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**Questions**hide

## FREE GRE Mock Test for Students

## A bank offers a 10% interest rate compounded annually. Mr. Roshan Lal deposits Rs. 2,00,000 every year in his account. If he does not withdraw any amount, then how much balance (Rs.) with his account show 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

## A sum of money becomes Rs. 2,200 after three years and Rs. 4400 after six years on compound interest. The sum is?

(a) Rs. 1400

(b) Rs. 1100

(c) Rs. 1000

(d) Rs. 1200

(e) None of these

Option b – Rs. 1100

## What annual payment (Rs.) will discharge a debt of Rs. 10,250 due in 2 years at the rate of 5% compound interest?

(a) 5,600

(b) 5,607.50

(c) 5512.50

(d) 5,500

(e) None of these

Option c – 5512.50

## The population of the small village of Suchan Kotli, in the year 2015, was 40,000. Due to migration, the population kept going down by 20 per thousand annually. Find the population in the year 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 the name of her daughter Vridhi in two of State Bank Schemes ‘A’ and Scheme ‘B’ paying interest @ 5% & 10% compounded annually respectively. If the total amount of interest accrued on both schemes in 2 years was Rs.20,750. Find the amount invested (in lakhs) by her 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 of money, on the compounded rate of interest, which would amount to Rs. 82,400 in 2 years but Rs. 98,880 in 3 years. The rate (%) is?

(a) 10

(b) 25

(c) 20

(d) 12

(e) None of these

Option c – 20

## A tree increases annually by 1/5th of its height. If today its height is 50 cm, what will be the height after 2 years?

(a) 64 cm

(b) 72 cm

(c) 66 cm

(d) 84 cm

(e) None of these

Option b – 72 cm

## On a sum of money, simple interest for 2 years is Rs. 320, but compound interest is Rs. 340, the rate of interest being the same in both cases. The % rate of interest is :

(a) 15

(b) 14.25

(c) 12.5

(d) 10.5

(e) None of these

Option c – 12.5

## The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is approximately equal to?

(a) 6.07%

(b) 6.08%

(c) 6.06%

(d) 6.09%

(e) None of these

Option d – 6.09%

## Anamica invested an amount of Rs.20,000 in a fixed deposit scheme for 2 years at a compound interest rate 4% p.a. How much amount (Rs.) will she earn on the maturity of the fixed deposit?

(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% compound interest. The sum is

(a) Rs. 880

(b) Rs. 904.20

(c) Rs. 924

(d) Rs. 897.60

(e) None of these

Option a – Rs. 880

## What sum of money should be invested at 4% compound interest payable half-yearly so that it shall amount to Rs. 13,265.10 in 1½ years?

(a) Rs. 12500

(b) Rs. 11200

(c) Rs. 8840

(d) Rs. 12600

(e) None of these

Option a – Rs. 12500

## Harish borrowed some money and paid it back in two annual installments of Rs.8,820 each paying 5% compounded interest. The sum borrowed by him was :

(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 a certain sum for 2 years at 14% compounded annually which would grow to Rs.5,4583.20. Find his investments.

(a) 49,200

(b) 31,000

(c) 42,000

(d) 54,200

(e) None of these

Option c – 42,000

## In how many months, is annual compound interest on Rs. 30,000 at 7% p.a. Rs. 4,347?

(a) 12

(b) 24

(c) 36

(d) 42

(e) None of these

Option b – 24

## Find compound interest (Rs.) on a sum of Rs. 40,000 after 3 years at the rate of 11% p.a.

(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 rate of annual compound interest a sum of Rs. 14,000 earns Rs. 1730.40 in 2 years? ( GRE Mock Exam )

(a) 4%

(b) 5%

(c) 6%

(d) 8%

(e) None of these

Option c – 6%

## What will be the minimum number of complete years in which a sum of money lent out at 20% compound interest will earn equal to itself?

(a) 5

(b) 4

(c) 3

(d) 2

(e) None of these

Option b – 4

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