Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 347 · 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 ₹6000 at 5% per year for 5 years? (a) ₹300 (b) ₹1500 (c) ₹7500 (d) ₹1800
2. 2.In how many years will ₹2500 earn ₹1000 simple interest at 8% per year? (a) 4 years (b) 5 years (c) 10 years (d) 6 years
3. 3.₹9000 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹9360 (b) ₹360 (c) ₹9540 (d) ₹9180
4. 4.In how many years will ₹1500 earn ₹90 simple interest at 2% per year? (a) 4 years (b) 3 years (c) 6 years (d) 2 years
5. 5.₹10000 is invested at 12% per year simple interest. What is the amount after 4 years? (a) ₹4800 (b) ₹16000 (c) ₹11200 (d) ₹14800
6. 6.The simple interest on ₹9000 for 2 years is ₹360. What is the rate per year? (a) 2% (b) 3% (c) 1% (d) 4%
7. 7.The simple interest on ₹6000 for 2 years is ₹480. What is the rate per year? (a) 3% (b) 5% (c) 4% (d) 8%
8. 8.₹8000 is invested at 7% per year simple interest. What is the amount after 4 years? (a) ₹8560 (b) ₹2240 (c) ₹10240 (d) ₹10800
9. 9.₹9500 is invested at 3% per year simple interest. What is the amount after 3 years? (a) ₹10355 (b) ₹9785 (c) ₹10640 (d) ₹855
10. 10.In how many years will ₹2000 earn ₹540 simple interest at 9% per year? (a) 3 years (b) 4 years (c) 6 years (d) 2 years
11. 11.What is the simple interest on ₹5500 at 7% per year for 2 years? (a) ₹385 (b) ₹1155 (c) ₹6270 (d) ₹770
12. 12.The simple interest on ₹9500 for 3 years is ₹3420. What is the rate per year? (a) 13% (b) 11% (c) 36% (d) 12%
13. 13.The simple interest on ₹3000 for 5 years is ₹1350. What is the rate per year? (a) 8% (b) 45% (c) 10% (d) 9%
14. 14.The simple interest on ₹6500 for 2 years is ₹780. What is the rate per year? (a) 5% (b) 7% (c) 6% (d) 12%
15. 15.The simple interest on ₹3000 for 2 years is ₹360. What is the rate per year? (a) 6% (b) 5% (c) 7% (d) 12%
16. 16.The simple interest on ₹6500 for 4 years is ₹780. What is the rate per year? (a) 4% (b) 2% (c) 3% (d) 12%
17. 17.In how many years will ₹6500 earn ₹390 simple interest at 3% per year? (a) 1 year (b) 3 years (c) 2 years (d) 4 years
18. 18.What is the simple interest on ₹7500 at 4% per year for 3 years? (a) ₹900 (b) ₹8400 (c) ₹300 (d) ₹1200
19. 19.The simple interest on ₹7500 for 2 years is ₹1350. What is the rate per year? (a) 18% (b) 8% (c) 9% (d) 10%
20. 20.₹2500 is invested at 3% per year simple interest. What is the amount after 3 years? (a) ₹225 (b) ₹2575 (c) ₹2725 (d) ₹2800
21. 21.What is the simple interest on ₹6000 at 7% per year for 5 years? (a) ₹420 (b) ₹2520 (c) ₹2100 (d) ₹8100
22. 22.What is the simple interest on ₹6500 at 2% per year for 3 years? (a) ₹520 (b) ₹130 (c) ₹6890 (d) ₹390
23. 23.The simple interest on ₹7000 for 2 years is ₹280. What is the rate per year? (a) 2% (b) 4% (c) 3% (d) 1%
24. 24.What is the simple interest on ₹2000 at 11% per year for 2 years? (a) ₹220 (b) ₹2440 (c) ₹440 (d) ₹660
25. 25.₹5500 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹6600 (b) ₹825 (c) ₹5775 (d) ₹6325
26. 26.₹8000 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹8480 (b) ₹8160 (c) ₹8320 (d) ₹320
27. 27.What is the simple interest on ₹10000 at 11% per year for 4 years? (a) ₹5500 (b) ₹4400 (c) ₹14400 (d) ₹1100
28. 28.₹8500 is invested at 11% per year simple interest. What is the amount after 4 years? (a) ₹3740 (b) ₹9435 (c) ₹12240 (d) ₹13175
29. 29.The simple interest on ₹8000 for 3 years is ₹1680. What is the rate per year? (a) 8% (b) 21% (c) 7% (d) 6%
30. 30.₹5000 is invested at 3% per year simple interest. What is the amount after 3 years? (a) ₹5150 (b) ₹5450 (c) ₹450 (d) ₹5600
31. 31.The simple interest on ₹7000 for 4 years is ₹2520. What is the rate per year? (a) 8% (b) 9% (c) 10% (d) 36%
32. 32.₹2500 is invested at 6% per year simple interest. What is the amount after 3 years? (a) ₹450 (b) ₹2950 (c) ₹3100 (d) ₹2650
33. 33.What is the simple interest on ₹2500 at 12% per year for 4 years? (a) ₹1500 (b) ₹3700 (c) ₹300 (d) ₹1200
34. 34.What is the simple interest on ₹9000 at 8% per year for 2 years? (a) ₹2160 (b) ₹720 (c) ₹10440 (d) ₹1440
35. 35.The simple interest on ₹10000 for 4 years is ₹3200. What is the rate per year? (a) 32% (b) 8% (c) 7% (d) 9%
36. 36.₹1500 is invested at 4% per year simple interest. What is the amount after 5 years? (a) ₹300 (b) ₹1800 (c) ₹1560 (d) ₹1860
37. 37.₹5000 is invested at 2% per year simple interest. What is the amount after 4 years? (a) ₹5100 (b) ₹5400 (c) ₹5500 (d) ₹400
38. 38.What is the simple interest on ₹4500 at 11% per year for 4 years? (a) ₹1980 (b) ₹6480 (c) ₹495 (d) ₹2475
39. 39.₹8500 is invested at 11% per year simple interest. What is the amount after 2 years? (a) ₹9435 (b) ₹1870 (c) ₹10370 (d) ₹11305
40. 40.₹5500 is invested at 9% per year simple interest. What is the amount after 5 years? (a) ₹5995 (b) ₹8470 (c) ₹7975 (d) ₹2475

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