Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 339 · 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 ₹3000 at 5% per year for 2 years? (a) ₹300 (b) ₹150 (c) ₹3300 (d) ₹450
2. 2.What is the simple interest on ₹2000 at 3% per year for 5 years? (a) ₹2300 (b) ₹360 (c) ₹60 (d) ₹300
3. 3.What is the simple interest on ₹6500 at 2% per year for 4 years? (a) ₹7020 (b) ₹130 (c) ₹650 (d) ₹520
4. 4.What is the simple interest on ₹6500 at 9% per year for 4 years? (a) ₹2925 (b) ₹2340 (c) ₹8840 (d) ₹585
5. 5.What is the simple interest on ₹10000 at 7% per year for 3 years? (a) ₹2100 (b) ₹700 (c) ₹2800 (d) ₹12100
6. 6.The simple interest on ₹2500 for 3 years is ₹150. What is the rate per year? (a) 6% (b) 1% (c) 3% (d) 2%
7. 7.In how many years will ₹8000 earn ₹1600 simple interest at 10% per year? (a) 3 years (b) 4 years (c) 1 year (d) 2 years
8. 8.The simple interest on ₹1500 for 3 years is ₹495. What is the rate per year? (a) 33% (b) 10% (c) 11% (d) 12%
9. 9.What is the simple interest on ₹1500 at 9% per year for 2 years? (a) ₹405 (b) ₹1770 (c) ₹270 (d) ₹135
10. 10.The simple interest on ₹5500 for 2 years is ₹440. What is the rate per year? (a) 8% (b) 3% (c) 4% (d) 5%
11. 11.What is the simple interest on ₹5000 at 12% per year for 3 years? (a) ₹6800 (b) ₹1800 (c) ₹2400 (d) ₹600
12. 12.The simple interest on ₹7000 for 4 years is ₹1400. What is the rate per year? (a) 6% (b) 4% (c) 20% (d) 5%
13. 13.What is the simple interest on ₹3500 at 2% per year for 3 years? (a) ₹210 (b) ₹70 (c) ₹280 (d) ₹3710
14. 14.What is the simple interest on ₹4500 at 3% per year for 5 years? (a) ₹810 (b) ₹675 (c) ₹135 (d) ₹5175
15. 15.₹3000 is invested at 8% per year simple interest. What is the amount after 2 years? (a) ₹3240 (b) ₹480 (c) ₹3720 (d) ₹3480
16. 16.What is the simple interest on ₹3500 at 8% per year for 2 years? (a) ₹560 (b) ₹840 (c) ₹280 (d) ₹4060
17. 17.The simple interest on ₹2000 for 2 years is ₹160. What is the rate per year? (a) 5% (b) 8% (c) 4% (d) 3%
18. 18.What is the simple interest on ₹6500 at 3% per year for 5 years? (a) ₹7475 (b) ₹1170 (c) ₹975 (d) ₹195
19. 19.What is the simple interest on ₹8500 at 11% per year for 4 years? (a) ₹4675 (b) ₹3740 (c) ₹12240 (d) ₹935
20. 20.The simple interest on ₹4000 for 3 years is ₹600. What is the rate per year? (a) 5% (b) 15% (c) 6% (d) 4%
21. 21.₹5500 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹550 (b) ₹5775 (c) ₹6050 (d) ₹6325
22. 22.In how many years will ₹9500 earn ₹380 simple interest at 2% per year? (a) 3 years (b) 4 years (c) 2 years (d) 1 year
23. 23.₹4500 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹4590 (b) ₹450 (c) ₹4950 (d) ₹5040
24. 24.In how many years will ₹2000 earn ₹200 simple interest at 2% per year? (a) 10 years (b) 6 years (c) 4 years (d) 5 years
25. 25.The simple interest on ₹6000 for 4 years is ₹2880. What is the rate per year? (a) 13% (b) 11% (c) 48% (d) 12%
26. 26.₹3000 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹3180 (b) ₹3240 (c) ₹180 (d) ₹3060
27. 27.In how many years will ₹3000 earn ₹270 simple interest at 3% per year? (a) 3 years (b) 2 years (c) 4 years (d) 6 years
28. 28.What is the simple interest on ₹6000 at 12% per year for 5 years? (a) ₹720 (b) ₹9600 (c) ₹4320 (d) ₹3600
29. 29.In how many years will ₹2500 earn ₹800 simple interest at 8% per year? (a) 5 years (b) 8 years (c) 4 years (d) 3 years
30. 30.What is the simple interest on ₹1500 at 9% per year for 3 years? (a) ₹135 (b) ₹1905 (c) ₹405 (d) ₹540
31. 31.In how many years will ₹2500 earn ₹100 simple interest at 2% per year? (a) 3 years (b) 2 years (c) 4 years (d) 1 year
32. 32.In how many years will ₹9500 earn ₹1425 simple interest at 3% per year? (a) 6 years (b) 10 years (c) 5 years (d) 4 years
33. 33.₹9000 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹9180 (b) ₹9900 (c) ₹10080 (d) ₹900
34. 34.What is the simple interest on ₹1000 at 6% per year for 4 years? (a) ₹1240 (b) ₹300 (c) ₹240 (d) ₹60
35. 35.In how many years will ₹4000 earn ₹1280 simple interest at 8% per year? (a) 5 years (b) 3 years (c) 8 years (d) 4 years
36. 36.In how many years will ₹6000 earn ₹720 simple interest at 6% per year? (a) 2 years (b) 3 years (c) 4 years (d) 1 year
37. 37.What is the simple interest on ₹3000 at 4% per year for 3 years? (a) ₹120 (b) ₹3360 (c) ₹480 (d) ₹360
38. 38.The simple interest on ₹1000 for 2 years is ₹60. What is the rate per year? (a) 2% (b) 3% (c) 4% (d) 6%
39. 39.₹5000 is invested at 3% per year simple interest. What is the amount after 4 years? (a) ₹5150 (b) ₹5750 (c) ₹600 (d) ₹5600
40. 40.What is the simple interest on ₹4000 at 10% per year for 2 years? (a) ₹400 (b) ₹1200 (c) ₹800 (d) ₹4800

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