Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 774 · 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.The simple interest on ₹1000 for 2 years is ₹240. What is the rate per year? (a) 11% (b) 12% (c) 13% (d) 24%
2. 2.What is the simple interest on ₹3500 at 2% per year for 3 years? (a) ₹70 (b) ₹3710 (c) ₹210 (d) ₹280
3. 3.₹5000 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹5100 (b) ₹300 (c) ₹5400 (d) ₹5300
4. 4.₹5000 is invested at 2% per year simple interest. What is the amount after 4 years? (a) ₹5500 (b) ₹5100 (c) ₹5400 (d) ₹400
5. 5.The simple interest on ₹6500 for 2 years is ₹1430. What is the rate per year? (a) 10% (b) 11% (c) 12% (d) 22%
6. 6.₹6500 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹6630 (b) ₹6890 (c) ₹7020 (d) ₹390
7. 7.₹1000 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹1300 (b) ₹1060 (c) ₹300 (d) ₹1360
8. 8.The simple interest on ₹6500 for 5 years is ₹975. What is the rate per year? (a) 3% (b) 2% (c) 15% (d) 4%
9. 9.What is the simple interest on ₹5500 at 8% per year for 2 years? (a) ₹6380 (b) ₹880 (c) ₹1320 (d) ₹440
10. 10.What is the simple interest on ₹1500 at 3% per year for 4 years? (a) ₹1680 (b) ₹225 (c) ₹45 (d) ₹180
11. 11.In how many years will ₹5000 earn ₹300 simple interest at 3% per year? (a) 2 years (b) 4 years (c) 3 years (d) 1 year
12. 12.In how many years will ₹4500 earn ₹270 simple interest at 3% per year? (a) 3 years (b) 4 years (c) 2 years (d) 1 year
13. 13.In how many years will ₹1500 earn ₹300 simple interest at 10% per year? (a) 2 years (b) 1 year (c) 4 years (d) 3 years
14. 14.What is the simple interest on ₹3500 at 12% per year for 5 years? (a) ₹420 (b) ₹2100 (c) ₹5600 (d) ₹2520
15. 15.The simple interest on ₹6500 for 4 years is ₹1560. What is the rate per year? (a) 24% (b) 7% (c) 6% (d) 5%
16. 16.What is the simple interest on ₹10000 at 4% per year for 3 years? (a) ₹1600 (b) ₹400 (c) ₹1200 (d) ₹11200
17. 17.₹6500 is invested at 4% per year simple interest. What is the amount after 2 years? (a) ₹520 (b) ₹6760 (c) ₹7020 (d) ₹7280
18. 18.The simple interest on ₹2000 for 5 years is ₹1100. What is the rate per year? (a) 12% (b) 11% (c) 10% (d) 55%
19. 19.₹5500 is invested at 5% per year simple interest. What is the amount after 3 years? (a) ₹5775 (b) ₹6325 (c) ₹6600 (d) ₹825
20. 20.₹4000 is invested at 8% per year simple interest. What is the amount after 3 years? (a) ₹960 (b) ₹5280 (c) ₹4960 (d) ₹4320
21. 21.The simple interest on ₹6500 for 3 years is ₹1170. What is the rate per year? (a) 5% (b) 6% (c) 18% (d) 7%
22. 22.What is the simple interest on ₹1000 at 2% per year for 4 years? (a) ₹80 (b) ₹20 (c) ₹100 (d) ₹1080
23. 23.What is the simple interest on ₹1000 at 11% per year for 3 years? (a) ₹330 (b) ₹1330 (c) ₹110 (d) ₹440
24. 24.₹1500 is invested at 2% per year simple interest. What is the amount after 3 years? (a) ₹90 (b) ₹1590 (c) ₹1530 (d) ₹1620
25. 25.What is the simple interest on ₹6000 at 7% per year for 2 years? (a) ₹1260 (b) ₹840 (c) ₹420 (d) ₹6840
26. 26.The simple interest on ₹6000 for 5 years is ₹1500. What is the rate per year? (a) 25% (b) 4% (c) 5% (d) 6%
27. 27.In how many years will ₹9000 earn ₹810 simple interest at 3% per year? (a) 4 years (b) 2 years (c) 3 years (d) 6 years
28. 28.What is the simple interest on ₹3000 at 5% per year for 2 years? (a) ₹450 (b) ₹150 (c) ₹300 (d) ₹3300
29. 29.What is the simple interest on ₹8500 at 9% per year for 2 years? (a) ₹2295 (b) ₹765 (c) ₹1530 (d) ₹10030
30. 30.₹2000 is invested at 8% per year simple interest. What is the amount after 3 years? (a) ₹480 (b) ₹2640 (c) ₹2480 (d) ₹2160
31. 31.₹7500 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹8625 (b) ₹8250 (c) ₹750 (d) ₹7875
32. 32.₹1500 is invested at 10% per year simple interest. What is the amount after 3 years? (a) ₹1950 (b) ₹450 (c) ₹2100 (d) ₹1650
33. 33.The simple interest on ₹2000 for 2 years is ₹80. What is the rate per year? (a) 3% (b) 2% (c) 1% (d) 4%
34. 34.₹5500 is invested at 2% per year simple interest. What is the amount after 5 years? (a) ₹550 (b) ₹6050 (c) ₹5610 (d) ₹6160
35. 35.₹3000 is invested at 7% per year simple interest. What is the amount after 2 years? (a) ₹3420 (b) ₹3630 (c) ₹3210 (d) ₹420
36. 36.What is the simple interest on ₹4000 at 12% per year for 3 years? (a) ₹5440 (b) ₹480 (c) ₹1920 (d) ₹1440
37. 37.₹3000 is invested at 3% per year simple interest. What is the amount after 4 years? (a) ₹360 (b) ₹3090 (c) ₹3450 (d) ₹3360
38. 38.₹8500 is invested at 9% per year simple interest. What is the amount after 2 years? (a) ₹9265 (b) ₹1530 (c) ₹10795 (d) ₹10030
39. 39.In how many years will ₹5000 earn ₹2400 simple interest at 12% per year? (a) 5 years (b) 4 years (c) 8 years (d) 3 years
40. 40.In how many years will ₹5500 earn ₹990 simple interest at 9% per year? (a) 2 years (b) 4 years (c) 1 year (d) 3 years

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