Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 706 · 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.In how many years will ₹4000 earn ₹480 simple interest at 6% per year? (a) 4 years (b) 3 years (c) 1 year (d) 2 years
2. 2.The simple interest on ₹5500 for 2 years is ₹220. What is the rate per year? (a) 3% (b) 1% (c) 2% (d) 4%
3. 3.In how many years will ₹4500 earn ₹1440 simple interest at 8% per year? (a) 3 years (b) 4 years (c) 8 years (d) 5 years
4. 4.The simple interest on ₹2500 for 3 years is ₹600. What is the rate per year? (a) 8% (b) 24% (c) 7% (d) 9%
5. 5.What is the simple interest on ₹4500 at 7% per year for 5 years? (a) ₹1890 (b) ₹315 (c) ₹1575 (d) ₹6075
6. 6.In how many years will ₹9500 earn ₹4750 simple interest at 10% per year? (a) 6 years (b) 5 years (c) 4 years (d) 10 years
7. 7.₹9500 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹10925 (b) ₹9975 (c) ₹1425 (d) ₹11400
8. 8.₹7500 is invested at 10% per year simple interest. What is the amount after 5 years? (a) ₹11250 (b) ₹3750 (c) ₹8250 (d) ₹12000
9. 9.In how many years will ₹1500 earn ₹120 simple interest at 2% per year? (a) 8 years (b) 3 years (c) 4 years (d) 5 years
10. 10.What is the simple interest on ₹5000 at 8% per year for 5 years? (a) ₹2000 (b) ₹2400 (c) ₹7000 (d) ₹400
11. 11.What is the simple interest on ₹9500 at 6% per year for 3 years? (a) ₹2280 (b) ₹11210 (c) ₹1710 (d) ₹570
12. 12.The simple interest on ₹7000 for 2 years is ₹560. What is the rate per year? (a) 8% (b) 4% (c) 5% (d) 3%
13. 13.The simple interest on ₹5500 for 4 years is ₹1320. What is the rate per year? (a) 7% (b) 24% (c) 5% (d) 6%
14. 14.₹2500 is invested at 10% per year simple interest. What is the amount after 5 years? (a) ₹2750 (b) ₹4000 (c) ₹3750 (d) ₹1250
15. 15.What is the simple interest on ₹6500 at 11% per year for 4 years? (a) ₹715 (b) ₹9360 (c) ₹3575 (d) ₹2860
16. 16.What is the simple interest on ₹5000 at 4% per year for 3 years? (a) ₹200 (b) ₹600 (c) ₹800 (d) ₹5600
17. 17.In how many years will ₹5000 earn ₹1800 simple interest at 9% per year? (a) 8 years (b) 3 years (c) 4 years (d) 5 years
18. 18.What is the simple interest on ₹4500 at 3% per year for 4 years? (a) ₹135 (b) ₹5040 (c) ₹540 (d) ₹675
19. 19.In how many years will ₹2500 earn ₹100 simple interest at 2% per year? (a) 3 years (b) 4 years (c) 2 years (d) 1 year
20. 20.The simple interest on ₹4000 for 3 years is ₹480. What is the rate per year? (a) 5% (b) 12% (c) 4% (d) 3%
21. 21.The simple interest on ₹1500 for 5 years is ₹675. What is the rate per year? (a) 45% (b) 8% (c) 9% (d) 10%
22. 22.What is the simple interest on ₹1500 at 2% per year for 3 years? (a) ₹30 (b) ₹1590 (c) ₹120 (d) ₹90
23. 23.₹1500 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹1950 (b) ₹1590 (c) ₹2040 (d) ₹450
24. 24.What is the simple interest on ₹2000 at 5% per year for 2 years? (a) ₹100 (b) ₹300 (c) ₹2200 (d) ₹200
25. 25.What is the simple interest on ₹4500 at 3% per year for 5 years? (a) ₹810 (b) ₹135 (c) ₹5175 (d) ₹675
26. 26.What is the simple interest on ₹3500 at 10% per year for 4 years? (a) ₹1750 (b) ₹1400 (c) ₹350 (d) ₹4900
27. 27.The simple interest on ₹3000 for 2 years is ₹600. What is the rate per year? (a) 20% (b) 9% (c) 10% (d) 11%
28. 28.The simple interest on ₹5500 for 5 years is ₹2200. What is the rate per year? (a) 9% (b) 40% (c) 7% (d) 8%
29. 29.₹8000 is invested at 12% per year simple interest. What is the amount after 2 years? (a) ₹10880 (b) ₹9920 (c) ₹8960 (d) ₹1920
30. 30.₹3500 is invested at 5% per year simple interest. What is the amount after 4 years? (a) ₹700 (b) ₹3675 (c) ₹4200 (d) ₹4375
31. 31.₹4500 is invested at 12% per year simple interest. What is the amount after 3 years? (a) ₹6660 (b) ₹6120 (c) ₹5040 (d) ₹1620
32. 32.₹3000 is invested at 6% per year simple interest. What is the amount after 2 years? (a) ₹3540 (b) ₹3180 (c) ₹3360 (d) ₹360
33. 33.The simple interest on ₹2500 for 4 years is ₹1000. What is the rate per year? (a) 11% (b) 40% (c) 10% (d) 9%
34. 34.What is the simple interest on ₹5500 at 5% per year for 4 years? (a) ₹1375 (b) ₹1100 (c) ₹6600 (d) ₹275
35. 35.₹9500 is invested at 8% per year simple interest. What is the amount after 5 years? (a) ₹14060 (b) ₹3800 (c) ₹10260 (d) ₹13300
36. 36.In how many years will ₹2000 earn ₹660 simple interest at 11% per year? (a) 6 years (b) 3 years (c) 2 years (d) 4 years
37. 37.What is the simple interest on ₹1500 at 8% per year for 2 years? (a) ₹240 (b) ₹360 (c) ₹1740 (d) ₹120
38. 38.In how many years will ₹5000 earn ₹600 simple interest at 4% per year? (a) 6 years (b) 3 years (c) 4 years (d) 2 years
39. 39.₹3000 is invested at 3% per year simple interest. What is the amount after 4 years? (a) ₹3450 (b) ₹360 (c) ₹3090 (d) ₹3360
40. 40.The simple interest on ₹3500 for 2 years is ₹210. What is the rate per year? (a) 4% (b) 6% (c) 2% (d) 3%

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