Quantitative ReasoningGMAT Focus Edition

GMAT Interest & Growth practice questions

Interest & Growth is a high-yield GMAT topic. Work through these practice questions to build accuracy and speed before test day.

Free Interest & Growth practice

5 sample questions

Practice Question 1easyProblem Solving

A farmer plants a crop that yields 12% more per acre than last year. If last year's yield was 1,250 bushels per acre, and the farmer plants 5 acres this year, how many bushels will the farmer harvest this year?

6,250

6,800

7,000

7,200

7,500

Practice Question 2easyProblem Solving

A startup's payroll grows by a fixed percentage each quarter. In Q1, their payroll was $100,000. By Q2, it had grown to $110,000. If this growth rate continues, what will the payroll be in Q4?

$121,000

$133,100

$146,410

$161,051

$177,156

Practice Question 3easyProblem Solving

A courier service charges a base fee of $8.50 per package plus a variable fee based on delivery distance. For packages delivered within 5 miles, the variable fee is $1.20 per mile. For packages delivered beyond 5 miles, the variable fee is $0.80 per mile for every additional mile beyond the initial 5 miles. What is the total cost to deliver a package to a location 12 miles away?

$18.10

$19.30

$20.10

$21.70

$22.90

Practice Question 4easyProblem Solving

A delivery company offers two pricing plans for packages: Plan A charges a 5.00 base fee plus 0.20 per kilogram, and Plan B charges a 3.00 base fee plus 0.30 per kilogram. For a package weighing between 10 and 20 kilograms, inclusive, which plan is cheaper on average?

Plan B is cheaper for weights below 15 kg, and Plan A is cheaper for weights above 15 kg.

Plan A is cheaper for weights below 15 kg, and Plan B is cheaper for weights above 15 kg.

Both plans cost the same at 15 kg.

Plan B is cheaper for all weights in the range.

Plan A is cheaper for all weights in the range.

Practice Question 5easyProblem Solving

A courier service offers two delivery options: Standard (2-day) at a flat rate of $10 per package, and Express (1-day) at a flat rate of $15 per package. On Monday, the service delivered 150 packages in total, collecting $1,950 in fees. How many Express deliveries were made that day?

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GMAT Interest & Growth practice questions

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