Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 702 · 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 ₹8500 at 9% per year for 3 years? (a) ₹10795 (b) ₹765 (c) ₹2295 (d) ₹3060
2. 2.₹1500 is invested at 6% per year simple interest. What is the amount after 2 years? (a) ₹1680 (b) ₹1590 (c) ₹180 (d) ₹1770
3. 3.₹4500 is invested at 8% per year simple interest. What is the amount after 2 years? (a) ₹4860 (b) ₹720 (c) ₹5220 (d) ₹5580
4. 4.What is the simple interest on ₹7500 at 3% per year for 2 years? (a) ₹450 (b) ₹675 (c) ₹225 (d) ₹7950
5. 5.What is the simple interest on ₹4000 at 2% per year for 3 years? (a) ₹80 (b) ₹240 (c) ₹320 (d) ₹4240
6. 6.What is the simple interest on ₹1500 at 5% per year for 2 years? (a) ₹75 (b) ₹1650 (c) ₹225 (d) ₹150
7. 7.The simple interest on ₹9500 for 5 years is ₹5700. What is the rate per year? (a) 11% (b) 13% (c) 60% (d) 12%
8. 8.The simple interest on ₹4000 for 3 years is ₹1200. What is the rate per year? (a) 10% (b) 11% (c) 30% (d) 9%
9. 9.The simple interest on ₹8500 for 2 years is ₹680. What is the rate per year? (a) 5% (b) 4% (c) 8% (d) 3%
10. 10.What is the simple interest on ₹10000 at 8% per year for 4 years? (a) ₹4000 (b) ₹800 (c) ₹3200 (d) ₹13200
11. 11.What is the simple interest on ₹3500 at 11% per year for 2 years? (a) ₹385 (b) ₹770 (c) ₹1155 (d) ₹4270
12. 12.What is the simple interest on ₹8500 at 12% per year for 5 years? (a) ₹1020 (b) ₹5100 (c) ₹6120 (d) ₹13600
13. 13.₹10000 is invested at 7% per year simple interest. What is the amount after 4 years? (a) ₹13500 (b) ₹10700 (c) ₹12800 (d) ₹2800
14. 14.₹4500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹360 (b) ₹4860 (c) ₹5040 (d) ₹4680
15. 15.What is the simple interest on ₹3500 at 10% per year for 3 years? (a) ₹1400 (b) ₹350 (c) ₹4550 (d) ₹1050
16. 16.₹2000 is invested at 10% per year simple interest. What is the amount after 5 years? (a) ₹1000 (b) ₹3000 (c) ₹2200 (d) ₹3200
17. 17.What is the simple interest on ₹8500 at 7% per year for 3 years? (a) ₹595 (b) ₹10285 (c) ₹2380 (d) ₹1785
18. 18.What is the simple interest on ₹3000 at 6% per year for 2 years? (a) ₹540 (b) ₹3360 (c) ₹180 (d) ₹360
19. 19.The simple interest on ₹5000 for 2 years is ₹300. What is the rate per year? (a) 3% (b) 6% (c) 4% (d) 2%
20. 20.₹6500 is invested at 8% per year simple interest. What is the amount after 5 years? (a) ₹2600 (b) ₹7020 (c) ₹9620 (d) ₹9100
21. 21.In how many years will ₹2000 earn ₹1000 simple interest at 10% per year? (a) 6 years (b) 4 years (c) 10 years (d) 5 years
22. 22.In how many years will ₹1500 earn ₹750 simple interest at 10% per year? (a) 6 years (b) 5 years (c) 10 years (d) 4 years
23. 23.In how many years will ₹5500 earn ₹825 simple interest at 3% per year? (a) 5 years (b) 10 years (c) 4 years (d) 6 years
24. 24.₹5500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹5940 (b) ₹5720 (c) ₹6160 (d) ₹440
25. 25.₹2000 is invested at 2% per year simple interest. What is the amount after 4 years? (a) ₹2040 (b) ₹2200 (c) ₹160 (d) ₹2160
26. 26.The simple interest on ₹4500 for 2 years is ₹900. What is the rate per year? (a) 20% (b) 11% (c) 9% (d) 10%
27. 27.₹2500 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹2725 (b) ₹2575 (c) ₹2650 (d) ₹150
28. 28.What is the simple interest on ₹8500 at 2% per year for 5 years? (a) ₹1020 (b) ₹850 (c) ₹170 (d) ₹9350
29. 29.₹9000 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹900 (b) ₹10350 (c) ₹9450 (d) ₹9900
30. 30.What is the simple interest on ₹3500 at 3% per year for 4 years? (a) ₹525 (b) ₹3920 (c) ₹105 (d) ₹420
31. 31.What is the simple interest on ₹5000 at 8% per year for 2 years? (a) ₹5800 (b) ₹1200 (c) ₹800 (d) ₹400
32. 32.₹3500 is invested at 4% per year simple interest. What is the amount after 3 years? (a) ₹4060 (b) ₹3920 (c) ₹3640 (d) ₹420
33. 33.What is the simple interest on ₹1000 at 11% per year for 3 years? (a) ₹330 (b) ₹440 (c) ₹110 (d) ₹1330
34. 34.₹4000 is invested at 10% per year simple interest. What is the amount after 5 years? (a) ₹2000 (b) ₹6000 (c) ₹6400 (d) ₹4400
35. 35.₹1000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹1300 (b) ₹1050 (c) ₹1250 (d) ₹250
36. 36.What is the simple interest on ₹2500 at 12% per year for 5 years? (a) ₹1800 (b) ₹300 (c) ₹1500 (d) ₹4000
37. 37.₹6000 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹6360 (b) ₹6480 (c) ₹6120 (d) ₹360
38. 38.₹3000 is invested at 4% per year simple interest. What is the amount after 5 years? (a) ₹3720 (b) ₹600 (c) ₹3120 (d) ₹3600
39. 39.In how many years will ₹7500 earn ₹750 simple interest at 2% per year? (a) 6 years (b) 10 years (c) 5 years (d) 4 years
40. 40.What is the simple interest on ₹2000 at 10% per year for 3 years? (a) ₹200 (b) ₹2600 (c) ₹800 (d) ₹600

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