Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 28 · 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 ₹3500 at 7% per year for 4 years? (a) ₹1225 (b) ₹980 (c) ₹4480 (d) ₹245
2. 2.₹7000 is invested at 5% per year simple interest. What is the amount after 4 years? (a) ₹7350 (b) ₹1400 (c) ₹8750 (d) ₹8400
3. 3.What is the simple interest on ₹9500 at 9% per year for 2 years? (a) ₹2565 (b) ₹1710 (c) ₹11210 (d) ₹855
4. 4.What is the simple interest on ₹5000 at 12% per year for 4 years? (a) ₹7400 (b) ₹3000 (c) ₹2400 (d) ₹600
5. 5.In how many years will ₹2500 earn ₹1000 simple interest at 10% per year? (a) 3 years (b) 8 years (c) 5 years (d) 4 years
6. 6.₹5500 is invested at 4% per year simple interest. What is the amount after 4 years? (a) ₹880 (b) ₹5720 (c) ₹6600 (d) ₹6380
7. 7.The simple interest on ₹2000 for 3 years is ₹180. What is the rate per year? (a) 3% (b) 4% (c) 2% (d) 9%
8. 8.₹9000 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹540 (b) ₹9720 (c) ₹9540 (d) ₹9180
9. 9.What is the simple interest on ₹3000 at 10% per year for 5 years? (a) ₹300 (b) ₹4500 (c) ₹1800 (d) ₹1500
10. 10.What is the simple interest on ₹1000 at 6% per year for 5 years? (a) ₹360 (b) ₹1300 (c) ₹300 (d) ₹60
11. 11.In how many years will ₹1500 earn ₹750 simple interest at 10% per year? (a) 5 years (b) 10 years (c) 6 years (d) 4 years
12. 12.₹6000 is invested at 3% per year simple interest. What is the amount after 4 years? (a) ₹6720 (b) ₹720 (c) ₹6180 (d) ₹6900
13. 13.₹6500 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹6630 (b) ₹7020 (c) ₹6890 (d) ₹390
14. 14.In how many years will ₹7500 earn ₹2700 simple interest at 12% per year? (a) 6 years (b) 4 years (c) 2 years (d) 3 years
15. 15.What is the simple interest on ₹3000 at 5% per year for 5 years? (a) ₹3750 (b) ₹750 (c) ₹150 (d) ₹900
16. 16.₹7000 is invested at 8% per year simple interest. What is the amount after 3 years? (a) ₹1680 (b) ₹8680 (c) ₹7560 (d) ₹9240
17. 17.The simple interest on ₹1000 for 5 years is ₹400. What is the rate per year? (a) 40% (b) 8% (c) 7% (d) 9%
18. 18.The simple interest on ₹7500 for 4 years is ₹1800. What is the rate per year? (a) 5% (b) 6% (c) 7% (d) 24%
19. 19.In how many years will ₹10000 earn ₹4400 simple interest at 11% per year? (a) 3 years (b) 5 years (c) 4 years (d) 8 years
20. 20.In how many years will ₹6500 earn ₹1300 simple interest at 10% per year? (a) 1 year (b) 2 years (c) 4 years (d) 3 years
21. 21.The simple interest on ₹5500 for 4 years is ₹880. What is the rate per year? (a) 3% (b) 4% (c) 5% (d) 16%
22. 22.What is the simple interest on ₹9000 at 6% per year for 4 years? (a) ₹11160 (b) ₹540 (c) ₹2700 (d) ₹2160
23. 23.₹5000 is invested at 12% per year simple interest. What is the amount after 2 years? (a) ₹1200 (b) ₹5600 (c) ₹6200 (d) ₹6800
24. 24.₹10000 is invested at 11% per year simple interest. What is the amount after 4 years? (a) ₹15500 (b) ₹4400 (c) ₹11100 (d) ₹14400
25. 25.In how many years will ₹2000 earn ₹300 simple interest at 3% per year? (a) 5 years (b) 6 years (c) 4 years (d) 10 years
26. 26.The simple interest on ₹4500 for 3 years is ₹1620. What is the rate per year? (a) 11% (b) 13% (c) 36% (d) 12%
27. 27.What is the simple interest on ₹5500 at 5% per year for 5 years? (a) ₹6875 (b) ₹1650 (c) ₹1375 (d) ₹275
28. 28.The simple interest on ₹3000 for 5 years is ₹600. What is the rate per year? (a) 20% (b) 5% (c) 4% (d) 3%
29. 29.What is the simple interest on ₹2000 at 8% per year for 4 years? (a) ₹800 (b) ₹640 (c) ₹160 (d) ₹2640
30. 30.What is the simple interest on ₹6000 at 3% per year for 3 years? (a) ₹720 (b) ₹6540 (c) ₹180 (d) ₹540
31. 31.What is the simple interest on ₹2500 at 9% per year for 4 years? (a) ₹3400 (b) ₹225 (c) ₹1125 (d) ₹900
32. 32.₹2000 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹600 (b) ₹2120 (c) ₹2720 (d) ₹2600
33. 33.What is the simple interest on ₹9000 at 3% per year for 2 years? (a) ₹810 (b) ₹540 (c) ₹270 (d) ₹9540
34. 34.₹3500 is invested at 7% per year simple interest. What is the amount after 5 years? (a) ₹4725 (b) ₹4970 (c) ₹3745 (d) ₹1225
35. 35.In how many years will ₹2500 earn ₹750 simple interest at 10% per year? (a) 4 years (b) 2 years (c) 6 years (d) 3 years
36. 36.₹2500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹2700 (b) ₹2800 (c) ₹200 (d) ₹2600
37. 37.₹2500 is invested at 3% per year simple interest. What is the amount after 3 years? (a) ₹2800 (b) ₹2725 (c) ₹225 (d) ₹2575
38. 38.The simple interest on ₹3500 for 3 years is ₹315. What is the rate per year? (a) 3% (b) 2% (c) 4% (d) 9%
39. 39.The simple interest on ₹9000 for 3 years is ₹2430. What is the rate per year? (a) 10% (b) 27% (c) 8% (d) 9%
40. 40.What is the simple interest on ₹9500 at 11% per year for 5 years? (a) ₹1045 (b) ₹5225 (c) ₹14725 (d) ₹6270

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