GMAT Interest — practice questions

Explore 2 free Interest questions in GMAT Quantitative Reasoning. Open each question or exercise to read its content, reference answers and available explanation.

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Interest questions and exercises with answers

Showing questions 1–2 of 2.

Simple interest on ₹2000 at 5% for 3 years:Read the answer and worked solution →Compound interest on ₹1000 at 10% for 2 years:Read the answer and worked solution →

Worked practice questions

Simple interest on ₹2000 at 5% for 3 years:

₹300
₹250
₹350
₹200

Show answer and solution

Correct answer: A. ₹300

1. SI = PRT/100 = 2000·5·3/100 = 300. _Source: 501-GMAT-Questions Section 4 / Manhattan Quant Bank_

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Compound interest on ₹1000 at 10% for 2 years:

₹200
₹210
₹220
₹250

Show answer and solution

Correct answer: B. ₹210

1. A = 1000(1.1)^2 = 1210. 2. CI = 1210 − 1000 = 210. _Source: 501-GMAT-Questions Section 4 / Manhattan Quant Bank_

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