Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 256 · 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.₹1500 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹90 (b) ₹1620 (c) ₹1530 (d) ₹1590
2. 2.The simple interest on ₹1500 for 5 years is ₹900. What is the rate per year? (a) 13% (b) 11% (c) 12% (d) 60%
3. 3.In how many years will ₹5500 earn ₹1320 simple interest at 6% per year? (a) 8 years (b) 3 years (c) 5 years (d) 4 years
4. 4.The simple interest on ₹5000 for 3 years is ₹600. What is the rate per year? (a) 3% (b) 5% (c) 12% (d) 4%
5. 5.The simple interest on ₹6000 for 2 years is ₹720. What is the rate per year? (a) 6% (b) 5% (c) 12% (d) 7%
6. 6.In how many years will ₹7000 earn ₹1400 simple interest at 5% per year? (a) 5 years (b) 8 years (c) 4 years (d) 3 years
7. 7.What is the simple interest on ₹9000 at 9% per year for 4 years? (a) ₹3240 (b) ₹12240 (c) ₹810 (d) ₹4050
8. 8.The simple interest on ₹3500 for 3 years is ₹1050. What is the rate per year? (a) 10% (b) 9% (c) 30% (d) 11%
9. 9.The simple interest on ₹9500 for 5 years is ₹1900. What is the rate per year? (a) 5% (b) 3% (c) 4% (d) 20%
10. 10.In how many years will ₹9500 earn ₹2280 simple interest at 12% per year? (a) 4 years (b) 1 year (c) 2 years (d) 3 years
11. 11.In how many years will ₹7000 earn ₹2450 simple interest at 7% per year? (a) 5 years (b) 4 years (c) 10 years (d) 6 years
12. 12.In how many years will ₹6500 earn ₹1560 simple interest at 12% per year? (a) 2 years (b) 4 years (c) 3 years (d) 1 year
13. 13.In how many years will ₹8500 earn ₹1020 simple interest at 6% per year? (a) 3 years (b) 1 year (c) 2 years (d) 4 years
14. 14.₹3000 is invested at 3% per year simple interest. What is the amount after 3 years? (a) ₹3360 (b) ₹3270 (c) ₹270 (d) ₹3090
15. 15.What is the simple interest on ₹8000 at 7% per year for 5 years? (a) ₹3360 (b) ₹560 (c) ₹2800 (d) ₹10800
16. 16.₹3000 is invested at 4% per year simple interest. What is the amount after 5 years? (a) ₹600 (b) ₹3120 (c) ₹3600 (d) ₹3720
17. 17.What is the simple interest on ₹4500 at 10% per year for 4 years? (a) ₹6300 (b) ₹450 (c) ₹2250 (d) ₹1800
18. 18.What is the simple interest on ₹5000 at 2% per year for 3 years? (a) ₹400 (b) ₹5300 (c) ₹300 (d) ₹100
19. 19.What is the simple interest on ₹6000 at 9% per year for 3 years? (a) ₹540 (b) ₹2160 (c) ₹1620 (d) ₹7620
20. 20.In how many years will ₹3500 earn ₹1155 simple interest at 11% per year? (a) 4 years (b) 6 years (c) 2 years (d) 3 years
21. 21.The simple interest on ₹5000 for 3 years is ₹900. What is the rate per year? (a) 6% (b) 18% (c) 5% (d) 7%
22. 22.What is the simple interest on ₹10000 at 8% per year for 4 years? (a) ₹13200 (b) ₹3200 (c) ₹4000 (d) ₹800
23. 23.The simple interest on ₹4000 for 5 years is ₹1200. What is the rate per year? (a) 7% (b) 6% (c) 30% (d) 5%
24. 24.What is the simple interest on ₹4000 at 12% per year for 2 years? (a) ₹4960 (b) ₹960 (c) ₹1440 (d) ₹480
25. 25.The simple interest on ₹2000 for 3 years is ₹540. What is the rate per year? (a) 8% (b) 27% (c) 9% (d) 10%
26. 26.What is the simple interest on ₹4500 at 8% per year for 2 years? (a) ₹360 (b) ₹720 (c) ₹5220 (d) ₹1080
27. 27.₹1000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹1250 (b) ₹1050 (c) ₹250 (d) ₹1300
28. 28.₹9000 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹9900 (b) ₹900 (c) ₹9180 (d) ₹10080
29. 29.₹2000 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹2100 (b) ₹2400 (c) ₹2300 (d) ₹300
30. 30.₹7000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹1750 (b) ₹9100 (c) ₹8750 (d) ₹7350
31. 31.₹7000 is invested at 12% per year simple interest. What is the amount after 5 years? (a) ₹7840 (b) ₹12040 (c) ₹11200 (d) ₹4200
32. 32.What is the simple interest on ₹8000 at 5% per year for 5 years? (a) ₹400 (b) ₹10000 (c) ₹2400 (d) ₹2000
33. 33.What is the simple interest on ₹8500 at 8% per year for 2 years? (a) ₹2040 (b) ₹9860 (c) ₹680 (d) ₹1360
34. 34.₹5000 is invested at 2% per year simple interest. What is the amount after 4 years? (a) ₹5100 (b) ₹400 (c) ₹5400 (d) ₹5500
35. 35.What is the simple interest on ₹9500 at 7% per year for 5 years? (a) ₹12825 (b) ₹665 (c) ₹3325 (d) ₹3990
36. 36.The simple interest on ₹5000 for 4 years is ₹1200. What is the rate per year? (a) 24% (b) 6% (c) 7% (d) 5%
37. 37.In how many years will ₹1500 earn ₹330 simple interest at 11% per year? (a) 3 years (b) 2 years (c) 1 year (d) 4 years
38. 38.What is the simple interest on ₹1500 at 8% per year for 3 years? (a) ₹480 (b) ₹1860 (c) ₹360 (d) ₹120
39. 39.₹1000 is invested at 12% per year simple interest. What is the amount after 2 years? (a) ₹1360 (b) ₹240 (c) ₹1240 (d) ₹1120
40. 40.In how many years will ₹1000 earn ₹220 simple interest at 11% per year? (a) 2 years (b) 4 years (c) 3 years (d) 1 year

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