. Mr. Roshan Lal deposits Rs. 2,00,000 each year without making any withdrawals. What will be the total balance in his account after four years?
(a) 8,29,020
(b) 9,42,200
(c) 10,42,020
(d) 10,72,220
(e) None of these
Option a – 8,29,020
An amount grows to Rs. 2,200 in three years and Rs. 4,400 in six years at compound interest. What was the initial principal?
(a) Rs. 1,400
(b) Rs. 1,100
(c) Rs. 1,000
(d) Rs. 1,200
(e) None of these
Option b – Rs. 1,100
What fixed annual payment will clear a debt of Rs. 10,250 in two years at 5% compound interest?
(a) 5,600
(b) 5,607.50
(c) 5,512.50
(d) 5,500
(e) None of these
Option c – 5,512.50
The Population of Suchan Kotli was 40,000 in 2015. It decreased annually by 20 per thousand. What will be the Population in 2017?
(a) 38,484
(b) 38,266
(c) 38,416
(d) 38,226
(e) None of these
Option c – 38,416
Mrs. Kalpana invested Rs. 1,50,000 in her daughter Vridhi’s name in two Bank schemes, A and B, paying 5% and 10% annual compound interest respectively. The total interest from both schemes in 2 years was Rs. 20,750. How much (in lakhs) did she invest in Scheme A?
(a) 1.0
(b) 0.80
(c) 1.20
(d) 1.40
(e) None of these
Option a – 1.0
Mrs. Asha Verma invested a sum that amounted to Rs. 82,400 in 2 years and Rs. 98,880 in 3 years at compound interest. What was the rate (%)?
(a) 10
(b) 25
(c) 20
(d) 12
(e) None of these
Option c – 20
A tree increases in height annually by one-fifth of its current height. If it is now 50 cm tall, what will its height be after 2 years?
(a) 64 cm
(b) 72 cm
(c) 66 cm
(d) 84 cm
(e) None of these
Option b – 72 cm
The simple interest on a sum for 2 years is Rs. 320, while the compound interest for the same time is Rs. 340. What is the annual rate of interest (%)?
(a) 15
(b) 14.25
(c) 12.5
(d) 10.5
(e) None of these
Option c – 12.5
The effective annual interest rate corresponding to a nominal 6% rate compounded half-yearly is approximately:
(a) 6.07%
(b) 6.08%
(c) 6.06%
(d) 6.09%
(e) None of these
Option d – 6.09%
Anamica invested Rs. 20,000 for 2 years at 4% annual compound interest. How much (Rs.) will she receive on maturity?
(a) 2,342
(b) 1,632
(c) 2,324
(d) 4,120
(e) None of these
Option b – 1,632
A sum amounts to Rs. 970.20 in 2 years at 5% annual compound interest. What is the principal?
(a) Rs. 880
(b) Rs. 904.20
(c) Rs. 924
(d) Rs. 897.60
(e) None of these
Option a – Rs. 880
How much should be invested at 4% compound interest, compounded half-yearly, to become Rs. 13,265.10 in 1½ years?
(a) Rs. 12,500
(b) Rs. 11,200
(c) Rs. 8,840
(d) Rs. 12,600
(e) None of these
Option a – Rs. 12,500
Harish borrowed a certain sum and repaid it in two annual installments of Rs. 8,820 each, at 5% compound interest. What was the borrowed amount?
(a) Rs. 18,200
(b) Rs. 16,400
(c) Rs. 12,600
(d) Rs. 14,400
(e) None of these
Option b – Rs. 16,400
Mr. Bhola Singh invested for 2 years at 14% compound interest, and the final amount was Rs. 54,583.20. What was the initial investment?
(a) 49,200
(b) 31,000
(c) 42,000
(d) 54,200
(e) None of these
Option c – 42,000
In how many months will the compound interest on Rs. 30,000 at 7% annual rate be Rs. 4,347?
(a) 12
(b) 24
(c) 36
(d) 42
(e) None of these
Option b – 24
Calculate the compound interest on Rs. 40,000 after 3 years at 11% annual rate.
(a) 14,705.24
(b) 14,602.25
(c) 14,822.26
(d) 14,322.10
(e) None of these
Option a – 14,705.24
At what annual compound interest rate will Rs. 14,000 earn Rs. 1,730.40 in 2 years?
(a) 4%
(b) 5%
(c) 6%
(d) 8%
(e) None of these
Option c – 6%
What is the minimum number of complete years required for a sum to double at 20% annual compound interest?
(a) 5
(b) 4
(c) 3
(d) 2
(e) None of these
Option b – 4
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