Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 615 · 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.₹6500 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹7085 (b) ₹6890 (c) ₹390 (d) ₹6695
2. 2.What is the simple interest on ₹8000 at 8% per year for 5 years? (a) ₹640 (b) ₹3840 (c) ₹11200 (d) ₹3200
3. 3.₹9000 is invested at 8% per year simple interest. What is the amount after 3 years? (a) ₹11880 (b) ₹2160 (c) ₹9720 (d) ₹11160
4. 4.What is the simple interest on ₹1000 at 9% per year for 4 years? (a) ₹450 (b) ₹90 (c) ₹360 (d) ₹1360
5. 5.In how many years will ₹3000 earn ₹270 simple interest at 3% per year? (a) 6 years (b) 2 years (c) 4 years (d) 3 years
6. 6.In how many years will ₹9500 earn ₹760 simple interest at 2% per year? (a) 5 years (b) 8 years (c) 4 years (d) 3 years
7. 7.In how many years will ₹8500 earn ₹1020 simple interest at 6% per year? (a) 4 years (b) 1 year (c) 3 years (d) 2 years
8. 8.The simple interest on ₹6000 for 2 years is ₹1200. What is the rate per year? (a) 10% (b) 9% (c) 11% (d) 20%
9. 9.What is the simple interest on ₹6000 at 10% per year for 5 years? (a) ₹600 (b) ₹9000 (c) ₹3000 (d) ₹3600
10. 10.₹3500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹3780 (b) ₹280 (c) ₹3920 (d) ₹3640
11. 11.The simple interest on ₹10000 for 5 years is ₹2000. What is the rate per year? (a) 4% (b) 20% (c) 3% (d) 5%
12. 12.The simple interest on ₹9500 for 5 years is ₹5225. What is the rate per year? (a) 55% (b) 10% (c) 11% (d) 12%
13. 13.The simple interest on ₹7500 for 5 years is ₹3000. What is the rate per year? (a) 7% (b) 40% (c) 9% (d) 8%
14. 14.What is the simple interest on ₹8000 at 3% per year for 5 years? (a) ₹1200 (b) ₹1440 (c) ₹9200 (d) ₹240
15. 15.In how many years will ₹3000 earn ₹1440 simple interest at 12% per year? (a) 4 years (b) 3 years (c) 5 years (d) 8 years
16. 16.In how many years will ₹1500 earn ₹315 simple interest at 7% per year? (a) 6 years (b) 2 years (c) 4 years (d) 3 years
17. 17.In how many years will ₹1000 earn ₹220 simple interest at 11% per year? (a) 1 year (b) 2 years (c) 3 years (d) 4 years
18. 18.In how many years will ₹5000 earn ₹1600 simple interest at 8% per year? (a) 5 years (b) 4 years (c) 3 years (d) 8 years
19. 19.What is the simple interest on ₹9500 at 8% per year for 4 years? (a) ₹3800 (b) ₹12540 (c) ₹3040 (d) ₹760
20. 20.What is the simple interest on ₹3000 at 2% per year for 4 years? (a) ₹300 (b) ₹3240 (c) ₹240 (d) ₹60
21. 21.The simple interest on ₹1500 for 5 years is ₹600. What is the rate per year? (a) 7% (b) 40% (c) 9% (d) 8%
22. 22.What is the simple interest on ₹9500 at 11% per year for 4 years? (a) ₹5225 (b) ₹13680 (c) ₹1045 (d) ₹4180
23. 23.In how many years will ₹5000 earn ₹600 simple interest at 3% per year? (a) 8 years (b) 5 years (c) 3 years (d) 4 years
24. 24.What is the simple interest on ₹10000 at 11% per year for 5 years? (a) ₹5500 (b) ₹1100 (c) ₹6600 (d) ₹15500
25. 25.What is the simple interest on ₹8000 at 3% per year for 3 years? (a) ₹960 (b) ₹8720 (c) ₹240 (d) ₹720
26. 26.What is the simple interest on ₹2500 at 6% per year for 3 years? (a) ₹450 (b) ₹2950 (c) ₹600 (d) ₹150
27. 27.The simple interest on ₹3500 for 2 years is ₹350. What is the rate per year? (a) 5% (b) 10% (c) 6% (d) 4%
28. 28.₹7500 is invested at 8% per year simple interest. What is the amount after 5 years? (a) ₹3000 (b) ₹8100 (c) ₹11100 (d) ₹10500
29. 29.In how many years will ₹6500 earn ₹2080 simple interest at 8% per year? (a) 8 years (b) 5 years (c) 4 years (d) 3 years
30. 30.What is the simple interest on ₹1500 at 8% per year for 2 years? (a) ₹1740 (b) ₹120 (c) ₹360 (d) ₹240
31. 31.In how many years will ₹2000 earn ₹240 simple interest at 6% per year? (a) 4 years (b) 3 years (c) 2 years (d) 1 year
32. 32.The simple interest on ₹4000 for 2 years is ₹800. What is the rate per year? (a) 11% (b) 20% (c) 9% (d) 10%
33. 33.The simple interest on ₹8000 for 5 years is ₹3600. What is the rate per year? (a) 45% (b) 9% (c) 8% (d) 10%
34. 34.₹5500 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹6875 (b) ₹7150 (c) ₹5775 (d) ₹1375
35. 35.What is the simple interest on ₹2500 at 5% per year for 2 years? (a) ₹2750 (b) ₹125 (c) ₹250 (d) ₹375
36. 36.The simple interest on ₹10000 for 5 years is ₹4500. What is the rate per year? (a) 9% (b) 10% (c) 45% (d) 8%
37. 37.In how many years will ₹8000 earn ₹1440 simple interest at 9% per year? (a) 2 years (b) 3 years (c) 1 year (d) 4 years
38. 38.The simple interest on ₹1500 for 3 years is ₹495. What is the rate per year? (a) 11% (b) 12% (c) 33% (d) 10%
39. 39.₹1500 is invested at 8% per year simple interest. What is the amount after 3 years? (a) ₹1980 (b) ₹1620 (c) ₹1860 (d) ₹360
40. 40.The simple interest on ₹1000 for 4 years is ₹400. What is the rate per year? (a) 10% (b) 11% (c) 9% (d) 40%

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