Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 719 · 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.₹1000 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹1060 (b) ₹1040 (c) ₹40 (d) ₹1020
2. 2.In how many years will ₹3500 earn ₹350 simple interest at 5% per year? (a) 2 years (b) 4 years (c) 3 years (d) 1 year
3. 3.What is the simple interest on ₹1000 at 10% per year for 2 years? (a) ₹100 (b) ₹1200 (c) ₹300 (d) ₹200
4. 4.What is the simple interest on ₹1000 at 9% per year for 4 years? (a) ₹450 (b) ₹360 (c) ₹90 (d) ₹1360
5. 5.In how many years will ₹1000 earn ₹240 simple interest at 12% per year? (a) 1 year (b) 2 years (c) 4 years (d) 3 years
6. 6.What is the simple interest on ₹5000 at 2% per year for 5 years? (a) ₹5500 (b) ₹500 (c) ₹100 (d) ₹600
7. 7.In how many years will ₹2500 earn ₹1000 simple interest at 10% per year? (a) 3 years (b) 5 years (c) 8 years (d) 4 years
8. 8.In how many years will ₹2500 earn ₹750 simple interest at 6% per year? (a) 4 years (b) 5 years (c) 6 years (d) 10 years
9. 9.What is the simple interest on ₹10000 at 3% per year for 4 years? (a) ₹1500 (b) ₹11200 (c) ₹300 (d) ₹1200
10. 10.The simple interest on ₹6500 for 5 years is ₹975. What is the rate per year? (a) 4% (b) 3% (c) 2% (d) 15%
11. 11.In how many years will ₹9000 earn ₹540 simple interest at 3% per year? (a) 3 years (b) 2 years (c) 1 year (d) 4 years
12. 12.What is the simple interest on ₹9000 at 9% per year for 4 years? (a) ₹12240 (b) ₹810 (c) ₹3240 (d) ₹4050
13. 13.₹2500 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹3250 (b) ₹2625 (c) ₹3125 (d) ₹625
14. 14.The simple interest on ₹4500 for 3 years is ₹540. What is the rate per year? (a) 12% (b) 3% (c) 4% (d) 5%
15. 15.What is the simple interest on ₹4000 at 5% per year for 5 years? (a) ₹5000 (b) ₹200 (c) ₹1000 (d) ₹1200
16. 16.What is the simple interest on ₹7000 at 5% per year for 5 years? (a) ₹350 (b) ₹2100 (c) ₹8750 (d) ₹1750
17. 17.The simple interest on ₹9000 for 2 years is ₹1800. What is the rate per year? (a) 10% (b) 20% (c) 9% (d) 11%
18. 18.In how many years will ₹4500 earn ₹1350 simple interest at 6% per year? (a) 5 years (b) 6 years (c) 10 years (d) 4 years
19. 19.The simple interest on ₹9000 for 5 years is ₹4050. What is the rate per year? (a) 8% (b) 10% (c) 9% (d) 45%
20. 20.₹1000 is invested at 4% per year simple interest. What is the amount after 5 years? (a) ₹200 (b) ₹1200 (c) ₹1040 (d) ₹1240
21. 21.In how many years will ₹9500 earn ₹950 simple interest at 5% per year? (a) 3 years (b) 4 years (c) 1 year (d) 2 years
22. 22.The simple interest on ₹2000 for 3 years is ₹480. What is the rate per year? (a) 7% (b) 24% (c) 9% (d) 8%
23. 23.What is the simple interest on ₹8500 at 8% per year for 3 years? (a) ₹2720 (b) ₹10540 (c) ₹2040 (d) ₹680
24. 24.What is the simple interest on ₹6000 at 5% per year for 3 years? (a) ₹6900 (b) ₹300 (c) ₹1200 (d) ₹900
25. 25.In how many years will ₹7500 earn ₹2025 simple interest at 9% per year? (a) 2 years (b) 4 years (c) 3 years (d) 6 years
26. 26.What is the simple interest on ₹7000 at 10% per year for 2 years? (a) ₹2100 (b) ₹8400 (c) ₹700 (d) ₹1400
27. 27.₹8500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹680 (b) ₹9520 (c) ₹8840 (d) ₹9180
28. 28.The simple interest on ₹10000 for 2 years is ₹1600. What is the rate per year? (a) 7% (b) 9% (c) 16% (d) 8%
29. 29.In how many years will ₹5000 earn ₹500 simple interest at 2% per year? (a) 4 years (b) 6 years (c) 10 years (d) 5 years
30. 30.What is the simple interest on ₹1000 at 4% per year for 2 years? (a) ₹40 (b) ₹80 (c) ₹1080 (d) ₹120
31. 31.The simple interest on ₹8500 for 3 years is ₹2040. What is the rate per year? (a) 24% (b) 9% (c) 8% (d) 7%
32. 32.The simple interest on ₹3500 for 2 years is ₹490. What is the rate per year? (a) 14% (b) 8% (c) 7% (d) 6%
33. 33.The simple interest on ₹6000 for 4 years is ₹2160. What is the rate per year? (a) 9% (b) 10% (c) 8% (d) 36%
34. 34.What is the simple interest on ₹2500 at 2% per year for 2 years? (a) ₹2600 (b) ₹50 (c) ₹150 (d) ₹100
35. 35.₹3000 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹3270 (b) ₹3180 (c) ₹3090 (d) ₹180
36. 36.The simple interest on ₹10000 for 3 years is ₹1800. What is the rate per year? (a) 7% (b) 5% (c) 6% (d) 18%
37. 37.What is the simple interest on ₹9000 at 4% per year for 2 years? (a) ₹360 (b) ₹9720 (c) ₹720 (d) ₹1080
38. 38.In how many years will ₹1000 earn ₹270 simple interest at 9% per year? (a) 4 years (b) 3 years (c) 6 years (d) 2 years
39. 39.₹5000 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹6800 (b) ₹1500 (c) ₹5300 (d) ₹6500
40. 40.In how many years will ₹9000 earn ₹1980 simple interest at 11% per year? (a) 4 years (b) 3 years (c) 2 years (d) 1 year

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