Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 466 · 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 ₹8500 at 3% per year for 2 years? (a) ₹510 (b) ₹9010 (c) ₹765 (d) ₹255
2. 2.What is the simple interest on ₹4500 at 2% per year for 4 years? (a) ₹450 (b) ₹90 (c) ₹360 (d) ₹4860
3. 3.What is the simple interest on ₹9500 at 5% per year for 2 years? (a) ₹10450 (b) ₹950 (c) ₹1425 (d) ₹475
4. 4.The simple interest on ₹2000 for 5 years is ₹300. What is the rate per year? (a) 15% (b) 3% (c) 2% (d) 4%
5. 5.What is the simple interest on ₹7500 at 8% per year for 5 years? (a) ₹10500 (b) ₹600 (c) ₹3000 (d) ₹3600
6. 6.In how many years will ₹5500 earn ₹990 simple interest at 9% per year? (a) 2 years (b) 3 years (c) 4 years (d) 1 year
7. 7.What is the simple interest on ₹7500 at 7% per year for 2 years? (a) ₹525 (b) ₹1050 (c) ₹8550 (d) ₹1575
8. 8.In how many years will ₹9000 earn ₹2970 simple interest at 11% per year? (a) 4 years (b) 2 years (c) 3 years (d) 6 years
9. 9.₹3000 is invested at 3% per year simple interest. What is the amount after 4 years? (a) ₹3090 (b) ₹3360 (c) ₹360 (d) ₹3450
10. 10.In how many years will ₹3000 earn ₹300 simple interest at 2% per year? (a) 6 years (b) 4 years (c) 10 years (d) 5 years
11. 11.What is the simple interest on ₹1000 at 4% per year for 2 years? (a) ₹1080 (b) ₹80 (c) ₹40 (d) ₹120
12. 12.In how many years will ₹3000 earn ₹900 simple interest at 10% per year? (a) 2 years (b) 6 years (c) 4 years (d) 3 years
13. 13.The simple interest on ₹8500 for 5 years is ₹5100. What is the rate per year? (a) 60% (b) 11% (c) 13% (d) 12%
14. 14.₹5500 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹5610 (b) ₹5830 (c) ₹330 (d) ₹5940
15. 15.The simple interest on ₹7000 for 4 years is ₹1680. What is the rate per year? (a) 5% (b) 24% (c) 6% (d) 7%
16. 16.₹6500 is invested at 12% per year simple interest. What is the amount after 2 years? (a) ₹8060 (b) ₹1560 (c) ₹8840 (d) ₹7280
17. 17.What is the simple interest on ₹4000 at 11% per year for 3 years? (a) ₹5320 (b) ₹1760 (c) ₹440 (d) ₹1320
18. 18.What is the simple interest on ₹4000 at 5% per year for 2 years? (a) ₹4400 (b) ₹600 (c) ₹200 (d) ₹400
19. 19.In how many years will ₹6000 earn ₹360 simple interest at 2% per year? (a) 3 years (b) 2 years (c) 4 years (d) 6 years
20. 20.What is the simple interest on ₹2500 at 3% per year for 2 years? (a) ₹75 (b) ₹2650 (c) ₹150 (d) ₹225
21. 21.₹2000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹2500 (b) ₹2100 (c) ₹500 (d) ₹2600
22. 22.₹4500 is invested at 5% per year simple interest. What is the amount after 4 years? (a) ₹5400 (b) ₹5625 (c) ₹4725 (d) ₹900
23. 23.₹5000 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹5600 (b) ₹500 (c) ₹5500 (d) ₹5100
24. 24.In how many years will ₹6000 earn ₹600 simple interest at 5% per year? (a) 4 years (b) 3 years (c) 1 year (d) 2 years
25. 25.In how many years will ₹8500 earn ₹765 simple interest at 3% per year? (a) 4 years (b) 3 years (c) 6 years (d) 2 years
26. 26.What is the simple interest on ₹6500 at 6% per year for 5 years? (a) ₹2340 (b) ₹390 (c) ₹1950 (d) ₹8450
27. 27.What is the simple interest on ₹6000 at 12% per year for 5 years? (a) ₹720 (b) ₹9600 (c) ₹4320 (d) ₹3600
28. 28.In how many years will ₹10000 earn ₹1500 simple interest at 5% per year? (a) 4 years (b) 3 years (c) 6 years (d) 2 years
29. 29.The simple interest on ₹3000 for 5 years is ₹1800. What is the rate per year? (a) 12% (b) 11% (c) 60% (d) 13%
30. 30.The simple interest on ₹8000 for 2 years is ₹1280. What is the rate per year? (a) 16% (b) 7% (c) 8% (d) 9%
31. 31.₹4500 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹4590 (b) ₹5040 (c) ₹450 (d) ₹4950
32. 32.In how many years will ₹1500 earn ₹525 simple interest at 7% per year? (a) 6 years (b) 10 years (c) 5 years (d) 4 years
33. 33.What is the simple interest on ₹1500 at 10% per year for 4 years? (a) ₹600 (b) ₹150 (c) ₹2100 (d) ₹750
34. 34.The simple interest on ₹3500 for 2 years is ₹840. What is the rate per year? (a) 12% (b) 11% (c) 24% (d) 13%
35. 35.₹2500 is invested at 10% per year simple interest. What is the amount after 5 years? (a) ₹1250 (b) ₹2750 (c) ₹4000 (d) ₹3750
36. 36.₹7500 is invested at 4% per year simple interest. What is the amount after 3 years? (a) ₹8400 (b) ₹900 (c) ₹8700 (d) ₹7800
37. 37.In how many years will ₹2000 earn ₹160 simple interest at 2% per year? (a) 8 years (b) 4 years (c) 3 years (d) 5 years
38. 38.₹2000 is invested at 11% per year simple interest. What is the amount after 5 years? (a) ₹1100 (b) ₹3320 (c) ₹3100 (d) ₹2220
39. 39.₹1000 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹100 (b) ₹1150 (c) ₹1100 (d) ₹1050
40. 40.₹6500 is invested at 12% per year simple interest. What is the amount after 5 years? (a) ₹3900 (b) ₹7280 (c) ₹11180 (d) ₹10400

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