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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 209 · 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 ₹57000 grow to in 1 year at 25% per year compound interest (in ₹)?
  2. 2.What is the difference between the compound interest and the simple interest on ₹54400 at 25% per year for 2 years (in ₹)?
  3. 3.Find the compound interest on ₹3300 at 10% per year for 2 years, compounded every year (in ₹).
  4. 4.What is the difference between the compound interest and the simple interest on ₹52400 at 15% per year for 2 years (in ₹)?
  5. 5.Find the compound interest on ₹2400 at 15% per year for 2 years, compounded every year (in ₹).
  6. 6.What is the difference between the compound interest and the simple interest on ₹60000 at 4% per year for 2 years (in ₹)?
  7. 7.Find the compound interest on ₹55000 at 8% per year for 2 years, compounded every year (in ₹).
  8. 8.Find the compound interest on ₹55200 at 10% per year for 1 year, compounded every year (in ₹).
  9. 9.What is the difference between the compound interest and the simple interest on ₹59200 at 15% per year for 2 years (in ₹)?
  10. 10.A scooter is worth ₹40000. Its value falls by 15% every year. What will it be worth after 3 years (in ₹)?
  11. 11.What amount will ₹48200 grow to in 1 year at 25% per year compound interest (in ₹)?
  12. 12.What is the difference between the compound interest and the simple interest on ₹15000 at 4% per year for 2 years (in ₹)?
  13. 13.What amount will ₹12500 grow to in 2 years at 4% per year compound interest (in ₹)?
  14. 14.What amount will ₹16000 grow to in 1 year at 25% per year compound interest (in ₹)?
  15. 15.What is the difference between the compound interest and the simple interest on ₹40800 at 25% per year for 2 years (in ₹)?
  16. 16.What is the difference between the compound interest and the simple interest on ₹15100 at 20% per year for 2 years (in ₹)?
  17. 17.Find the compound interest on ₹40000 at 5% per year for 3 years, compounded every year (in ₹).
  18. 18.What is the difference between the compound interest and the simple interest on ₹2800 at 5% per year for 2 years (in ₹)?
  19. 19.What amount will ₹45200 grow to in 2 years at 15% per year compound interest (in ₹)?
  20. 20.Find the compound interest on ₹9200 at 20% per year for 2 years, compounded every year (in ₹).
  21. 21.What is the difference between the compound interest and the simple interest on ₹17500 at 12% per year for 2 years (in ₹)?
  22. 22.What is the difference between the compound interest and the simple interest on ₹47500 at 8% per year for 2 years (in ₹)?
  23. 23.Find the compound interest on ₹56000 at 15% per year for 3 years, compounded every year (in ₹).
  24. 24.Find the compound interest on ₹51100 at 4% per year for 1 year, compounded every year (in ₹).
  25. 25.What amount will ₹2500 grow to in 1 year at 4% per year compound interest (in ₹)?
  26. 26.A town has 18000 people. The population grows by 20% every year. What will the population be after 3 years?
  27. 27.A town has 30000 people. The population grows by 12% every year. What will the population be after 2 years?
  28. 28.What amount will ₹43700 grow to in 2 years at 20% per year compound interest (in ₹)?
  29. 29.What amount will ₹55500 grow to in 3 years at 20% per year compound interest (in ₹)?
  30. 30.A town has 36000 people. The population grows by 10% every year. What will the population be after 3 years?
  31. 31.A town has 14500 people. The population grows by 20% every year. What will the population be after 3 years?
  32. 32.A town has 46800 people. The population grows by 25% 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 ₹42800 at 25% per year for 2 years (in ₹)?
  34. 34.A scooter is worth ₹15500. Its value falls by 10% every year. What will it be worth after 1 year (in ₹)?
  35. 35.What amount will ₹30400 grow to in 2 years at 15% per year compound interest (in ₹)?
  36. 36.Find the compound interest on ₹24400 at 20% per year for 1 year, compounded every year (in ₹).
  37. 37.What is the difference between the compound interest and the simple interest on ₹17200 at 25% per year for 2 years (in ₹)?
  38. 38.What is the difference between the compound interest and the simple interest on ₹49600 at 25% per year for 2 years (in ₹)?
  39. 39.Find the compound interest on ₹45000 at 8% per year for 2 years, compounded every year (in ₹).
  40. 40.What is the difference between the compound interest and the simple interest on ₹18400 at 15% per year for 2 years (in ₹)?

Answer key

  1. 71250
  2. 3400
  3. 693
  4. 1179
  5. 774
  6. 96
  7. 9152
  8. 5520
  9. 1332
  10. 24565
  11. 60250
  12. 24
  13. 13520
  14. 20000
  15. 2550
  16. 604
  17. 6305
  18. 7
  19. 59777
  20. 4048
  21. 252
  22. 304
  23. 29169
  24. 2044
  25. 2600
  26. 31104
  27. 37632
  28. 62928
  29. 95904
  30. 47916
  31. 25056
  32. 73125
  33. 2675
  34. 13950
  35. 40204
  36. 4880
  37. 1075
  38. 3100
  39. 7488
  40. 414

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