Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 569 · 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 ₹5000 at 6% per year for 2 years? (a) ₹300 (b) ₹900 (c) ₹600 (d) ₹5600
2. 2.₹2000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹2600 (b) ₹2100 (c) ₹500 (d) ₹2500
3. 3.What is the simple interest on ₹8000 at 2% per year for 2 years? (a) ₹320 (b) ₹480 (c) ₹8320 (d) ₹160
4. 4.What is the simple interest on ₹2000 at 11% per year for 2 years? (a) ₹440 (b) ₹660 (c) ₹220 (d) ₹2440
5. 5.In how many years will ₹9500 earn ₹1425 simple interest at 5% per year? (a) 2 years (b) 3 years (c) 6 years (d) 4 years
6. 6.In how many years will ₹3000 earn ₹480 simple interest at 8% per year? (a) 3 years (b) 2 years (c) 1 year (d) 4 years
7. 7.What is the simple interest on ₹7000 at 3% per year for 3 years? (a) ₹7630 (b) ₹840 (c) ₹210 (d) ₹630
8. 8.What is the simple interest on ₹7000 at 5% per year for 2 years? (a) ₹7700 (b) ₹700 (c) ₹350 (d) ₹1050
9. 9.₹1000 is invested at 10% per year simple interest. What is the amount after 2 years? (a) ₹1300 (b) ₹1200 (c) ₹1100 (d) ₹200
10. 10.₹8000 is invested at 7% per year simple interest. What is the amount after 3 years? (a) ₹1680 (b) ₹10240 (c) ₹8560 (d) ₹9680
11. 11.In how many years will ₹2000 earn ₹540 simple interest at 9% per year? (a) 6 years (b) 2 years (c) 3 years (d) 4 years
12. 12.What is the simple interest on ₹8000 at 10% per year for 2 years? (a) ₹2400 (b) ₹1600 (c) ₹800 (d) ₹9600
13. 13.The simple interest on ₹9500 for 3 years is ₹2280. What is the rate per year? (a) 8% (b) 7% (c) 9% (d) 24%
14. 14.₹6000 is invested at 11% per year simple interest. What is the amount after 5 years? (a) ₹6660 (b) ₹9960 (c) ₹3300 (d) ₹9300
15. 15.The simple interest on ₹5500 for 5 years is ₹1925. What is the rate per year? (a) 7% (b) 8% (c) 35% (d) 6%
16. 16.What is the simple interest on ₹3500 at 2% per year for 4 years? (a) ₹280 (b) ₹350 (c) ₹70 (d) ₹3780
17. 17.₹5000 is invested at 9% per year simple interest. What is the amount after 4 years? (a) ₹6800 (b) ₹7250 (c) ₹5450 (d) ₹1800
18. 18.₹5000 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹5500 (b) ₹500 (c) ₹5750 (d) ₹5250
19. 19.₹3000 is invested at 9% per year simple interest. What is the amount after 4 years? (a) ₹4350 (b) ₹4080 (c) ₹1080 (d) ₹3270
20. 20.The simple interest on ₹2000 for 4 years is ₹960. What is the rate per year? (a) 13% (b) 48% (c) 12% (d) 11%
21. 21.In how many years will ₹9500 earn ₹1995 simple interest at 7% per year? (a) 4 years (b) 3 years (c) 6 years (d) 2 years
22. 22.What is the simple interest on ₹2000 at 3% per year for 2 years? (a) ₹180 (b) ₹60 (c) ₹2120 (d) ₹120
23. 23.What is the simple interest on ₹5000 at 6% per year for 3 years? (a) ₹1200 (b) ₹300 (c) ₹5900 (d) ₹900
24. 24.What is the simple interest on ₹5500 at 2% per year for 4 years? (a) ₹440 (b) ₹110 (c) ₹550 (d) ₹5940
25. 25.What is the simple interest on ₹8500 at 11% per year for 5 years? (a) ₹13175 (b) ₹5610 (c) ₹935 (d) ₹4675
26. 26.₹8000 is invested at 6% per year simple interest. What is the amount after 4 years? (a) ₹1920 (b) ₹8480 (c) ₹9920 (d) ₹10400
27. 27.The simple interest on ₹5000 for 3 years is ₹1350. What is the rate per year? (a) 27% (b) 9% (c) 10% (d) 8%
28. 28.₹1500 is invested at 9% per year simple interest. What is the amount after 5 years? (a) ₹675 (b) ₹1635 (c) ₹2310 (d) ₹2175
29. 29.The simple interest on ₹6000 for 3 years is ₹540. What is the rate per year? (a) 4% (b) 3% (c) 2% (d) 9%
30. 30.What is the simple interest on ₹9500 at 11% per year for 3 years? (a) ₹12635 (b) ₹1045 (c) ₹3135 (d) ₹4180
31. 31.What is the simple interest on ₹5000 at 2% per year for 5 years? (a) ₹500 (b) ₹100 (c) ₹5500 (d) ₹600
32. 32.What is the simple interest on ₹1500 at 2% per year for 4 years? (a) ₹120 (b) ₹1620 (c) ₹150 (d) ₹30
33. 33.The simple interest on ₹9500 for 3 years is ₹1710. What is the rate per year? (a) 18% (b) 7% (c) 6% (d) 5%
34. 34.What is the simple interest on ₹5000 at 9% per year for 2 years? (a) ₹450 (b) ₹5900 (c) ₹1350 (d) ₹900
35. 35.₹1500 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹1575 (b) ₹150 (c) ₹1725 (d) ₹1650
36. 36.₹6500 is invested at 11% per year simple interest. What is the amount after 4 years? (a) ₹9360 (b) ₹10075 (c) ₹7215 (d) ₹2860
37. 37.The simple interest on ₹5500 for 3 years is ₹1815. What is the rate per year? (a) 10% (b) 33% (c) 11% (d) 12%
38. 38.What is the simple interest on ₹10000 at 10% per year for 2 years? (a) ₹3000 (b) ₹12000 (c) ₹1000 (d) ₹2000
39. 39.₹1500 is invested at 10% per year simple interest. What is the amount after 2 years? (a) ₹1650 (b) ₹1950 (c) ₹300 (d) ₹1800
40. 40.In how many years will ₹3000 earn ₹1080 simple interest at 12% per year? (a) 2 years (b) 6 years (c) 3 years (d) 4 years

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