Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 237 · 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.₹6500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹6760 (b) ₹7280 (c) ₹7020 (d) ₹520
2. 2.The simple interest on ₹5000 for 4 years is ₹1000. What is the rate per year? (a) 20% (b) 4% (c) 6% (d) 5%
3. 3.₹5000 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹500 (b) ₹5100 (c) ₹5600 (d) ₹5500
4. 4.₹2500 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹2750 (b) ₹2550 (c) ₹250 (d) ₹2800
5. 5.The simple interest on ₹7500 for 2 years is ₹1200. What is the rate per year? (a) 8% (b) 7% (c) 9% (d) 16%
6. 6.₹1000 is invested at 6% per year simple interest. What is the amount after 4 years? (a) ₹240 (b) ₹1060 (c) ₹1300 (d) ₹1240
7. 7.The simple interest on ₹7500 for 4 years is ₹1200. What is the rate per year? (a) 5% (b) 16% (c) 4% (d) 3%
8. 8.What is the simple interest on ₹2000 at 6% per year for 4 years? (a) ₹2480 (b) ₹120 (c) ₹480 (d) ₹600
9. 9.The simple interest on ₹4500 for 4 years is ₹1620. What is the rate per year? (a) 8% (b) 36% (c) 9% (d) 10%
10. 10.What is the simple interest on ₹1000 at 4% per year for 4 years? (a) ₹1160 (b) ₹200 (c) ₹160 (d) ₹40
11. 11.₹7500 is invested at 9% per year simple interest. What is the amount after 2 years? (a) ₹8175 (b) ₹1350 (c) ₹8850 (d) ₹9525
12. 12.The simple interest on ₹8500 for 3 years is ₹1530. What is the rate per year? (a) 18% (b) 6% (c) 5% (d) 7%
13. 13.₹9500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹10260 (b) ₹9880 (c) ₹760 (d) ₹10640
14. 14.What is the simple interest on ₹8000 at 3% per year for 4 years? (a) ₹960 (b) ₹8960 (c) ₹240 (d) ₹1200
15. 15.₹6500 is invested at 11% per year simple interest. What is the amount after 2 years? (a) ₹7930 (b) ₹1430 (c) ₹7215 (d) ₹8645
16. 16.What is the simple interest on ₹1000 at 2% per year for 2 years? (a) ₹20 (b) ₹60 (c) ₹40 (d) ₹1040
17. 17.What is the simple interest on ₹6000 at 9% per year for 5 years? (a) ₹540 (b) ₹2700 (c) ₹8700 (d) ₹3240
18. 18.₹5000 is invested at 8% per year simple interest. What is the amount after 5 years? (a) ₹5400 (b) ₹7400 (c) ₹2000 (d) ₹7000
19. 19.The simple interest on ₹5000 for 4 years is ₹1800. What is the rate per year? (a) 10% (b) 8% (c) 36% (d) 9%
20. 20.In how many years will ₹3500 earn ₹280 simple interest at 4% per year? (a) 4 years (b) 2 years (c) 1 year (d) 3 years
21. 21.The simple interest on ₹3000 for 2 years is ₹360. What is the rate per year? (a) 5% (b) 12% (c) 6% (d) 7%
22. 22.₹8500 is invested at 12% per year simple interest. What is the amount after 5 years? (a) ₹9520 (b) ₹13600 (c) ₹5100 (d) ₹14620
23. 23.₹6500 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹1950 (b) ₹8450 (c) ₹6890 (d) ₹8840
24. 24.₹5500 is invested at 4% per year simple interest. What is the amount after 4 years? (a) ₹6380 (b) ₹5720 (c) ₹880 (d) ₹6600
25. 25.The simple interest on ₹10000 for 2 years is ₹1200. What is the rate per year? (a) 12% (b) 5% (c) 7% (d) 6%
26. 26.What is the simple interest on ₹8000 at 4% per year for 3 years? (a) ₹8960 (b) ₹1280 (c) ₹960 (d) ₹320
27. 27.What is the simple interest on ₹1000 at 3% per year for 2 years? (a) ₹1060 (b) ₹90 (c) ₹30 (d) ₹60
28. 28.In how many years will ₹6500 earn ₹1430 simple interest at 11% per year? (a) 3 years (b) 1 year (c) 4 years (d) 2 years
29. 29.₹3000 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹300 (b) ₹3060 (c) ₹3300 (d) ₹3360
30. 30.₹2500 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹100 (b) ₹2600 (c) ₹2550 (d) ₹2650
31. 31.The simple interest on ₹2000 for 5 years is ₹1100. What is the rate per year? (a) 10% (b) 11% (c) 12% (d) 55%
32. 32.₹2000 is invested at 2% per year simple interest. What is the amount after 4 years? (a) ₹160 (b) ₹2160 (c) ₹2040 (d) ₹2200
33. 33.What is the simple interest on ₹2000 at 6% per year for 5 years? (a) ₹600 (b) ₹2600 (c) ₹720 (d) ₹120
34. 34.What is the simple interest on ₹8000 at 12% per year for 5 years? (a) ₹960 (b) ₹4800 (c) ₹12800 (d) ₹5760
35. 35.₹7500 is invested at 3% per year simple interest. What is the amount after 4 years? (a) ₹8400 (b) ₹900 (c) ₹8625 (d) ₹7725
36. 36.What is the simple interest on ₹2500 at 10% per year for 5 years? (a) ₹1500 (b) ₹250 (c) ₹3750 (d) ₹1250
37. 37.₹7500 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹7950 (b) ₹8100 (c) ₹7650 (d) ₹450
38. 38.₹3500 is invested at 4% per year simple interest. What is the amount after 5 years? (a) ₹4200 (b) ₹4340 (c) ₹700 (d) ₹3640
39. 39.What is the simple interest on ₹10000 at 8% per year for 4 years? (a) ₹3200 (b) ₹13200 (c) ₹4000 (d) ₹800
40. 40.What is the simple interest on ₹3000 at 2% per year for 3 years? (a) ₹240 (b) ₹180 (c) ₹3180 (d) ₹60

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