Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 527 · 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 ₹6500 at 2% per year for 2 years? (a) ₹6760 (b) ₹390 (c) ₹260 (d) ₹130
2. 2.In how many years will ₹8500 earn ₹2550 simple interest at 10% per year? (a) 3 years (b) 4 years (c) 6 years (d) 2 years
3. 3.₹9500 is invested at 11% per year simple interest. What is the amount after 3 years? (a) ₹12635 (b) ₹10545 (c) ₹13680 (d) ₹3135
4. 4.The simple interest on ₹8500 for 4 years is ₹1360. What is the rate per year? (a) 5% (b) 4% (c) 16% (d) 3%
5. 5.In how many years will ₹2500 earn ₹300 simple interest at 6% per year? (a) 1 year (b) 4 years (c) 2 years (d) 3 years
6. 6.What is the simple interest on ₹7000 at 4% per year for 2 years? (a) ₹7560 (b) ₹840 (c) ₹560 (d) ₹280
7. 7.In how many years will ₹7500 earn ₹1800 simple interest at 12% per year? (a) 3 years (b) 4 years (c) 1 year (d) 2 years
8. 8.In how many years will ₹1000 earn ₹450 simple interest at 9% per year? (a) 4 years (b) 10 years (c) 6 years (d) 5 years
9. 9.What is the simple interest on ₹2000 at 2% per year for 3 years? (a) ₹120 (b) ₹40 (c) ₹160 (d) ₹2120
10. 10.The simple interest on ₹6000 for 3 years is ₹1800. What is the rate per year? (a) 30% (b) 9% (c) 10% (d) 11%
11. 11.What is the simple interest on ₹4000 at 3% per year for 3 years? (a) ₹360 (b) ₹120 (c) ₹480 (d) ₹4360
12. 12.₹8000 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹8320 (b) ₹8960 (c) ₹8640 (d) ₹640
13. 13.What is the simple interest on ₹4500 at 6% per year for 5 years? (a) ₹1350 (b) ₹270 (c) ₹1620 (d) ₹5850
14. 14.₹8500 is invested at 10% per year simple interest. What is the amount after 5 years? (a) ₹13600 (b) ₹4250 (c) ₹12750 (d) ₹9350
15. 15.₹6000 is invested at 12% per year simple interest. What is the amount after 3 years? (a) ₹2160 (b) ₹8880 (c) ₹8160 (d) ₹6720
16. 16.The simple interest on ₹2500 for 4 years is ₹1000. What is the rate per year? (a) 11% (b) 40% (c) 10% (d) 9%
17. 17.The simple interest on ₹8000 for 2 years is ₹960. What is the rate per year? (a) 12% (b) 7% (c) 6% (d) 5%
18. 18.In how many years will ₹6000 earn ₹1920 simple interest at 8% per year? (a) 5 years (b) 3 years (c) 8 years (d) 4 years
19. 19.In how many years will ₹2000 earn ₹160 simple interest at 4% per year? (a) 4 years (b) 1 year (c) 3 years (d) 2 years
20. 20.In how many years will ₹8000 earn ₹3600 simple interest at 9% per year? (a) 5 years (b) 10 years (c) 6 years (d) 4 years
21. 21.The simple interest on ₹1000 for 2 years is ₹200. What is the rate per year? (a) 11% (b) 9% (c) 10% (d) 20%
22. 22.In how many years will ₹3500 earn ₹735 simple interest at 7% per year? (a) 4 years (b) 6 years (c) 3 years (d) 2 years
23. 23.What is the simple interest on ₹9000 at 2% per year for 5 years? (a) ₹1080 (b) ₹900 (c) ₹180 (d) ₹9900
24. 24.The simple interest on ₹4000 for 2 years is ₹160. What is the rate per year? (a) 2% (b) 4% (c) 1% (d) 3%
25. 25.In how many years will ₹10000 earn ₹1200 simple interest at 4% per year? (a) 2 years (b) 3 years (c) 4 years (d) 6 years
26. 26.The simple interest on ₹2500 for 3 years is ₹675. What is the rate per year? (a) 9% (b) 8% (c) 27% (d) 10%
27. 27.In how many years will ₹6500 earn ₹1300 simple interest at 10% per year? (a) 1 year (b) 2 years (c) 4 years (d) 3 years
28. 28.₹4500 is invested at 6% per year simple interest. What is the amount after 3 years? (a) ₹4770 (b) ₹810 (c) ₹5310 (d) ₹5580
29. 29.What is the simple interest on ₹4500 at 2% per year for 5 years? (a) ₹450 (b) ₹4950 (c) ₹90 (d) ₹540
30. 30.What is the simple interest on ₹7500 at 4% per year for 3 years? (a) ₹300 (b) ₹8400 (c) ₹900 (d) ₹1200
31. 31.The simple interest on ₹4000 for 2 years is ₹560. What is the rate per year? (a) 7% (b) 6% (c) 14% (d) 8%
32. 32.₹8000 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹8480 (b) ₹8720 (c) ₹480 (d) ₹8240
33. 33.The simple interest on ₹4500 for 4 years is ₹360. What is the rate per year? (a) 1% (b) 3% (c) 2% (d) 8%
34. 34.The simple interest on ₹6000 for 5 years is ₹1200. What is the rate per year? (a) 4% (b) 5% (c) 20% (d) 3%
35. 35.What is the simple interest on ₹5000 at 6% per year for 3 years? (a) ₹300 (b) ₹5900 (c) ₹900 (d) ₹1200
36. 36.The simple interest on ₹2000 for 4 years is ₹640. What is the rate per year? (a) 8% (b) 32% (c) 9% (d) 7%
37. 37.The simple interest on ₹3500 for 5 years is ₹1400. What is the rate per year? (a) 9% (b) 40% (c) 7% (d) 8%
38. 38.₹1500 is invested at 10% per year simple interest. What is the amount after 2 years? (a) ₹300 (b) ₹1650 (c) ₹1950 (d) ₹1800
39. 39.The simple interest on ₹3000 for 4 years is ₹1200. What is the rate per year? (a) 9% (b) 40% (c) 11% (d) 10%
40. 40.₹9500 is invested at 8% per year simple interest. What is the amount after 2 years? (a) ₹11780 (b) ₹11020 (c) ₹1520 (d) ₹10260

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