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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 157 · 40 sums
TalentJR

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. 1.What amount will ₹15200 grow to in 1 year at 25% per year compound interest (in ₹)?
  2. 2.What amount will ₹51200 grow to in 3 years at 25% per year compound interest (in ₹)?
  3. 3.What is the difference between the compound interest and the simple interest on ₹11800 at 10% per year for 2 years (in ₹)?
  4. 4.What is the difference between the compound interest and the simple interest on ₹42500 at 4% per year for 2 years (in ₹)?
  5. 5.Find the compound interest on ₹8000 at 25% per year for 1 year, compounded every year (in ₹).
  6. 6.Find the compound interest on ₹17200 at 20% per year for 1 year, compounded every year (in ₹).
  7. 7.What amount will ₹50000 grow to in 2 years at 4% per year compound interest (in ₹)?
  8. 8.Find the compound interest on ₹40000 at 5% per year for 3 years, compounded every year (in ₹).
  9. 9.Find the compound interest on ₹11600 at 20% per year for 1 year, compounded every year (in ₹).
  10. 10.What amount will ₹5000 grow to in 2 years at 4% per year compound interest (in ₹)?
  11. 11.What amount will ₹49000 grow to in 3 years at 10% per year compound interest (in ₹)?
  12. 12.A scooter is worth ₹37900. Its value falls by 5% every year. What will it be worth after 1 year (in ₹)?
  13. 13.What amount will ₹42000 grow to in 1 year at 20% per year compound interest (in ₹)?
  14. 14.What is the difference between the compound interest and the simple interest on ₹60000 at 8% per year for 2 years (in ₹)?
  15. 15.What is the difference between the compound interest and the simple interest on ₹42400 at 25% per year for 2 years (in ₹)?
  16. 16.Find the compound interest on ₹50000 at 4% per year for 2 years, compounded every year (in ₹).
  17. 17.What is the difference between the compound interest and the simple interest on ₹25000 at 12% per year for 2 years (in ₹)?
  18. 18.A scooter is worth ₹11600. Its value falls by 25% every year. What will it be worth after 1 year (in ₹)?
  19. 19.A town has 44600 people. The population grows by 15% every year. What will the population be after 1 year?
  20. 20.What amount will ₹33100 grow to in 1 year at 10% per year compound interest (in ₹)?
  21. 21.A town has 34700 people. The population grows by 20% every year. What will the population be after 1 year?
  22. 22.A scooter is worth ₹49300. Its value falls by 10% every year. What will it be worth after 2 years (in ₹)?
  23. 23.Find the compound interest on ₹58300 at 15% per year for 1 year, compounded every year (in ₹).
  24. 24.What is the difference between the compound interest and the simple interest on ₹32500 at 10% per year for 2 years (in ₹)?
  25. 25.What amount will ₹58200 grow to in 1 year at 12% per year compound interest (in ₹)?
  26. 26.A town has 34400 people. The population grows by 5% every year. What will the population be after 2 years?
  27. 27.What amount will ₹40500 grow to in 3 years at 20% per year compound interest (in ₹)?
  28. 28.What is the difference between the compound interest and the simple interest on ₹36900 at 20% per year for 2 years (in ₹)?
  29. 29.Find the compound interest on ₹13000 at 10% per year for 2 years, compounded every year (in ₹).
  30. 30.What amount will ₹54900 grow to in 1 year at 5% per year compound interest (in ₹)?
  31. 31.What amount will ₹49200 grow to in 1 year at 5% per year compound interest (in ₹)?
  32. 32.What amount will ₹22400 grow to in 3 years at 25% per year compound interest (in ₹)?
  33. 33.A scooter is worth ₹47000. Its value falls by 10% every year. What will it be worth after 1 year (in ₹)?
  34. 34.What amount will ₹10000 grow to in 3 years at 20% per year compound interest (in ₹)?
  35. 35.A scooter is worth ₹12100. Its value falls by 10% every year. What will it be worth after 1 year (in ₹)?
  36. 36.What is the difference between the compound interest and the simple interest on ₹7600 at 25% per year for 2 years (in ₹)?
  37. 37.What is the difference between the compound interest and the simple interest on ₹32200 at 10% per year for 2 years (in ₹)?
  38. 38.What is the difference between the compound interest and the simple interest on ₹5000 at 4% per year for 2 years (in ₹)?
  39. 39.Find the compound interest on ₹17400 at 15% per year for 1 year, compounded every year (in ₹).
  40. 40.Find the compound interest on ₹46400 at 25% per year for 2 years, compounded every year (in ₹).

Answer key

  1. 19000
  2. 100000
  3. 118
  4. 68
  5. 2000
  6. 3440
  7. 54080
  8. 6305
  9. 2320
  10. 5408
  11. 65219
  12. 36005
  13. 50400
  14. 384
  15. 2650
  16. 4080
  17. 360
  18. 8700
  19. 51290
  20. 36410
  21. 41640
  22. 39933
  23. 8745
  24. 325
  25. 65184
  26. 37926
  27. 69984
  28. 1476
  29. 2730
  30. 57645
  31. 51660
  32. 43750
  33. 42300
  34. 17280
  35. 10890
  36. 475
  37. 322
  38. 8
  39. 2610
  40. 26100

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