Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 185 · 40 questions

How to solve it (P × R × T ÷ 100): Simple interest = P × R × T ÷ 100 (P = principal, R = rate % per year, T = years). Amount = principal + interest. Rate = SI × 100 ÷ (P × T); time = SI × 100 ÷ (P × R).

1. 1.What is the simple interest on ₹5500 at 2% per year for 5 years? (a) ₹6050 (b) ₹110 (c) ₹660 (d) ₹550
2. 2.In how many years will ₹2000 earn ₹80 simple interest at 2% per year? (a) 3 years (b) 4 years (c) 1 year (d) 2 years
3. 3.In how many years will ₹5500 earn ₹825 simple interest at 5% per year? (a) 3 years (b) 4 years (c) 2 years (d) 6 years
4. 4.What is the simple interest on ₹1500 at 9% per year for 4 years? (a) ₹135 (b) ₹540 (c) ₹675 (d) ₹2040
5. 5.The simple interest on ₹6500 for 3 years is ₹975. What is the rate per year? (a) 15% (b) 4% (c) 6% (d) 5%
6. 6.The simple interest on ₹8500 for 5 years is ₹2975. What is the rate per year? (a) 6% (b) 8% (c) 7% (d) 35%
7. 7.In how many years will ₹6000 earn ₹3000 simple interest at 10% per year? (a) 10 years (b) 6 years (c) 4 years (d) 5 years
8. 8.₹8500 is invested at 8% per year simple interest. What is the amount after 2 years? (a) ₹10540 (b) ₹9860 (c) ₹9180 (d) ₹1360
9. 9.What is the simple interest on ₹5500 at 7% per year for 4 years? (a) ₹1540 (b) ₹1925 (c) ₹7040 (d) ₹385
10. 10.₹9500 is invested at 3% per year simple interest. What is the amount after 3 years? (a) ₹10640 (b) ₹855 (c) ₹9785 (d) ₹10355
11. 11.In how many years will ₹1000 earn ₹550 simple interest at 11% per year? (a) 6 years (b) 4 years (c) 5 years (d) 10 years
12. 12.₹3000 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹3300 (b) ₹300 (c) ₹3150 (d) ₹3450
13. 13.What is the simple interest on ₹7000 at 2% per year for 2 years? (a) ₹7280 (b) ₹140 (c) ₹280 (d) ₹420
14. 14.₹9500 is invested at 9% per year simple interest. What is the amount after 2 years? (a) ₹11210 (b) ₹10355 (c) ₹12065 (d) ₹1710
15. 15.In how many years will ₹7000 earn ₹1540 simple interest at 11% per year? (a) 4 years (b) 2 years (c) 3 years (d) 1 year
16. 16.What is the simple interest on ₹2500 at 11% per year for 5 years? (a) ₹275 (b) ₹1375 (c) ₹1650 (d) ₹3875
17. 17.₹5500 is invested at 11% per year simple interest. What is the amount after 2 years? (a) ₹6105 (b) ₹1210 (c) ₹7315 (d) ₹6710
18. 18.The simple interest on ₹10000 for 5 years is ₹3500. What is the rate per year? (a) 35% (b) 6% (c) 7% (d) 8%
19. 19.What is the simple interest on ₹6000 at 11% per year for 4 years? (a) ₹3300 (b) ₹8640 (c) ₹660 (d) ₹2640
20. 20.₹2500 is invested at 12% per year simple interest. What is the amount after 3 years? (a) ₹3400 (b) ₹2800 (c) ₹900 (d) ₹3700
21. 21.In how many years will ₹6500 earn ₹1040 simple interest at 4% per year? (a) 3 years (b) 5 years (c) 8 years (d) 4 years
22. 22.What is the simple interest on ₹2500 at 4% per year for 3 years? (a) ₹2800 (b) ₹100 (c) ₹400 (d) ₹300
23. 23.₹5500 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹5775 (b) ₹6325 (c) ₹6050 (d) ₹550
24. 24.What is the simple interest on ₹5000 at 2% per year for 5 years? (a) ₹100 (b) ₹5500 (c) ₹600 (d) ₹500
25. 25.In how many years will ₹10000 earn ₹600 simple interest at 2% per year? (a) 4 years (b) 6 years (c) 2 years (d) 3 years
26. 26.₹7000 is invested at 7% per year simple interest. What is the amount after 3 years? (a) ₹8960 (b) ₹1470 (c) ₹7490 (d) ₹8470
27. 27.What is the simple interest on ₹9500 at 5% per year for 4 years? (a) ₹475 (b) ₹1900 (c) ₹11400 (d) ₹2375
28. 28.₹3500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹3640 (b) ₹280 (c) ₹3920 (d) ₹3780
29. 29.What is the simple interest on ₹7000 at 7% per year for 3 years? (a) ₹8470 (b) ₹1960 (c) ₹1470 (d) ₹490
30. 30.In how many years will ₹7000 earn ₹700 simple interest at 5% per year? (a) 4 years (b) 1 year (c) 2 years (d) 3 years
31. 31.What is the simple interest on ₹8000 at 4% per year for 5 years? (a) ₹9600 (b) ₹1920 (c) ₹1600 (d) ₹320
32. 32.What is the simple interest on ₹1500 at 3% per year for 4 years? (a) ₹180 (b) ₹45 (c) ₹225 (d) ₹1680
33. 33.In how many years will ₹9000 earn ₹3150 simple interest at 7% per year? (a) 5 years (b) 10 years (c) 4 years (d) 6 years
34. 34.What is the simple interest on ₹8500 at 10% per year for 4 years? (a) ₹11900 (b) ₹4250 (c) ₹3400 (d) ₹850
35. 35.What is the simple interest on ₹8000 at 11% per year for 3 years? (a) ₹3520 (b) ₹880 (c) ₹10640 (d) ₹2640
36. 36.What is the simple interest on ₹4000 at 6% per year for 2 years? (a) ₹240 (b) ₹480 (c) ₹720 (d) ₹4480
37. 37.What is the simple interest on ₹6500 at 11% per year for 3 years? (a) ₹715 (b) ₹8645 (c) ₹2860 (d) ₹2145
38. 38.₹7000 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹7210 (b) ₹420 (c) ₹7630 (d) ₹7420
39. 39.In how many years will ₹3000 earn ₹600 simple interest at 10% per year? (a) 2 years (b) 3 years (c) 4 years (d) 1 year
40. 40.₹8500 is invested at 12% per year simple interest. What is the amount after 3 years? (a) ₹11560 (b) ₹9520 (c) ₹3060 (d) ₹12580

Free maths olympiad lessons, practice and worksheets at talentjr.in/maths-olympiad