Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 541 · 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.The simple interest on ₹9000 for 3 years is ₹1620. What is the rate per year? (a) 18% (b) 5% (c) 6% (d) 7%
2. 2.₹10000 is invested at 6% per year simple interest. What is the amount after 4 years? (a) ₹10600 (b) ₹2400 (c) ₹13000 (d) ₹12400
3. 3.In how many years will ₹8000 earn ₹960 simple interest at 4% per year? (a) 6 years (b) 2 years (c) 4 years (d) 3 years
4. 4.What is the simple interest on ₹5500 at 2% per year for 2 years? (a) ₹330 (b) ₹220 (c) ₹5720 (d) ₹110
5. 5.The simple interest on ₹1500 for 5 years is ₹225. What is the rate per year? (a) 2% (b) 4% (c) 3% (d) 15%
6. 6.The simple interest on ₹8500 for 2 years is ₹1360. What is the rate per year? (a) 9% (b) 8% (c) 7% (d) 16%
7. 7.What is the simple interest on ₹4000 at 2% per year for 2 years? (a) ₹80 (b) ₹160 (c) ₹240 (d) ₹4160
8. 8.₹2500 is invested at 12% per year simple interest. What is the amount after 2 years? (a) ₹3400 (b) ₹600 (c) ₹2800 (d) ₹3100
9. 9.In how many years will ₹5500 earn ₹1540 simple interest at 7% per year? (a) 8 years (b) 3 years (c) 4 years (d) 5 years
10. 10.In how many years will ₹9500 earn ₹1140 simple interest at 3% per year? (a) 3 years (b) 4 years (c) 5 years (d) 8 years
11. 11.What is the simple interest on ₹2000 at 6% per year for 3 years? (a) ₹480 (b) ₹2360 (c) ₹120 (d) ₹360
12. 12.₹8000 is invested at 9% per year simple interest. What is the amount after 3 years? (a) ₹8720 (b) ₹10880 (c) ₹2160 (d) ₹10160
13. 13.What is the simple interest on ₹3000 at 4% per year for 3 years? (a) ₹3360 (b) ₹360 (c) ₹480 (d) ₹120
14. 14.What is the simple interest on ₹3000 at 11% per year for 5 years? (a) ₹330 (b) ₹4650 (c) ₹1980 (d) ₹1650
15. 15.What is the simple interest on ₹1000 at 3% per year for 2 years? (a) ₹60 (b) ₹30 (c) ₹90 (d) ₹1060
16. 16.The simple interest on ₹3500 for 4 years is ₹1400. What is the rate per year? (a) 11% (b) 9% (c) 40% (d) 10%
17. 17.What is the simple interest on ₹4000 at 11% per year for 3 years? (a) ₹440 (b) ₹1760 (c) ₹5320 (d) ₹1320
18. 18.The simple interest on ₹2500 for 2 years is ₹400. What is the rate per year? (a) 9% (b) 16% (c) 8% (d) 7%
19. 19.In how many years will ₹10000 earn ₹900 simple interest at 3% per year? (a) 2 years (b) 4 years (c) 3 years (d) 6 years
20. 20.What is the simple interest on ₹10000 at 11% per year for 5 years? (a) ₹15500 (b) ₹1100 (c) ₹5500 (d) ₹6600
21. 21.What is the simple interest on ₹8500 at 10% per year for 2 years? (a) ₹850 (b) ₹1700 (c) ₹10200 (d) ₹2550
22. 22.₹2500 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹2750 (b) ₹250 (c) ₹2550 (d) ₹2800
23. 23.₹5500 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹5610 (b) ₹220 (c) ₹5830 (d) ₹5720
24. 24.What is the simple interest on ₹9500 at 11% per year for 4 years? (a) ₹5225 (b) ₹4180 (c) ₹13680 (d) ₹1045
25. 25.What is the simple interest on ₹6000 at 11% per year for 2 years? (a) ₹7320 (b) ₹1980 (c) ₹1320 (d) ₹660
26. 26.What is the simple interest on ₹7500 at 5% per year for 2 years? (a) ₹375 (b) ₹750 (c) ₹8250 (d) ₹1125
27. 27.The simple interest on ₹3000 for 5 years is ₹450. What is the rate per year? (a) 3% (b) 4% (c) 2% (d) 15%
28. 28.The simple interest on ₹3500 for 4 years is ₹560. What is the rate per year? (a) 5% (b) 3% (c) 16% (d) 4%
29. 29.What is the simple interest on ₹7500 at 8% per year for 4 years? (a) ₹9900 (b) ₹3000 (c) ₹2400 (d) ₹600
30. 30.The simple interest on ₹2500 for 3 years is ₹300. What is the rate per year? (a) 4% (b) 3% (c) 12% (d) 5%
31. 31.The simple interest on ₹2000 for 2 years is ₹360. What is the rate per year? (a) 10% (b) 18% (c) 8% (d) 9%
32. 32.What is the simple interest on ₹6000 at 3% per year for 3 years? (a) ₹6540 (b) ₹180 (c) ₹540 (d) ₹720
33. 33.What is the simple interest on ₹8500 at 10% per year for 5 years? (a) ₹5100 (b) ₹850 (c) ₹4250 (d) ₹12750
34. 34.The simple interest on ₹9000 for 2 years is ₹1080. What is the rate per year? (a) 12% (b) 7% (c) 6% (d) 5%
35. 35.The simple interest on ₹3000 for 2 years is ₹240. What is the rate per year? (a) 8% (b) 5% (c) 3% (d) 4%
36. 36.What is the simple interest on ₹4000 at 11% per year for 2 years? (a) ₹880 (b) ₹4880 (c) ₹440 (d) ₹1320
37. 37.What is the simple interest on ₹5500 at 12% per year for 4 years? (a) ₹8140 (b) ₹660 (c) ₹3300 (d) ₹2640
38. 38.The simple interest on ₹7500 for 3 years is ₹675. What is the rate per year? (a) 9% (b) 2% (c) 4% (d) 3%
39. 39.What is the simple interest on ₹10000 at 9% per year for 4 years? (a) ₹4500 (b) ₹900 (c) ₹3600 (d) ₹13600
40. 40.What is the simple interest on ₹7000 at 12% per year for 3 years? (a) ₹840 (b) ₹2520 (c) ₹9520 (d) ₹3360

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