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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 461 · 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.What amount will ₹30800 grow to in 1 year at 8% per year compound interest (in ₹)?
  2. 2.What is the difference between the compound interest and the simple interest on ₹27500 at 4% per year for 2 years (in ₹)?
  3. 3.Find the compound interest on ₹8000 at 25% per year for 2 years, compounded every year (in ₹).
  4. 4.Find the compound interest on ₹27600 at 5% per year for 2 years, compounded every year (in ₹).
  5. 5.What is the difference between the compound interest and the simple interest on ₹15000 at 4% per year for 2 years (in ₹)?
  6. 6.What is the difference between the compound interest and the simple interest on ₹10800 at 25% per year for 2 years (in ₹)?
  7. 7.What is the difference between the compound interest and the simple interest on ₹14800 at 25% per year for 2 years (in ₹)?
  8. 8.What is the difference between the compound interest and the simple interest on ₹20000 at 4% per year for 2 years (in ₹)?
  9. 9.What amount will ₹44800 grow to in 3 years at 25% per year compound interest (in ₹)?
  10. 10.Find the compound interest on ₹33600 at 10% per year for 2 years, compounded every year (in ₹).
  11. 11.A scooter is worth ₹5000. Its value falls by 8% every year. What will it be worth after 2 years (in ₹)?
  12. 12.A town has 32500 people. The population grows by 8% every year. What will the population be after 2 years?
  13. 13.A town has 11200 people. The population grows by 25% every year. What will the population be after 3 years?
  14. 14.What is the difference between the compound interest and the simple interest on ₹15600 at 25% per year for 2 years (in ₹)?
  15. 15.A town has 25000 people. The population grows by 4% every year. What will the population be after 2 years?
  16. 16.What amount will ₹40000 grow to in 3 years at 25% per year compound interest (in ₹)?
  17. 17.What is the difference between the compound interest and the simple interest on ₹14700 at 10% per year for 2 years (in ₹)?
  18. 18.Find the compound interest on ₹3400 at 20% per year for 1 year, compounded every year (in ₹).
  19. 19.What is the difference between the compound interest and the simple interest on ₹41600 at 5% per year for 2 years (in ₹)?
  20. 20.A town has 11000 people. The population grows by 10% every year. What will the population be after 3 years?
  21. 21.Find the compound interest on ₹25900 at 10% per year for 1 year, compounded every year (in ₹).
  22. 22.A scooter is worth ₹16600. Its value falls by 12% every year. What will it be worth after 1 year (in ₹)?
  23. 23.What amount will ₹32700 grow to in 1 year at 20% per year compound interest (in ₹)?
  24. 24.Find the compound interest on ₹50000 at 12% per year for 2 years, compounded every year (in ₹).
  25. 25.Find the compound interest on ₹52000 at 10% per year for 3 years, compounded every year (in ₹).
  26. 26.What amount will ₹8000 grow to in 2 years at 5% per year compound interest (in ₹)?
  27. 27.What amount will ₹24000 grow to in 3 years at 5% per year compound interest (in ₹)?
  28. 28.Find the compound interest on ₹11200 at 20% per year for 1 year, compounded every year (in ₹).
  29. 29.A scooter is worth ₹36000. Its value falls by 10% every year. What will it be worth after 1 year (in ₹)?
  30. 30.Find the compound interest on ₹19000 at 20% per year for 1 year, compounded every year (in ₹).
  31. 31.What amount will ₹49000 grow to in 3 years at 20% per year compound interest (in ₹)?
  32. 32.Find the compound interest on ₹25300 at 12% per year for 1 year, compounded every year (in ₹).
  33. 33.Find the compound interest on ₹38800 at 4% per year for 1 year, compounded every year (in ₹).
  34. 34.Find the compound interest on ₹13600 at 12% per year for 1 year, compounded every year (in ₹).
  35. 35.What amount will ₹7500 grow to in 1 year at 15% per year compound interest (in ₹)?
  36. 36.Find the compound interest on ₹33600 at 15% per year for 2 years, compounded every year (in ₹).
  37. 37.Find the compound interest on ₹12600 at 10% per year for 1 year, compounded every year (in ₹).
  38. 38.What amount will ₹11700 grow to in 2 years at 10% per year compound interest (in ₹)?
  39. 39.Find the compound interest on ₹2800 at 15% per year for 2 years, compounded every year (in ₹).
  40. 40.Find the compound interest on ₹32400 at 5% per year for 1 year, compounded every year (in ₹).

Answer key

  1. 33264
  2. 44
  3. 4500
  4. 2829
  5. 24
  6. 675
  7. 925
  8. 32
  9. 87500
  10. 7056
  11. 4232
  12. 37908
  13. 21875
  14. 975
  15. 27040
  16. 78125
  17. 147
  18. 680
  19. 104
  20. 14641
  21. 2590
  22. 14608
  23. 39240
  24. 12720
  25. 17212
  26. 8820
  27. 27783
  28. 2240
  29. 32400
  30. 3800
  31. 84672
  32. 3036
  33. 1552
  34. 1632
  35. 8625
  36. 10836
  37. 1260
  38. 14157
  39. 903
  40. 1620

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