Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 956 · 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 ₹7000 for 3 years is ₹420. What is the rate per year? (a) 1% (b) 3% (c) 2% (d) 6%
2. 2.The simple interest on ₹5500 for 3 years is ₹660. What is the rate per year? (a) 12% (b) 5% (c) 3% (d) 4%
3. 3.₹2500 is invested at 7% per year simple interest. What is the amount after 4 years? (a) ₹3200 (b) ₹3375 (c) ₹700 (d) ₹2675
4. 4.What is the simple interest on ₹10000 at 5% per year for 2 years? (a) ₹1500 (b) ₹500 (c) ₹1000 (d) ₹11000
5. 5.The simple interest on ₹5500 for 2 years is ₹990. What is the rate per year? (a) 8% (b) 9% (c) 10% (d) 18%
6. 6.The simple interest on ₹9000 for 2 years is ₹1980. What is the rate per year? (a) 22% (b) 12% (c) 11% (d) 10%
7. 7.₹2500 is invested at 5% per year simple interest. What is the amount after 4 years? (a) ₹500 (b) ₹3125 (c) ₹3000 (d) ₹2625
8. 8.The simple interest on ₹10000 for 4 years is ₹3600. What is the rate per year? (a) 8% (b) 10% (c) 36% (d) 9%
9. 9.What is the simple interest on ₹7500 at 8% per year for 4 years? (a) ₹3000 (b) ₹600 (c) ₹2400 (d) ₹9900
10. 10.₹2500 is invested at 8% per year simple interest. What is the amount after 5 years? (a) ₹2700 (b) ₹3700 (c) ₹1000 (d) ₹3500
11. 11.₹1500 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹1575 (b) ₹1725 (c) ₹1650 (d) ₹150
12. 12.The simple interest on ₹6000 for 5 years is ₹3000. What is the rate per year? (a) 10% (b) 9% (c) 50% (d) 11%
13. 13.The simple interest on ₹8500 for 2 years is ₹340. What is the rate per year? (a) 3% (b) 1% (c) 2% (d) 4%
14. 14.What is the simple interest on ₹9000 at 10% per year for 4 years? (a) ₹900 (b) ₹4500 (c) ₹3600 (d) ₹12600
15. 15.The simple interest on ₹4500 for 4 years is ₹360. What is the rate per year? (a) 1% (b) 8% (c) 3% (d) 2%
16. 16.₹3500 is invested at 12% per year simple interest. What is the amount after 4 years? (a) ₹5180 (b) ₹1680 (c) ₹5600 (d) ₹3920
17. 17.What is the simple interest on ₹4000 at 8% per year for 3 years? (a) ₹1280 (b) ₹960 (c) ₹320 (d) ₹4960
18. 18.What is the simple interest on ₹4000 at 5% per year for 2 years? (a) ₹600 (b) ₹4400 (c) ₹400 (d) ₹200
19. 19.The simple interest on ₹8000 for 5 years is ₹1600. What is the rate per year? (a) 5% (b) 3% (c) 4% (d) 20%
20. 20.In how many years will ₹6500 earn ₹390 simple interest at 3% per year? (a) 1 year (b) 3 years (c) 4 years (d) 2 years
21. 21.What is the simple interest on ₹5500 at 2% per year for 5 years? (a) ₹110 (b) ₹6050 (c) ₹660 (d) ₹550
22. 22.The simple interest on ₹3000 for 4 years is ₹720. What is the rate per year? (a) 6% (b) 24% (c) 5% (d) 7%
23. 23.In how many years will ₹4000 earn ₹960 simple interest at 6% per year? (a) 5 years (b) 4 years (c) 8 years (d) 3 years
24. 24.What is the simple interest on ₹8000 at 12% per year for 5 years? (a) ₹4800 (b) ₹12800 (c) ₹960 (d) ₹5760
25. 25.In how many years will ₹3500 earn ₹700 simple interest at 5% per year? (a) 5 years (b) 4 years (c) 8 years (d) 3 years
26. 26.What is the simple interest on ₹2500 at 10% per year for 5 years? (a) ₹1500 (b) ₹1250 (c) ₹3750 (d) ₹250
27. 27.What is the simple interest on ₹7500 at 5% per year for 4 years? (a) ₹375 (b) ₹9000 (c) ₹1875 (d) ₹1500
28. 28.What is the simple interest on ₹10000 at 9% per year for 3 years? (a) ₹3600 (b) ₹12700 (c) ₹2700 (d) ₹900
29. 29.What is the simple interest on ₹4000 at 11% per year for 2 years? (a) ₹440 (b) ₹880 (c) ₹1320 (d) ₹4880
30. 30.₹3000 is invested at 3% per year simple interest. What is the amount after 5 years? (a) ₹3540 (b) ₹450 (c) ₹3450 (d) ₹3090
31. 31.The simple interest on ₹1500 for 2 years is ₹360. What is the rate per year? (a) 11% (b) 13% (c) 24% (d) 12%
32. 32.The simple interest on ₹3000 for 5 years is ₹1350. What is the rate per year? (a) 10% (b) 9% (c) 8% (d) 45%
33. 33.The simple interest on ₹2000 for 5 years is ₹900. What is the rate per year? (a) 10% (b) 9% (c) 8% (d) 45%
34. 34.What is the simple interest on ₹6000 at 5% per year for 2 years? (a) ₹900 (b) ₹6600 (c) ₹600 (d) ₹300
35. 35.In how many years will ₹2000 earn ₹280 simple interest at 7% per year? (a) 1 year (b) 4 years (c) 2 years (d) 3 years
36. 36.₹5500 is invested at 8% per year simple interest. What is the amount after 3 years? (a) ₹7260 (b) ₹6820 (c) ₹5940 (d) ₹1320
37. 37.The simple interest on ₹3500 for 2 years is ₹280. What is the rate per year? (a) 8% (b) 3% (c) 4% (d) 5%
38. 38.In how many years will ₹2500 earn ₹300 simple interest at 6% per year? (a) 1 year (b) 3 years (c) 4 years (d) 2 years
39. 39.₹2500 is invested at 5% per year simple interest. What is the amount after 5 years? (a) ₹625 (b) ₹3125 (c) ₹2625 (d) ₹3250
40. 40.What is the simple interest on ₹5000 at 6% per year for 4 years? (a) ₹1500 (b) ₹300 (c) ₹1200 (d) ₹6200

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