About This Set
These 25 questions test the basic method for each type: simple interest and its P, R and T, compound interest year by year, half-yearly and quarterly compounding, the CI and SI difference, splitting a sum and paying a loan back in instalments. The types are mixed, and many wrong options here are the amount where the interest was asked, or the SI where the CI was asked, so read the last line of each question before you pick. Take about 25 minutes and try all of them before you open any explanation. Under 20 right means revising the topic sections for the ones you missed before Practice Set 2.