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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 359 · 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.Find the compound interest on ₹3800 at 10% per year for 1 year, compounded every year (in ₹).
  2. 2.What is the difference between the compound interest and the simple interest on ₹24800 at 5% per year for 2 years (in ₹)?
  3. 3.Find the compound interest on ₹24400 at 5% per year for 2 years, compounded every year (in ₹).
  4. 4.Find the compound interest on ₹40000 at 5% per year for 3 years, compounded every year (in ₹).
  5. 5.What is the difference between the compound interest and the simple interest on ₹10000 at 4% per year for 2 years (in ₹)?
  6. 6.Find the compound interest on ₹58200 at 12% per year for 1 year, compounded every year (in ₹).
  7. 7.What amount will ₹14000 grow to in 2 years at 15% per year compound interest (in ₹)?
  8. 8.Find the compound interest on ₹30000 at 20% per year for 3 years, compounded every year (in ₹).
  9. 9.Find the compound interest on ₹16200 at 5% per year for 1 year, compounded every year (in ₹).
  10. 10.Find the compound interest on ₹51600 at 10% per year for 1 year, compounded every year (in ₹).
  11. 11.Find the compound interest on ₹14400 at 25% per year for 3 years, compounded every year (in ₹).
  12. 12.A town has 34000 people. The population grows by 10% every year. What will the population be after 1 year?
  13. 13.Find the compound interest on ₹11700 at 10% per year for 1 year, compounded every year (in ₹).
  14. 14.A scooter is worth ₹25200. Its value falls by 15% every year. What will it be worth after 1 year (in ₹)?
  15. 15.Find the compound interest on ₹52800 at 25% per year for 3 years, compounded every year (in ₹).
  16. 16.What is the difference between the compound interest and the simple interest on ₹50400 at 5% per year for 2 years (in ₹)?
  17. 17.Find the compound interest on ₹40400 at 20% per year for 2 years, compounded every year (in ₹).
  18. 18.What amount will ₹18800 grow to in 2 years at 20% per year compound interest (in ₹)?
  19. 19.What amount will ₹53000 grow to in 3 years at 10% per year compound interest (in ₹)?
  20. 20.A scooter is worth ₹4800. Its value falls by 5% every year. What will it be worth after 2 years (in ₹)?
  21. 21.A town has 40000 people. The population grows by 25% every year. What will the population be after 3 years?
  22. 22.What amount will ₹7500 grow to in 2 years at 12% per year compound interest (in ₹)?
  23. 23.What amount will ₹20800 grow to in 3 years at 25% per year compound interest (in ₹)?
  24. 24.What amount will ₹40000 grow to in 1 year at 15% per year compound interest (in ₹)?
  25. 25.What is the difference between the compound interest and the simple interest on ₹51000 at 20% per year for 2 years (in ₹)?
  26. 26.Find the compound interest on ₹35000 at 8% per year for 2 years, compounded every year (in ₹).
  27. 27.Find the compound interest on ₹32000 at 10% per year for 3 years, compounded every year (in ₹).
  28. 28.A town has 48000 people. The population grows by 5% every year. What will the population be after 3 years?
  29. 29.Find the compound interest on ₹19000 at 10% per year for 3 years, compounded every year (in ₹).
  30. 30.A scooter is worth ₹12300. Its value falls by 5% every year. What will it be worth after 1 year (in ₹)?
  31. 31.What amount will ₹29300 grow to in 1 year at 8% per year compound interest (in ₹)?
  32. 32.What is the difference between the compound interest and the simple interest on ₹32500 at 4% per year for 2 years (in ₹)?
  33. 33.Find the compound interest on ₹8400 at 5% per year for 1 year, compounded every year (in ₹).
  34. 34.Find the compound interest on ₹36500 at 10% per year for 2 years, compounded every year (in ₹).
  35. 35.What is the difference between the compound interest and the simple interest on ₹18800 at 5% per year for 2 years (in ₹)?
  36. 36.What is the difference between the compound interest and the simple interest on ₹56000 at 20% per year for 2 years (in ₹)?
  37. 37.A town has 42000 people. The population grows by 10% every year. What will the population be after 3 years?
  38. 38.What is the difference between the compound interest and the simple interest on ₹31100 at 20% per year for 2 years (in ₹)?
  39. 39.What is the difference between the compound interest and the simple interest on ₹14300 at 10% per year for 2 years (in ₹)?
  40. 40.Find the compound interest on ₹41400 at 10% per year for 1 year, compounded every year (in ₹).

Answer key

  1. 380
  2. 62
  3. 2501
  4. 6305
  5. 16
  6. 6984
  7. 18515
  8. 21840
  9. 810
  10. 5160
  11. 13725
  12. 37400
  13. 1170
  14. 21420
  15. 50325
  16. 126
  17. 17776
  18. 27072
  19. 70543
  20. 4332
  21. 78125
  22. 9408
  23. 40625
  24. 46000
  25. 2040
  26. 5824
  27. 10592
  28. 55566
  29. 6289
  30. 11685
  31. 31644
  32. 52
  33. 420
  34. 7665
  35. 47
  36. 2240
  37. 55902
  38. 1244
  39. 143
  40. 4140

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