Class 8 Maths Worksheet: Compound Interest
The method (Grow it every year): Year by year: new amount = amount × (100 + R) ÷ 100. Amount after T years = P × (1 + R/100)ᵀ; compound interest = amount − P. A value falling by R% each year: × (100 − R) ÷ 100 every year. For 2 years, CI − SI = P × R × R ÷ 10000.
NameDateTime takenScore ___ / 40
- 1.A town has 16000 people. The population grows by 5% every year. What will the population be after 3 years?
- 2.What is the difference between the compound interest and the simple interest on ₹2500 at 4% per year for 2 years (in ₹)?
- 3.What is the difference between the compound interest and the simple interest on ₹37500 at 4% per year for 2 years (in ₹)?
- 4.What is the difference between the compound interest and the simple interest on ₹20000 at 12% per year for 2 years (in ₹)?
- 5.What is the difference between the compound interest and the simple interest on ₹25000 at 8% per year for 2 years (in ₹)?
- 6.A town has 22800 people. The population grows by 25% every year. What will the population be after 2 years?
- 7.What amount will ₹48000 grow to in 3 years at 5% per year compound interest (in ₹)?
- 8.A town has 25000 people. The population grows by 4% every year. What will the population be after 2 years?
- 9.What amount will ₹8000 grow to in 3 years at 5% per year compound interest (in ₹)?
- 10.A town has 15300 people. The population grows by 15% every year. What will the population be after 1 year?
- 11.What amount will ₹47800 grow to in 1 year at 5% per year compound interest (in ₹)?
- 12.Find the compound interest on ₹8000 at 15% per year for 3 years, compounded every year (in ₹).
- 13.Find the compound interest on ₹2900 at 10% per year for 1 year, compounded every year (in ₹).
- 14.Find the compound interest on ₹39000 at 10% per year for 3 years, compounded every year (in ₹).
- 15.A scooter is worth ₹5000. Its value falls by 10% every year. What will it be worth after 3 years (in ₹)?
- 16.Find the compound interest on ₹44800 at 5% per year for 1 year, compounded every year (in ₹).
- 17.What amount will ₹22500 grow to in 2 years at 8% per year compound interest (in ₹)?
- 18.What amount will ₹54400 grow to in 3 years at 25% per year compound interest (in ₹)?
- 19.Find the compound interest on ₹2400 at 20% per year for 2 years, compounded every year (in ₹).
- 20.What is the difference between the compound interest and the simple interest on ₹5000 at 8% per year for 2 years (in ₹)?
- 21.Find the compound interest on ₹28700 at 8% per year for 1 year, compounded every year (in ₹).
- 22.Find the compound interest on ₹48000 at 5% per year for 3 years, compounded every year (in ₹).
- 23.What amount will ₹47500 grow to in 3 years at 20% per year compound interest (in ₹)?
- 24.Find the compound interest on ₹10200 at 5% per year for 1 year, compounded every year (in ₹).
- 25.What amount will ₹31700 grow to in 1 year at 12% per year compound interest (in ₹)?
- 26.Find the compound interest on ₹53100 at 20% per year for 2 years, compounded every year (in ₹).
- 27.Find the compound interest on ₹3200 at 25% per year for 3 years, compounded every year (in ₹).
- 28.Find the compound interest on ₹34500 at 8% per year for 1 year, compounded every year (in ₹).
- 29.A town has 15000 people. The population grows by 12% every year. What will the population be after 2 years?
- 30.What is the difference between the compound interest and the simple interest on ₹50100 at 10% per year for 2 years (in ₹)?
- 31.What amount will ₹54600 grow to in 1 year at 20% per year compound interest (in ₹)?
- 32.Find the compound interest on ₹3100 at 15% per year for 1 year, compounded every year (in ₹).
- 33.Find the compound interest on ₹29000 at 4% per year for 1 year, compounded every year (in ₹).
- 34.What amount will ₹56000 grow to in 3 years at 15% per year compound interest (in ₹)?
- 35.What amount will ₹56000 grow to in 3 years at 5% per year compound interest (in ₹)?
- 36.Find the compound interest on ₹49300 at 10% per year for 1 year, compounded every year (in ₹).
- 37.What is the difference between the compound interest and the simple interest on ₹32800 at 15% per year for 2 years (in ₹)?
- 38.A town has 54400 people. The population grows by 25% every year. What will the population be after 3 years?
- 39.What amount will ₹32000 grow to in 3 years at 25% per year compound interest (in ₹)?
- 40.Find the compound interest on ₹47500 at 8% per year for 2 years, compounded every year (in ₹).
Answer key
- 18522
- 4
- 60
- 288
- 160
- 35625
- 55566
- 27040
- 9261
- 17595
- 50190
- 4167
- 290
- 12909
- 3645
- 2240
- 26244
- 106250
- 1056
- 32
- 2296
- 7566
- 82080
- 510
- 35504
- 23364
- 3050
- 2760
- 18816
- 501
- 65520
- 465
- 1160
- 85169
- 64827
- 4930
- 738
- 106250
- 62500
- 7904
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