Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 248 · 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 ₹7500 at 6% per year for 5 years? (a) ₹2250 (b) ₹2700 (c) ₹9750 (d) ₹450
2. 2.What is the simple interest on ₹4500 at 2% per year for 4 years? (a) ₹4860 (b) ₹90 (c) ₹450 (d) ₹360
3. 3.What is the simple interest on ₹10000 at 12% per year for 2 years? (a) ₹2400 (b) ₹1200 (c) ₹3600 (d) ₹12400
4. 4.The simple interest on ₹1500 for 3 years is ₹495. What is the rate per year? (a) 11% (b) 33% (c) 12% (d) 10%
5. 5.The simple interest on ₹3000 for 2 years is ₹420. What is the rate per year? (a) 6% (b) 8% (c) 7% (d) 14%
6. 6.The simple interest on ₹9000 for 5 years is ₹900. What is the rate per year? (a) 3% (b) 10% (c) 2% (d) 1%
7. 7.What is the simple interest on ₹9000 at 5% per year for 3 years? (a) ₹450 (b) ₹10350 (c) ₹1800 (d) ₹1350
8. 8.What is the simple interest on ₹7500 at 4% per year for 2 years? (a) ₹300 (b) ₹8100 (c) ₹600 (d) ₹900
9. 9.In how many years will ₹4000 earn ₹640 simple interest at 4% per year? (a) 3 years (b) 8 years (c) 5 years (d) 4 years
10. 10.₹4000 is invested at 4% per year simple interest. What is the amount after 5 years? (a) ₹4800 (b) ₹4960 (c) ₹4160 (d) ₹800
11. 11.What is the simple interest on ₹7000 at 7% per year for 3 years? (a) ₹1470 (b) ₹490 (c) ₹1960 (d) ₹8470
12. 12.₹5500 is invested at 8% per year simple interest. What is the amount after 4 years? (a) ₹7700 (b) ₹1760 (c) ₹7260 (d) ₹5940
13. 13.₹4000 is invested at 12% per year simple interest. What is the amount after 5 years? (a) ₹2400 (b) ₹6880 (c) ₹6400 (d) ₹4480
14. 14.What is the simple interest on ₹4000 at 10% per year for 4 years? (a) ₹5600 (b) ₹1600 (c) ₹2000 (d) ₹400
15. 15.₹7000 is invested at 9% per year simple interest. What is the amount after 4 years? (a) ₹9520 (b) ₹10150 (c) ₹7630 (d) ₹2520
16. 16.The simple interest on ₹3000 for 4 years is ₹720. What is the rate per year? (a) 7% (b) 5% (c) 6% (d) 24%
17. 17.In how many years will ₹6000 earn ₹3300 simple interest at 11% per year? (a) 10 years (b) 4 years (c) 5 years (d) 6 years
18. 18.₹10000 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹1500 (b) ₹12000 (c) ₹10500 (d) ₹11500
19. 19.The simple interest on ₹3000 for 4 years is ₹1080. What is the rate per year? (a) 8% (b) 10% (c) 9% (d) 36%
20. 20.In how many years will ₹3000 earn ₹840 simple interest at 7% per year? (a) 4 years (b) 5 years (c) 3 years (d) 8 years
21. 21.What is the simple interest on ₹8000 at 11% per year for 5 years? (a) ₹5280 (b) ₹4400 (c) ₹880 (d) ₹12400
22. 22.₹5000 is invested at 6% per year simple interest. What is the amount after 2 years? (a) ₹5600 (b) ₹5300 (c) ₹600 (d) ₹5900
23. 23.₹2000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹2100 (b) ₹2600 (c) ₹500 (d) ₹2500
24. 24.What is the simple interest on ₹1000 at 4% per year for 4 years? (a) ₹1160 (b) ₹40 (c) ₹200 (d) ₹160
25. 25.What is the simple interest on ₹1000 at 8% per year for 4 years? (a) ₹320 (b) ₹1320 (c) ₹400 (d) ₹80
26. 26.In how many years will ₹2500 earn ₹500 simple interest at 4% per year? (a) 5 years (b) 6 years (c) 4 years (d) 10 years
27. 27.In how many years will ₹8500 earn ₹2550 simple interest at 6% per year? (a) 6 years (b) 4 years (c) 10 years (d) 5 years
28. 28.In how many years will ₹4500 earn ₹540 simple interest at 4% per year? (a) 4 years (b) 2 years (c) 3 years (d) 6 years
29. 29.In how many years will ₹2000 earn ₹900 simple interest at 9% per year? (a) 6 years (b) 4 years (c) 10 years (d) 5 years
30. 30.₹4000 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹4600 (b) ₹4800 (c) ₹600 (d) ₹4200
31. 31.What is the simple interest on ₹8500 at 11% per year for 4 years? (a) ₹4675 (b) ₹3740 (c) ₹12240 (d) ₹935
32. 32.₹3500 is invested at 8% per year simple interest. What is the amount after 2 years? (a) ₹4060 (b) ₹4340 (c) ₹560 (d) ₹3780
33. 33.The simple interest on ₹7500 for 3 years is ₹1800. What is the rate per year? (a) 24% (b) 7% (c) 8% (d) 9%
34. 34.₹8000 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹2400 (b) ₹10880 (c) ₹10400 (d) ₹8480
35. 35.In how many years will ₹9000 earn ₹1620 simple interest at 9% per year? (a) 1 year (b) 3 years (c) 4 years (d) 2 years
36. 36.The simple interest on ₹5000 for 4 years is ₹1800. What is the rate per year? (a) 8% (b) 36% (c) 9% (d) 10%
37. 37.The simple interest on ₹2000 for 5 years is ₹600. What is the rate per year? (a) 5% (b) 7% (c) 6% (d) 30%
38. 38.In how many years will ₹1000 earn ₹400 simple interest at 8% per year? (a) 4 years (b) 5 years (c) 6 years (d) 10 years
39. 39.The simple interest on ₹8500 for 4 years is ₹3740. What is the rate per year? (a) 12% (b) 44% (c) 10% (d) 11%
40. 40.The simple interest on ₹3500 for 2 years is ₹210. What is the rate per year? (a) 6% (b) 4% (c) 3% (d) 2%

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