Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 761 · 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.₹4000 is invested at 4% per year simple interest. What is the amount after 4 years? (a) ₹640 (b) ₹4640 (c) ₹4160 (d) ₹4800
2. 2.What is the simple interest on ₹5500 at 8% per year for 3 years? (a) ₹1320 (b) ₹6820 (c) ₹440 (d) ₹1760
3. 3.In how many years will ₹6000 earn ₹900 simple interest at 3% per year? (a) 5 years (b) 10 years (c) 4 years (d) 6 years
4. 4.₹9500 is invested at 10% per year simple interest. What is the amount after 2 years? (a) ₹1900 (b) ₹12350 (c) ₹11400 (d) ₹10450
5. 5.In how many years will ₹7000 earn ₹2310 simple interest at 11% per year? (a) 2 years (b) 3 years (c) 6 years (d) 4 years
6. 6.₹8000 is invested at 8% per year simple interest. What is the amount after 5 years? (a) ₹11840 (b) ₹11200 (c) ₹3200 (d) ₹8640
7. 7.What is the simple interest on ₹2500 at 11% per year for 2 years? (a) ₹825 (b) ₹550 (c) ₹3050 (d) ₹275
8. 8.In how many years will ₹10000 earn ₹2700 simple interest at 9% per year? (a) 2 years (b) 4 years (c) 6 years (d) 3 years
9. 9.The simple interest on ₹8500 for 5 years is ₹1700. What is the rate per year? (a) 20% (b) 3% (c) 5% (d) 4%
10. 10.₹1000 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹1150 (b) ₹150 (c) ₹1200 (d) ₹1050
11. 11.In how many years will ₹2500 earn ₹500 simple interest at 4% per year? (a) 10 years (b) 5 years (c) 6 years (d) 4 years
12. 12.What is the simple interest on ₹7500 at 6% per year for 3 years? (a) ₹1800 (b) ₹8850 (c) ₹1350 (d) ₹450
13. 13.What is the simple interest on ₹2500 at 3% per year for 2 years? (a) ₹75 (b) ₹150 (c) ₹225 (d) ₹2650
14. 14.₹1500 is invested at 9% per year simple interest. What is the amount after 2 years? (a) ₹1905 (b) ₹1635 (c) ₹270 (d) ₹1770
15. 15.₹1500 is invested at 4% per year simple interest. What is the amount after 5 years? (a) ₹1860 (b) ₹1560 (c) ₹1800 (d) ₹300
16. 16.The simple interest on ₹1500 for 2 years is ₹240. What is the rate per year? (a) 16% (b) 9% (c) 7% (d) 8%
17. 17.₹3000 is invested at 6% per year simple interest. What is the amount after 2 years? (a) ₹360 (b) ₹3540 (c) ₹3180 (d) ₹3360
18. 18.What is the simple interest on ₹4000 at 3% per year for 5 years? (a) ₹600 (b) ₹4600 (c) ₹720 (d) ₹120
19. 19.In how many years will ₹7500 earn ₹3600 simple interest at 12% per year? (a) 5 years (b) 4 years (c) 8 years (d) 3 years
20. 20.In how many years will ₹4000 earn ₹1600 simple interest at 8% per year? (a) 6 years (b) 4 years (c) 10 years (d) 5 years
21. 21.In how many years will ₹5000 earn ₹400 simple interest at 4% per year? (a) 4 years (b) 3 years (c) 2 years (d) 1 year
22. 22.The simple interest on ₹7500 for 3 years is ₹675. What is the rate per year? (a) 9% (b) 3% (c) 4% (d) 2%
23. 23.What is the simple interest on ₹9000 at 8% per year for 2 years? (a) ₹720 (b) ₹1440 (c) ₹10440 (d) ₹2160
24. 24.₹7500 is invested at 10% per year simple interest. What is the amount after 3 years? (a) ₹10500 (b) ₹8250 (c) ₹9750 (d) ₹2250
25. 25.₹3000 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹3090 (b) ₹180 (c) ₹3180 (d) ₹3270
26. 26.₹10000 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹10300 (b) ₹10600 (c) ₹600 (d) ₹10900
27. 27.₹1500 is invested at 7% per year simple interest. What is the amount after 3 years? (a) ₹1920 (b) ₹1605 (c) ₹315 (d) ₹1815
28. 28.The simple interest on ₹7500 for 2 years is ₹600. What is the rate per year? (a) 8% (b) 4% (c) 3% (d) 5%
29. 29.₹9000 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹9180 (b) ₹900 (c) ₹9900 (d) ₹10080
30. 30.What is the simple interest on ₹1500 at 2% per year for 2 years? (a) ₹1560 (b) ₹30 (c) ₹60 (d) ₹90
31. 31.What is the simple interest on ₹8500 at 2% per year for 4 years? (a) ₹680 (b) ₹170 (c) ₹850 (d) ₹9180
32. 32.The simple interest on ₹6500 for 5 years is ₹3250. What is the rate per year? (a) 11% (b) 10% (c) 9% (d) 50%
33. 33.The simple interest on ₹7500 for 2 years is ₹1350. What is the rate per year? (a) 8% (b) 9% (c) 10% (d) 18%
34. 34.What is the simple interest on ₹9500 at 2% per year for 3 years? (a) ₹760 (b) ₹190 (c) ₹10070 (d) ₹570
35. 35.What is the simple interest on ₹4000 at 9% per year for 4 years? (a) ₹360 (b) ₹1800 (c) ₹1440 (d) ₹5440
36. 36.What is the simple interest on ₹2000 at 12% per year for 5 years? (a) ₹3200 (b) ₹240 (c) ₹1200 (d) ₹1440
37. 37.₹1500 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹1590 (b) ₹2040 (c) ₹1950 (d) ₹450
38. 38.₹6000 is invested at 3% per year simple interest. What is the amount after 5 years? (a) ₹6900 (b) ₹7080 (c) ₹6180 (d) ₹900
39. 39.What is the simple interest on ₹3500 at 12% per year for 3 years? (a) ₹1680 (b) ₹1260 (c) ₹4760 (d) ₹420
40. 40.In how many years will ₹3000 earn ₹180 simple interest at 3% per year? (a) 3 years (b) 1 year (c) 2 years (d) 4 years

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