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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 167 · 40 sums
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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 ₹46800 grow to in 2 years at 5% per year compound interest (in ₹)?
  2. 2.Find the compound interest on ₹7100 at 10% per year for 2 years, compounded every year (in ₹).
  3. 3.What amount will ₹53600 grow to in 1 year at 15% per year compound interest (in ₹)?
  4. 4.What is the difference between the compound interest and the simple interest on ₹47500 at 12% per year for 2 years (in ₹)?
  5. 5.Find the compound interest on ₹32000 at 15% per year for 3 years, compounded every year (in ₹).
  6. 6.What amount will ₹7500 grow to in 2 years at 4% per year compound interest (in ₹)?
  7. 7.A town has 38700 people. The population grows by 20% every year. What will the population be after 2 years?
  8. 8.What is the difference between the compound interest and the simple interest on ₹45300 at 10% per year for 2 years (in ₹)?
  9. 9.Find the compound interest on ₹31800 at 10% per year for 1 year, compounded every year (in ₹).
  10. 10.A town has 50000 people. The population grows by 20% every year. What will the population be after 2 years?
  11. 11.Find the compound interest on ₹40400 at 10% per year for 1 year, compounded every year (in ₹).
  12. 12.Find the compound interest on ₹35800 at 4% per year for 1 year, compounded every year (in ₹).
  13. 13.A town has 44500 people. The population grows by 20% every year. What will the population be after 1 year?
  14. 14.What amount will ₹5000 grow to in 3 years at 20% per year compound interest (in ₹)?
  15. 15.Find the compound interest on ₹5600 at 20% per year for 2 years, compounded every year (in ₹).
  16. 16.A town has 49400 people. The population grows by 12% every year. What will the population be after 1 year?
  17. 17.What amount will ₹31800 grow to in 2 years at 20% per year compound interest (in ₹)?
  18. 18.What is the difference between the compound interest and the simple interest on ₹40700 at 10% per year for 2 years (in ₹)?
  19. 19.Find the compound interest on ₹45400 at 20% per year for 2 years, compounded every year (in ₹).
  20. 20.What is the difference between the compound interest and the simple interest on ₹57500 at 4% per year for 2 years (in ₹)?
  21. 21.What is the difference between the compound interest and the simple interest on ₹34900 at 10% per year for 2 years (in ₹)?
  22. 22.Find the compound interest on ₹40800 at 15% per year for 1 year, compounded every year (in ₹).
  23. 23.What amount will ₹52400 grow to in 2 years at 5% per year compound interest (in ₹)?
  24. 24.Find the compound interest on ₹8500 at 20% per year for 1 year, compounded every year (in ₹).
  25. 25.A scooter is worth ₹41400. Its value falls by 10% every year. What will it be worth after 2 years (in ₹)?
  26. 26.Find the compound interest on ₹58000 at 25% per year for 1 year, compounded every year (in ₹).
  27. 27.Find the compound interest on ₹57500 at 8% per year for 2 years, compounded every year (in ₹).
  28. 28.Find the compound interest on ₹16000 at 5% per year for 3 years, compounded every year (in ₹).
  29. 29.What amount will ₹57600 grow to in 2 years at 20% per year compound interest (in ₹)?
  30. 30.Find the compound interest on ₹28900 at 15% per year for 1 year, compounded every year (in ₹).
  31. 31.Find the compound interest on ₹40400 at 20% per year for 1 year, compounded every year (in ₹).
  32. 32.A town has 14800 people. The population grows by 15% every year. What will the population be after 2 years?
  33. 33.What is the difference between the compound interest and the simple interest on ₹28800 at 5% per year for 2 years (in ₹)?
  34. 34.A town has 50400 people. The population grows by 5% every year. What will the population be after 1 year?
  35. 35.What is the difference between the compound interest and the simple interest on ₹4800 at 15% per year for 2 years (in ₹)?
  36. 36.What is the difference between the compound interest and the simple interest on ₹55600 at 5% per year for 2 years (in ₹)?
  37. 37.What amount will ₹16000 grow to in 3 years at 15% per year compound interest (in ₹)?
  38. 38.Find the compound interest on ₹48000 at 10% per year for 3 years, compounded every year (in ₹).
  39. 39.What is the difference between the compound interest and the simple interest on ₹25000 at 8% per year for 2 years (in ₹)?
  40. 40.What is the difference between the compound interest and the simple interest on ₹40000 at 4% per year for 2 years (in ₹)?

Answer key

  1. 51597
  2. 1491
  3. 61640
  4. 684
  5. 16668
  6. 8112
  7. 55728
  8. 453
  9. 3180
  10. 72000
  11. 4040
  12. 1432
  13. 53400
  14. 8640
  15. 2464
  16. 55328
  17. 45792
  18. 407
  19. 19976
  20. 92
  21. 349
  22. 6120
  23. 57771
  24. 1700
  25. 33534
  26. 14500
  27. 9568
  28. 2522
  29. 82944
  30. 4335
  31. 8080
  32. 19573
  33. 72
  34. 52920
  35. 108
  36. 139
  37. 24334
  38. 15888
  39. 160
  40. 64

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