One app for all your study abroad needs
Simple Interest questions for Class 7: Simple interest is a straightforward method of calculating interest on a principal amount. It’s calculated by multiplying the principal, rate of interest, and time period. This concept is often introduced in Class 7 to understand basic financial calculations and is an important part of competitive exams in India like UPSC CSAT, Bank PO, etc. To help you prepare for this topic we have included 50 Simple Interest questions in the blog. Keep scrolling for a free PDF of SI questions for Class 7.
Table of Contents
Sample Simple Interest Questions for Class 7 with Answers
Here are some of the samples of simple interest questions for class 7 students which will help you test your hands on this topic. Practice these questions to enhance your knowledge.
Question 1: Find the simple interest on ₹1,000 at 5% per annum for 3 years.
Answer: SI = ₹150
Question 2: Calculate the simple interest on ₹800 at 6% per annum for 4 years.
Answer: SI = ₹192
Question 3: Find the interest on ₹2,500 at 4% per annum for 5 years.
Answer: SI = ₹500
Question 4: Calculate the interest on ₹1,200 at 7% for 2 years.
Answer: SI = ₹168
Question 5: Calculate the interest on ₹2,700 at 9% per annum for 5 years.
Answer: SI = ₹1,215
Question 6: Find the interest on ₹6,800 at 6% for 2 years.
Answer: SI = ₹816
Question 7: What is the interest on ₹9,500 at 5% for 7 years?
Answer: SI = ₹3,325
Question 8: Calculate the interest on ₹4,400 at 3% for 5 years.
Answer: SI = ₹660
Question 9: Find the simple interest on ₹5,200 at 4% per annum for 4 years.
Answer: SI = ₹832
Question 10: Find the simple interest on ₹3,000 at 8% per annum for 1 year.
Answer: SI = ₹240
Question 11: Calculate the interest on ₹5,000 at 6% for 2 years.
Answer: SI = ₹600
Question 12: What is the interest on ₹6,000 at 3% per annum for 4 years?
Answer: SI = ₹720
Question 13: Calculate the interest on ₹7,500 at 5% per annum for 5 years.
Answer: SI = ₹1,875
Question 14: Find the simple interest on ₹8,000 at 6% per annum for 2 years.
Answer: SI = ₹960
Question 15: Calculate the interest on ₹10,000 at 4% for 7 years.
Answer: SI = ₹2,800
Question 16: Find the simple interest on ₹4,000 at 3% per annum for 5 years.
Answer: SI = ₹600
Question 17: Find the simple interest on ₹900 at 10% for 3 years.
Answer: SI = ₹270
Question 18: Calculate the interest on ₹2,000 at 4% per annum for 6 years.
Answer: SI = ₹480
Question 19: Calculate the interest on ₹9,000 at 2% per annum for 6 years.
Answer: SI = ₹1,080
Question 20: Find the interest on ₹15,000 at 4% per annum for 3 years.
Answer: SI = ₹1,800
Question 21: What is the interest on ₹2,200 at 7% for 4 years?
Answer: SI = ₹616
Question 22: Calculate the simple interest on ₹1,000 at 10% per annum for 5 years.
Answer: SI = ₹500
Question 23: Find the interest on ₹3,800 at 5% per annum for 6 years.
Answer: SI = ₹1,140
Question 24: Find the interest on ₹4,500 at 5% for 2 years.
Answer: SI = ₹450
Question 25: Calculate the interest on ₹6,500 at 5% per annum for 3 years.
Answer: SI = ₹975
Question 26: Find the interest on ₹12,500 at 6% per annum for 5 years.
Answer: SI = ₹3,750
Question 27: What is the interest on ₹7,000 at 4% per annum for 8 years?
Answer: SI = ₹2,240
Question 28: Calculate the interest on ₹11,000 at 7% per annum for 3 years.
Answer: SI = ₹2,310
Question 29: Find the simple interest on ₹1,700 at 5% per annum for 4 years.
Answer: SI = ₹340
Question 30: Calculate the interest on ₹3,500 at 9% for 3 years.
Answer: SI = ₹945
Question 31: If ₹2,500 is borrowed for 4 years at 6% per annum, what is the total amount to be repaid?
Answer: Total Amount = ₹3,100
Question 32: Calculate the interest on ₹8,300 at 7% per annum for 3 years.
