Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 474 · 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 ₹2500 at 7% per year for 3 years? (a) ₹175 (b) ₹3025 (c) ₹525 (d) ₹700
2. 2.In how many years will ₹7000 earn ₹1260 simple interest at 9% per year? (a) 1 year (b) 3 years (c) 2 years (d) 4 years
3. 3.In how many years will ₹10000 earn ₹2200 simple interest at 11% per year? (a) 2 years (b) 1 year (c) 4 years (d) 3 years
4. 4.The simple interest on ₹9500 for 5 years is ₹2375. What is the rate per year? (a) 6% (b) 25% (c) 4% (d) 5%
5. 5.₹7000 is invested at 11% per year simple interest. What is the amount after 5 years? (a) ₹7770 (b) ₹11620 (c) ₹3850 (d) ₹10850
6. 6.₹1000 is invested at 10% per year simple interest. What is the amount after 5 years? (a) ₹1500 (b) ₹1100 (c) ₹1600 (d) ₹500
7. 7.In how many years will ₹2500 earn ₹600 simple interest at 8% per year? (a) 4 years (b) 3 years (c) 6 years (d) 2 years
8. 8.What is the simple interest on ₹4000 at 12% per year for 3 years? (a) ₹5440 (b) ₹1920 (c) ₹1440 (d) ₹480
9. 9.What is the simple interest on ₹5000 at 4% per year for 5 years? (a) ₹6000 (b) ₹1000 (c) ₹1200 (d) ₹200
10. 10.The simple interest on ₹4500 for 5 years is ₹2475. What is the rate per year? (a) 12% (b) 10% (c) 55% (d) 11%
11. 11.The simple interest on ₹1500 for 2 years is ₹60. What is the rate per year? (a) 1% (b) 4% (c) 2% (d) 3%
12. 12.What is the simple interest on ₹2500 at 5% per year for 5 years? (a) ₹3125 (b) ₹625 (c) ₹125 (d) ₹750
13. 13.What is the simple interest on ₹4500 at 2% per year for 3 years? (a) ₹360 (b) ₹90 (c) ₹270 (d) ₹4770
14. 14.In how many years will ₹2500 earn ₹625 simple interest at 5% per year? (a) 6 years (b) 10 years (c) 4 years (d) 5 years
15. 15.In how many years will ₹9500 earn ₹1900 simple interest at 5% per year? (a) 5 years (b) 3 years (c) 4 years (d) 8 years
16. 16.The simple interest on ₹1000 for 5 years is ₹350. What is the rate per year? (a) 35% (b) 7% (c) 8% (d) 6%
17. 17.What is the simple interest on ₹6500 at 12% per year for 3 years? (a) ₹780 (b) ₹3120 (c) ₹8840 (d) ₹2340
18. 18.What is the simple interest on ₹5000 at 6% per year for 2 years? (a) ₹600 (b) ₹5600 (c) ₹300 (d) ₹900
19. 19.What is the simple interest on ₹9500 at 5% per year for 3 years? (a) ₹1425 (b) ₹475 (c) ₹10925 (d) ₹1900
20. 20.₹1000 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹60 (b) ₹1090 (c) ₹1060 (d) ₹1030
21. 21.The simple interest on ₹8500 for 4 years is ₹3400. What is the rate per year? (a) 9% (b) 10% (c) 40% (d) 11%
22. 22.The simple interest on ₹6000 for 2 years is ₹720. What is the rate per year? (a) 7% (b) 12% (c) 5% (d) 6%
23. 23.₹2000 is invested at 12% per year simple interest. What is the amount after 5 years? (a) ₹3440 (b) ₹2240 (c) ₹3200 (d) ₹1200
24. 24.₹1000 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹40 (b) ₹1020 (c) ₹1060 (d) ₹1040
25. 25.What is the simple interest on ₹7500 at 9% per year for 4 years? (a) ₹2700 (b) ₹3375 (c) ₹675 (d) ₹10200
26. 26.What is the simple interest on ₹3500 at 6% per year for 3 years? (a) ₹210 (b) ₹840 (c) ₹4130 (d) ₹630
27. 27.What is the simple interest on ₹2000 at 5% per year for 4 years? (a) ₹500 (b) ₹400 (c) ₹2400 (d) ₹100
28. 28.The simple interest on ₹10000 for 5 years is ₹2500. What is the rate per year? (a) 6% (b) 4% (c) 5% (d) 25%
29. 29.What is the simple interest on ₹2000 at 10% per year for 5 years? (a) ₹3000 (b) ₹200 (c) ₹1200 (d) ₹1000
30. 30.The simple interest on ₹4500 for 4 years is ₹540. What is the rate per year? (a) 3% (b) 2% (c) 12% (d) 4%
31. 31.In how many years will ₹5500 earn ₹660 simple interest at 4% per year? (a) 6 years (b) 4 years (c) 3 years (d) 2 years
32. 32.The simple interest on ₹9500 for 4 years is ₹4180. What is the rate per year? (a) 11% (b) 44% (c) 10% (d) 12%
33. 33.What is the simple interest on ₹1500 at 6% per year for 5 years? (a) ₹540 (b) ₹90 (c) ₹450 (d) ₹1950
34. 34.What is the simple interest on ₹2000 at 3% per year for 5 years? (a) ₹360 (b) ₹300 (c) ₹2300 (d) ₹60
35. 35.The simple interest on ₹5000 for 5 years is ₹500. What is the rate per year? (a) 10% (b) 1% (c) 3% (d) 2%
36. 36.₹6500 is invested at 12% per year simple interest. What is the amount after 4 years? (a) ₹10400 (b) ₹3120 (c) ₹7280 (d) ₹9620
37. 37.₹9000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹11250 (b) ₹2250 (c) ₹11700 (d) ₹9450
38. 38.₹10000 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹10600 (b) ₹10200 (c) ₹400 (d) ₹10400
39. 39.₹6000 is invested at 6% per year simple interest. What is the amount after 2 years? (a) ₹6720 (b) ₹7080 (c) ₹6360 (d) ₹720
40. 40.What is the simple interest on ₹8000 at 6% per year for 3 years? (a) ₹1440 (b) ₹480 (c) ₹1920 (d) ₹9440

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