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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 400 · 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.Find the compound interest on ₹49600 at 12% per year for 1 year, compounded every year (in ₹).
  2. 2.Find the compound interest on ₹17500 at 10% per year for 2 years, compounded every year (in ₹).
  3. 3.Find the compound interest on ₹40000 at 25% per year for 2 years, compounded every year (in ₹).
  4. 4.What amount will ₹15700 grow to in 1 year at 15% per year compound interest (in ₹)?
  5. 5.What is the difference between the compound interest and the simple interest on ₹58300 at 10% per year for 2 years (in ₹)?
  6. 6.What amount will ₹6000 grow to in 2 years at 5% per year compound interest (in ₹)?
  7. 7.Find the compound interest on ₹58200 at 25% per year for 1 year, compounded every year (in ₹).
  8. 8.What amount will ₹52600 grow to in 1 year at 10% per year compound interest (in ₹)?
  9. 9.Find the compound interest on ₹3200 at 15% per year for 2 years, compounded every year (in ₹).
  10. 10.A scooter is worth ₹32000. Its value falls by 15% every year. What will it be worth after 3 years (in ₹)?
  11. 11.Find the compound interest on ₹15000 at 8% per year for 2 years, compounded every year (in ₹).
  12. 12.Find the compound interest on ₹48000 at 5% per year for 3 years, compounded every year (in ₹).
  13. 13.What amount will ₹2500 grow to in 3 years at 20% per year compound interest (in ₹)?
  14. 14.A town has 48000 people. The population grows by 5% every year. What will the population be after 3 years?
  15. 15.Find the compound interest on ₹37500 at 8% per year for 2 years, compounded every year (in ₹).
  16. 16.What amount will ₹39000 grow to in 3 years at 10% per year compound interest (in ₹)?
  17. 17.Find the compound interest on ₹8200 at 12% per year for 1 year, compounded every year (in ₹).
  18. 18.What amount will ₹38000 grow to in 3 years at 10% per year compound interest (in ₹)?
  19. 19.What is the difference between the compound interest and the simple interest on ₹3300 at 20% per year for 2 years (in ₹)?
  20. 20.A town has 24000 people. The population grows by 25% every year. What will the population be after 1 year?
  21. 21.A town has 11000 people. The population grows by 10% every year. What will the population be after 3 years?
  22. 22.What amount will ₹24000 grow to in 1 year at 20% per year compound interest (in ₹)?
  23. 23.Find the compound interest on ₹11200 at 12% per year for 1 year, compounded every year (in ₹).
  24. 24.What amount will ₹52000 grow to in 3 years at 10% per year compound interest (in ₹)?
  25. 25.What amount will ₹10000 grow to in 2 years at 8% per year compound interest (in ₹)?
  26. 26.Find the compound interest on ₹13700 at 15% per year for 1 year, compounded every year (in ₹).
  27. 27.What amount will ₹7500 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 ₹12200 at 10% per year for 2 years (in ₹)?
  29. 29.Find the compound interest on ₹56800 at 10% per year for 1 year, compounded every year (in ₹).
  30. 30.What is the difference between the compound interest and the simple interest on ₹57200 at 15% per year for 2 years (in ₹)?
  31. 31.A town has 14000 people. The population grows by 25% every year. What will the population be after 2 years?
  32. 32.A scooter is worth ₹33200. Its value falls by 25% every year. What will it be worth after 2 years (in ₹)?
  33. 33.What amount will ₹27200 grow to in 3 years at 25% per year compound interest (in ₹)?
  34. 34.What amount will ₹24600 grow to in 1 year at 4% per year compound interest (in ₹)?
  35. 35.What amount will ₹40000 grow to in 3 years at 5% per year compound interest (in ₹)?
  36. 36.What amount will ₹48000 grow to in 3 years at 5% per year compound interest (in ₹)?
  37. 37.A town has 35800 people. The population grows by 5% every year. What will the population be after 1 year?
  38. 38.What amount will ₹27500 grow to in 2 years at 12% per year compound interest (in ₹)?
  39. 39.Find the compound interest on ₹32000 at 5% per year for 3 years, compounded every year (in ₹).
  40. 40.Find the compound interest on ₹35200 at 25% per year for 2 years, compounded every year (in ₹).

Answer key

  1. 5952
  2. 3675
  3. 22500
  4. 18055
  5. 583
  6. 6615
  7. 14550
  8. 57860
  9. 1032
  10. 19652
  11. 2496
  12. 7566
  13. 4320
  14. 55566
  15. 6240
  16. 51909
  17. 984
  18. 50578
  19. 132
  20. 30000
  21. 14641
  22. 28800
  23. 1344
  24. 69212
  25. 11664
  26. 2055
  27. 12960
  28. 122
  29. 5680
  30. 1287
  31. 21875
  32. 18675
  33. 53125
  34. 25584
  35. 46305
  36. 55566
  37. 37590
  38. 34496
  39. 5044
  40. 19800

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