Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 823 · 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 ₹3500 at 3% per year for 4 years? (a) ₹3920 (b) ₹105 (c) ₹420 (d) ₹525
2. 2.₹9500 is invested at 11% per year simple interest. What is the amount after 5 years? (a) ₹5225 (b) ₹15770 (c) ₹10545 (d) ₹14725
3. 3.₹1500 is invested at 8% per year simple interest. What is the amount after 4 years? (a) ₹1620 (b) ₹2100 (c) ₹480 (d) ₹1980
4. 4.What is the simple interest on ₹7500 at 7% per year for 3 years? (a) ₹525 (b) ₹2100 (c) ₹1575 (d) ₹9075
5. 5.The simple interest on ₹2000 for 2 years is ₹160. What is the rate per year? (a) 5% (b) 3% (c) 4% (d) 8%
6. 6.In how many years will ₹5000 earn ₹2000 simple interest at 8% per year? (a) 10 years (b) 5 years (c) 6 years (d) 4 years
7. 7.The simple interest on ₹3000 for 3 years is ₹360. What is the rate per year? (a) 3% (b) 12% (c) 5% (d) 4%
8. 8.₹7500 is invested at 4% per year simple interest. What is the amount after 3 years? (a) ₹900 (b) ₹7800 (c) ₹8400 (d) ₹8700
9. 9.What is the simple interest on ₹1500 at 6% per year for 2 years? (a) ₹180 (b) ₹270 (c) ₹1680 (d) ₹90
10. 10.In how many years will ₹5500 earn ₹440 simple interest at 4% per year? (a) 3 years (b) 4 years (c) 2 years (d) 1 year
11. 11.₹3500 is invested at 6% per year simple interest. What is the amount after 4 years? (a) ₹4550 (b) ₹3710 (c) ₹840 (d) ₹4340
12. 12.₹9000 is invested at 4% per year simple interest. What is the amount after 4 years? (a) ₹10440 (b) ₹10800 (c) ₹9360 (d) ₹1440
13. 13.What is the simple interest on ₹8500 at 2% per year for 5 years? (a) ₹1020 (b) ₹170 (c) ₹850 (d) ₹9350
14. 14.₹1000 is invested at 9% per year simple interest. What is the amount after 3 years? (a) ₹1090 (b) ₹1360 (c) ₹1270 (d) ₹270
15. 15.What is the simple interest on ₹9000 at 8% per year for 3 years? (a) ₹2880 (b) ₹11160 (c) ₹2160 (d) ₹720
16. 16.₹7000 is invested at 11% per year simple interest. What is the amount after 5 years? (a) ₹3850 (b) ₹7770 (c) ₹10850 (d) ₹11620
17. 17.₹8000 is invested at 6% per year simple interest. What is the amount after 4 years? (a) ₹1920 (b) ₹10400 (c) ₹8480 (d) ₹9920
18. 18.₹3500 is invested at 8% per year simple interest. What is the amount after 3 years? (a) ₹4340 (b) ₹4620 (c) ₹840 (d) ₹3780
19. 19.₹8500 is invested at 11% per year simple interest. What is the amount after 2 years? (a) ₹9435 (b) ₹1870 (c) ₹10370 (d) ₹11305
20. 20.₹6000 is invested at 3% per year simple interest. What is the amount after 2 years? (a) ₹6180 (b) ₹360 (c) ₹6360 (d) ₹6540
21. 21.The simple interest on ₹1000 for 2 years is ₹240. What is the rate per year? (a) 12% (b) 13% (c) 11% (d) 24%
22. 22.In how many years will ₹1500 earn ₹330 simple interest at 11% per year? (a) 4 years (b) 2 years (c) 3 years (d) 1 year
23. 23.In how many years will ₹6500 earn ₹1040 simple interest at 8% per year? (a) 2 years (b) 4 years (c) 1 year (d) 3 years
24. 24.What is the simple interest on ₹4000 at 10% per year for 5 years? (a) ₹400 (b) ₹2000 (c) ₹6000 (d) ₹2400
25. 25.₹6000 is invested at 9% per year simple interest. What is the amount after 2 years? (a) ₹6540 (b) ₹7080 (c) ₹7620 (d) ₹1080
26. 26.The simple interest on ₹3500 for 4 years is ₹980. What is the rate per year? (a) 7% (b) 6% (c) 28% (d) 8%
27. 27.₹10000 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹13000 (b) ₹12500 (c) ₹2500 (d) ₹10500
28. 28.₹6500 is invested at 10% per year simple interest. What is the amount after 2 years? (a) ₹7800 (b) ₹8450 (c) ₹7150 (d) ₹1300
29. 29.What is the simple interest on ₹2000 at 5% per year for 2 years? (a) ₹300 (b) ₹100 (c) ₹200 (d) ₹2200
30. 30.What is the simple interest on ₹9000 at 8% per year for 2 years? (a) ₹2160 (b) ₹720 (c) ₹10440 (d) ₹1440
31. 31.What is the simple interest on ₹5000 at 11% per year for 2 years? (a) ₹1650 (b) ₹550 (c) ₹6100 (d) ₹1100
32. 32.In how many years will ₹1500 earn ₹270 simple interest at 9% per year? (a) 1 year (b) 3 years (c) 4 years (d) 2 years
33. 33.What is the simple interest on ₹5500 at 10% per year for 2 years? (a) ₹1100 (b) ₹1650 (c) ₹550 (d) ₹6600
34. 34.The simple interest on ₹7500 for 2 years is ₹1350. What is the rate per year? (a) 8% (b) 18% (c) 9% (d) 10%
35. 35.What is the simple interest on ₹3000 at 2% per year for 4 years? (a) ₹240 (b) ₹3240 (c) ₹300 (d) ₹60
36. 36.What is the simple interest on ₹5000 at 4% per year for 2 years? (a) ₹5400 (b) ₹400 (c) ₹200 (d) ₹600
37. 37.What is the simple interest on ₹6500 at 2% per year for 5 years? (a) ₹130 (b) ₹7150 (c) ₹650 (d) ₹780
38. 38.What is the simple interest on ₹5500 at 8% per year for 3 years? (a) ₹1320 (b) ₹6820 (c) ₹440 (d) ₹1760
39. 39.₹2500 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹2875 (b) ₹2750 (c) ₹2625 (d) ₹250
40. 40.What is the simple interest on ₹4500 at 9% per year for 2 years? (a) ₹405 (b) ₹810 (c) ₹5310 (d) ₹1215

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