Simple Interest Worksheet for Maths Olympiad

Maths Olympiad topic 16: Simple interest · Set 986 · 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.₹2000 is invested at 2% per year simple interest. What is the amount after 4 years? (a) ₹2040 (b) ₹160 (c) ₹2160 (d) ₹2200
2. 2.In how many years will ₹5000 earn ₹750 simple interest at 3% per year? (a) 5 years (b) 10 years (c) 6 years (d) 4 years
3. 3.₹7500 is invested at 9% per year simple interest. What is the amount after 5 years? (a) ₹11550 (b) ₹10875 (c) ₹3375 (d) ₹8175
4. 4.In how many years will ₹6500 earn ₹1040 simple interest at 8% per year? (a) 4 years (b) 3 years (c) 1 year (d) 2 years
5. 5.In how many years will ₹8500 earn ₹2550 simple interest at 6% per year? (a) 10 years (b) 5 years (c) 6 years (d) 4 years
6. 6.The simple interest on ₹5500 for 5 years is ₹3025. What is the rate per year? (a) 10% (b) 12% (c) 11% (d) 55%
7. 7.₹2000 is invested at 6% per year simple interest. What is the amount after 5 years? (a) ₹2720 (b) ₹600 (c) ₹2120 (d) ₹2600
8. 8.What is the simple interest on ₹1000 at 5% per year for 4 years? (a) ₹250 (b) ₹1200 (c) ₹200 (d) ₹50
9. 9.The simple interest on ₹6000 for 3 years is ₹540. What is the rate per year? (a) 4% (b) 3% (c) 2% (d) 9%
10. 10.What is the simple interest on ₹8500 at 2% per year for 4 years? (a) ₹850 (b) ₹680 (c) ₹170 (d) ₹9180
11. 11.In how many years will ₹5000 earn ₹600 simple interest at 4% per year? (a) 3 years (b) 6 years (c) 4 years (d) 2 years
12. 12.What is the simple interest on ₹5500 at 9% per year for 4 years? (a) ₹495 (b) ₹1980 (c) ₹7480 (d) ₹2475
13. 13.₹6000 is invested at 8% per year simple interest. What is the amount after 4 years? (a) ₹8400 (b) ₹7920 (c) ₹1920 (d) ₹6480
14. 14.What is the simple interest on ₹5000 at 8% per year for 3 years? (a) ₹6200 (b) ₹1200 (c) ₹1600 (d) ₹400
15. 15.The simple interest on ₹1500 for 2 years is ₹120. What is the rate per year? (a) 5% (b) 3% (c) 8% (d) 4%
16. 16.₹3500 is invested at 3% per year simple interest. What is the amount after 5 years? (a) ₹3605 (b) ₹525 (c) ₹4130 (d) ₹4025
17. 17.In how many years will ₹3000 earn ₹180 simple interest at 3% per year? (a) 3 years (b) 4 years (c) 2 years (d) 1 year
18. 18.The simple interest on ₹6500 for 3 years is ₹1755. What is the rate per year? (a) 9% (b) 8% (c) 27% (d) 10%
19. 19.₹4500 is invested at 4% per year simple interest. What is the amount after 3 years? (a) ₹540 (b) ₹4680 (c) ₹5220 (d) ₹5040
20. 20.₹6500 is invested at 2% per year simple interest. What is the amount after 2 years? (a) ₹6760 (b) ₹6630 (c) ₹6890 (d) ₹260
21. 21.The simple interest on ₹10000 for 5 years is ₹1000. What is the rate per year? (a) 1% (b) 2% (c) 10% (d) 3%
22. 22.What is the simple interest on ₹4000 at 12% per year for 5 years? (a) ₹6400 (b) ₹480 (c) ₹2400 (d) ₹2880
23. 23.₹4000 is invested at 11% per year simple interest. What is the amount after 2 years? (a) ₹4880 (b) ₹5320 (c) ₹880 (d) ₹4440
24. 24.In how many years will ₹7000 earn ₹2520 simple interest at 12% per year? (a) 2 years (b) 6 years (c) 3 years (d) 4 years
25. 25.₹2000 is invested at 6% per year simple interest. What is the amount after 3 years? (a) ₹2120 (b) ₹360 (c) ₹2360 (d) ₹2480
26. 26.The simple interest on ₹1000 for 3 years is ₹60. What is the rate per year? (a) 6% (b) 1% (c) 2% (d) 3%
27. 27.The simple interest on ₹10000 for 4 years is ₹2000. What is the rate per year? (a) 20% (b) 4% (c) 5% (d) 6%
28. 28.₹9500 is invested at 5% per year simple interest. What is the amount after 4 years? (a) ₹11875 (b) ₹1900 (c) ₹9975 (d) ₹11400
29. 29.What is the simple interest on ₹5500 at 2% per year for 2 years? (a) ₹5720 (b) ₹110 (c) ₹220 (d) ₹330
30. 30.₹1500 is invested at 12% per year simple interest. What is the amount after 3 years? (a) ₹1680 (b) ₹2040 (c) ₹2220 (d) ₹540
31. 31.In how many years will ₹10000 earn ₹4400 simple interest at 11% per year? (a) 8 years (b) 5 years (c) 3 years (d) 4 years
32. 32.What is the simple interest on ₹3000 at 12% per year for 3 years? (a) ₹1080 (b) ₹4080 (c) ₹360 (d) ₹1440
33. 33.₹1500 is invested at 5% per year simple interest. What is the amount after 2 years? (a) ₹1575 (b) ₹1725 (c) ₹1650 (d) ₹150
34. 34.₹2000 is invested at 8% per year simple interest. What is the amount after 4 years? (a) ₹2800 (b) ₹2640 (c) ₹2160 (d) ₹640
35. 35.What is the simple interest on ₹2500 at 5% per year for 4 years? (a) ₹500 (b) ₹625 (c) ₹3000 (d) ₹125
36. 36.₹4500 is invested at 9% per year simple interest. What is the amount after 2 years? (a) ₹4905 (b) ₹810 (c) ₹5310 (d) ₹5715
37. 37.What is the simple interest on ₹8000 at 5% per year for 3 years? (a) ₹1200 (b) ₹400 (c) ₹1600 (d) ₹9200
38. 38.The simple interest on ₹1000 for 2 years is ₹240. What is the rate per year? (a) 11% (b) 13% (c) 24% (d) 12%
39. 39.The simple interest on ₹7000 for 3 years is ₹1050. What is the rate per year? (a) 15% (b) 5% (c) 4% (d) 6%
40. 40.In how many years will ₹7500 earn ₹600 simple interest at 2% per year? (a) 3 years (b) 5 years (c) 8 years (d) 4 years

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