Answer: SI = ₹1,743
Question 33: What is the interest on ₹3,600 at 5% for 6 years?
Answer: SI = ₹1,080
Question 34: Find the simple interest on ₹7,500 at 8% per annum for 4 years.
Answer: SI = ₹2,400
Question 35: Calculate the interest on ₹10,500 at 4% for 3 years.
Answer: SI = ₹1,260
Question 36: Find the interest on ₹4,200 at 6% for 4 years.
Answer: SI = ₹1,008
Question 37: A loan of ₹3,000 is taken at 5% per annum for 3 years. What is the total amount to be paid?
Answer: Total Amount = ₹3,450
Question 38: Find the total amount to be paid on a loan of ₹8,000 at 6% per annum for 4 years.
Answer: Total Amount = ₹9,920
Question 39: What is the total repayment on ₹10,000 at 5% per annum after 3 years?
Answer: Total Amount = ₹11,500
Question 40: Calculate the total amount to be repaid if ₹2,500 is borrowed for 2 years at 4% interest.
Answer: Total Amount = ₹2,700
Question 41: Find the total repayment after 4 years on a loan of ₹7,500 at 3% per annum. Answer: Total Amount = ₹8,400
Question 42: Calculate the interest on ₹4,500 at 6% per annum for 7 years.
Answer: SI = ₹1,890
Question 43: Find the simple interest on ₹1,800 at 5% per annum for 4 years.
Answer: SI = ₹360
Question 44: What is the interest on ₹3,200 at 7% for 3 years?
Answer: SI = ₹672
Question 45: Calculate the interest on ₹2,100 at 4% for 6 years.
Answer: SI = ₹504
Question 46: Find the simple interest on ₹9,000 at 8% per annum for 2 years.
Answer: SI = ₹1,440
Question 47: What is the total amount to be repaid if ₹12,000 is borrowed for 5 years at 4% interest?
Answer: Total Amount = ₹14,400
Question 48: Find the total amount to be paid after 6 years if ₹5,000 is borrowed at 4% per annum.
Answer: Total Amount = ₹6,200
Question 49: If ₹4,000 is lent for 5 years at 5% per annum, what is the total repayment? Answer: Total Amount = ₹5,000
Question 50: Calculate the total amount after 3 years if ₹6,000 is borrowed at 7% per annum. Answer: Total Amount = ₹7,260
Simple Interest Questions for Class 7 with Answers PDF
To help you solve Simple Interest questions for Class 7 with pen and paper, we have a free PDF for you. Download it and save it for future reference.
Why Study Simple Interest for Class 7?
There are various reasons to study this topic of simple interest. One of the reasons is to excel academically of course, but it is not the only reason. This concept is also very important to make financial concepts work in real-life scenarios. Below we have mentioned some of the pointers on why to study simple interest.
- Foundation for Financial Literacy: This concept is important not only for students to excel academically but also for introducing students to basic financial concepts. Understanding how interest works helps students make informed decisions about savings, loans, and investments in the future.
- Real-life Applications: Solving simple interest problems is commonly helpful in everyday financial transactions, such as bank loans and savings accounts. Learning these concepts helps students to relate their studies to real-life situations.
- Build Mathematical Skills: Solving simple interest problems enhances mathematical abilities such as multiplication, division and percentages.
- Problem-solving skills: The questions of simple interest encourage logical thinking and problem-solving skills. It teaches students how to break down a problem and apply formulas to arrive at a solution.
- Preparation for Higher Studies: Simple interest questions form the foundation for more complex financial mathematics, such as compound interest and profit and loss. This concept is often studied in higher classes.
Check our other blogs on different topics of Mathematics:
FAQs
Simple interest questions in math focus on calculating the interest charged or earned over a certain period using the principal amount (the initial sum of money), the interest rate, and the time for which the money is borrowed or invested.
Simple Interest Questions are important for students because they help students understand financial literacy, which not only helps them to excel academically but also in real-life situations.
Simple Interest is calculated on the original principal amount without considering the interest earned. Compound Interest is calculated on the original principal amount plus any interest earned over them.
This was all about the “Simple Interest Questions for Class 7”. For more such informative blogs, check out our Study Material Section, or you can learn more about us by visiting our Indian exams page.