Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 361 · 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 11% per year for 4 years? (a) ₹2640 (b) ₹660 (c) ₹3300 (d) ₹8640
2. 2.₹7000 is invested at 9% per year simple interest. What is the amount after 2 years? (a) ₹7630 (b) ₹8260 (c) ₹8890 (d) ₹1260
3. 3.What is the simple interest on ₹3000 at 3% per year for 4 years? (a) ₹90 (b) ₹3360 (c) ₹450 (d) ₹360
4. 4.₹1000 is invested at 2% per year simple interest. What is the amount after 4 years? (a) ₹1080 (b) ₹1020 (c) ₹1100 (d) ₹80
5. 5.In how many years will ₹9000 earn ₹1350 simple interest at 3% per year? (a) 10 years (b) 5 years (c) 6 years (d) 4 years
6. 6.In how many years will ₹8000 earn ₹800 simple interest at 5% per year? (a) 4 years (b) 1 year (c) 3 years (d) 2 years
7. 7.The simple interest on ₹5000 for 2 years is ₹300. What is the rate per year? (a) 3% (b) 6% (c) 2% (d) 4%
8. 8.The simple interest on ₹6000 for 3 years is ₹540. What is the rate per year? (a) 4% (b) 2% (c) 9% (d) 3%
9. 9.₹8500 is invested at 8% per year simple interest. What is the amount after 2 years? (a) ₹10540 (b) ₹9180 (c) ₹9860 (d) ₹1360
10. 10.In how many years will ₹3500 earn ₹315 simple interest at 3% per year? (a) 3 years (b) 2 years (c) 4 years (d) 6 years
11. 11.What is the simple interest on ₹4000 at 5% per year for 3 years? (a) ₹800 (b) ₹4600 (c) ₹200 (d) ₹600
12. 12.What is the simple interest on ₹7000 at 5% per year for 2 years? (a) ₹350 (b) ₹1050 (c) ₹7700 (d) ₹700
13. 13.The simple interest on ₹3500 for 5 years is ₹1750. What is the rate per year? (a) 9% (b) 50% (c) 10% (d) 11%
14. 14.₹6000 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹900 (b) ₹6300 (c) ₹7200 (d) ₹6900
15. 15.In how many years will ₹1500 earn ₹750 simple interest at 10% per year? (a) 10 years (b) 4 years (c) 6 years (d) 5 years
16. 16.What is the simple interest on ₹9000 at 10% per year for 5 years? (a) ₹4500 (b) ₹900 (c) ₹13500 (d) ₹5400
17. 17.In how many years will ₹5000 earn ₹1000 simple interest at 5% per year? (a) 3 years (b) 4 years (c) 5 years (d) 8 years
18. 18.₹6000 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹240 (b) ₹6240 (c) ₹6360 (d) ₹6120
19. 19.₹9500 is invested at 11% per year simple interest. What is the amount after 3 years? (a) ₹3135 (b) ₹13680 (c) ₹12635 (d) ₹10545
20. 20.What is the simple interest on ₹4500 at 7% per year for 2 years? (a) ₹945 (b) ₹315 (c) ₹630 (d) ₹5130
21. 21.₹5000 is invested at 3% per year simple interest. What is the amount after 4 years? (a) ₹5600 (b) ₹5150 (c) ₹600 (d) ₹5750
22. 22.What is the simple interest on ₹9000 at 5% per year for 3 years? (a) ₹1800 (b) ₹1350 (c) ₹10350 (d) ₹450
23. 23.In how many years will ₹7500 earn ₹1050 simple interest at 7% per year? (a) 4 years (b) 3 years (c) 2 years (d) 1 year
24. 24.What is the simple interest on ₹7500 at 6% per year for 4 years? (a) ₹450 (b) ₹2250 (c) ₹9300 (d) ₹1800
25. 25.₹9500 is invested at 3% per year simple interest. What is the amount after 5 years? (a) ₹11210 (b) ₹9785 (c) ₹1425 (d) ₹10925
26. 26.The simple interest on ₹3500 for 5 years is ₹1225. What is the rate per year? (a) 6% (b) 35% (c) 8% (d) 7%
27. 27.In how many years will ₹4500 earn ₹360 simple interest at 4% per year? (a) 2 years (b) 1 year (c) 4 years (d) 3 years
28. 28.The simple interest on ₹6500 for 3 years is ₹585. What is the rate per year? (a) 2% (b) 9% (c) 3% (d) 4%
29. 29.What is the simple interest on ₹7500 at 9% per year for 5 years? (a) ₹675 (b) ₹3375 (c) ₹4050 (d) ₹10875
30. 30.The simple interest on ₹2500 for 3 years is ₹300. What is the rate per year? (a) 4% (b) 5% (c) 12% (d) 3%
31. 31.₹1000 is invested at 9% per year simple interest. What is the amount after 3 years? (a) ₹1270 (b) ₹270 (c) ₹1360 (d) ₹1090
32. 32.In how many years will ₹5000 earn ₹1000 simple interest at 10% per year? (a) 3 years (b) 4 years (c) 2 years (d) 1 year
33. 33.In how many years will ₹1000 earn ₹220 simple interest at 11% per year? (a) 3 years (b) 2 years (c) 4 years (d) 1 year
34. 34.The simple interest on ₹6500 for 4 years is ₹2080. What is the rate per year? (a) 8% (b) 32% (c) 9% (d) 7%
35. 35.What is the simple interest on ₹9500 at 10% per year for 3 years? (a) ₹12350 (b) ₹3800 (c) ₹2850 (d) ₹950
36. 36.What is the simple interest on ₹1500 at 4% per year for 3 years? (a) ₹1680 (b) ₹60 (c) ₹180 (d) ₹240
37. 37.What is the simple interest on ₹10000 at 8% per year for 3 years? (a) ₹2400 (b) ₹800 (c) ₹3200 (d) ₹12400
38. 38.In how many years will ₹3000 earn ₹300 simple interest at 2% per year? (a) 5 years (b) 10 years (c) 6 years (d) 4 years
39. 39.The simple interest on ₹9500 for 2 years is ₹1900. What is the rate per year? (a) 10% (b) 11% (c) 20% (d) 9%
40. 40.In how many years will ₹2500 earn ₹1500 simple interest at 12% per year? (a) 6 years (b) 4 years (c) 10 years (d) 5 years

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