Compound Interest – Group 4 Topic Quiz

About this quiz

This quiz has 30 multiple-choice questions on Compound Interest, from the Aptitude (Quantitative) unit of the TNPSC Group 4 Aptitude & Mental Ability syllabus. * Time allowed: 40 minutes * Each question has four options and only one correct answer * No negative marking * Pass mark: 35% * Each answer comes with an explanation after you submit Topics covered: * Concepts and Formulae * Difference Between Compound and Simple Interest * Half-Yearly and Quarterly Compounding * Growth, Depreciation and Population Syllabus reference: Compound interest

How it works

• Move freely between questions, mark them for review and change answers until you submit.
• The clock runs until you submit. When time is up, your answers are submitted.
• Pause any time — continue later here or in the app with the time you had left.
• You won't see right or wrong while you answer.
• After you submit: your score, rank, the correct answers and explanations.
• A submitted attempt is final and cannot be changed.
• Wrong answers lose marks (negative marking).
• XP is given once; a retake earns more only if you beat your best score.

Sample questions

1. 1Which of the following best describes compound interest?

   • AInterest calculated only on the original principal for every period
   • BInterest calculated on the principal and also on the interest already added to it
   • CInterest charged only in the first year of a loan
   • DInterest that decreases by a fixed percentage every year

2. 2On the same principal at the same rate, compound interest and simple interest are equal when the time is ________.

   • A2 periods
   • B3 periods
   • Cexactly 1 period
   • Dany number of periods