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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 331 · 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 ₹17300 grow to in 1 year at 5% per year compound interest (in ₹)?
  2. 2.Find the compound interest on ₹6000 at 10% per year for 3 years, compounded every year (in ₹).
  3. 3.What is the difference between the compound interest and the simple interest on ₹21200 at 15% per year for 2 years (in ₹)?
  4. 4.A town has 11600 people. The population grows by 5% every year. What will the population be after 2 years?
  5. 5.Find the compound interest on ₹7900 at 10% per year for 1 year, compounded every year (in ₹).
  6. 6.A scooter is worth ₹16000. Its value falls by 15% every year. What will it be worth after 3 years (in ₹)?
  7. 7.What is the difference between the compound interest and the simple interest on ₹35000 at 20% per year for 2 years (in ₹)?
  8. 8.A scooter is worth ₹27900. Its value falls by 20% every year. What will it be worth after 1 year (in ₹)?
  9. 9.Find the compound interest on ₹47800 at 12% per year for 1 year, compounded every year (in ₹).
  10. 10.Find the compound interest on ₹49800 at 10% per year for 1 year, compounded every year (in ₹).
  11. 11.Find the compound interest on ₹39200 at 5% per year for 2 years, compounded every year (in ₹).
  12. 12.A scooter is worth ₹16000. Its value falls by 5% every year. What will it be worth after 3 years (in ₹)?
  13. 13.What is the difference between the compound interest and the simple interest on ₹2500 at 12% per year for 2 years (in ₹)?
  14. 14.What amount will ₹17600 grow to in 1 year at 20% per year compound interest (in ₹)?
  15. 15.A scooter is worth ₹17500. Its value falls by 4% every year. What will it be worth after 2 years (in ₹)?
  16. 16.What is the difference between the compound interest and the simple interest on ₹50000 at 25% per year for 2 years (in ₹)?
  17. 17.What amount will ₹55200 grow to in 2 years at 25% per year compound interest (in ₹)?
  18. 18.What amount will ₹11000 grow to in 3 years at 10% per year compound interest (in ₹)?
  19. 19.A scooter is worth ₹6400. Its value falls by 25% every year. What will it be worth after 3 years (in ₹)?
  20. 20.What amount will ₹25600 grow to in 3 years at 25% per year compound interest (in ₹)?
  21. 21.What amount will ₹48200 grow to in 1 year at 5% per year compound interest (in ₹)?
  22. 22.What amount will ₹31500 grow to in 1 year at 8% per year compound interest (in ₹)?
  23. 23.A scooter is worth ₹48400. Its value falls by 5% every year. What will it be worth after 2 years (in ₹)?
  24. 24.What is the difference between the compound interest and the simple interest on ₹10000 at 8% per year for 2 years (in ₹)?
  25. 25.Find the compound interest on ₹18600 at 15% per year for 1 year, compounded every year (in ₹).
  26. 26.What is the difference between the compound interest and the simple interest on ₹41800 at 10% per year for 2 years (in ₹)?
  27. 27.What amount will ₹55800 grow to in 1 year at 12% per year compound interest (in ₹)?
  28. 28.Find the compound interest on ₹41300 at 10% per year for 1 year, compounded every year (in ₹).
  29. 29.What is the difference between the compound interest and the simple interest on ₹37200 at 5% per year for 2 years (in ₹)?
  30. 30.Find the compound interest on ₹30400 at 10% per year for 2 years, compounded every year (in ₹).
  31. 31.What amount will ₹10000 grow to in 2 years at 12% per year compound interest (in ₹)?
  32. 32.Find the compound interest on ₹46800 at 5% per year for 1 year, compounded every year (in ₹).
  33. 33.What is the difference between the compound interest and the simple interest on ₹45600 at 5% per year for 2 years (in ₹)?
  34. 34.Find the compound interest on ₹40000 at 25% per year for 1 year, compounded every year (in ₹).
  35. 35.What is the difference between the compound interest and the simple interest on ₹46800 at 20% per year for 2 years (in ₹)?
  36. 36.A town has 13000 people. The population grows by 10% every year. What will the population be after 3 years?
  37. 37.What amount will ₹32000 grow to in 3 years at 15% per year compound interest (in ₹)?
  38. 38.A town has 17600 people. The population grows by 5% every year. What will the population be after 2 years?
  39. 39.What amount will ₹10000 grow to in 2 years at 4% per year compound interest (in ₹)?
  40. 40.What is the difference between the compound interest and the simple interest on ₹10000 at 12% per year for 2 years (in ₹)?

Answer key

  1. 18165
  2. 1986
  3. 477
  4. 12789
  5. 790
  6. 9826
  7. 1400
  8. 22320
  9. 5736
  10. 4980
  11. 4018
  12. 13718
  13. 36
  14. 21120
  15. 16128
  16. 3125
  17. 86250
  18. 14641
  19. 2700
  20. 50000
  21. 50610
  22. 34020
  23. 43681
  24. 64
  25. 2790
  26. 418
  27. 62496
  28. 4130
  29. 93
  30. 6384
  31. 12544
  32. 2340
  33. 114
  34. 10000
  35. 1872
  36. 17303
  37. 48668
  38. 19404
  39. 10816
  40. 144

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