Class 8 Maths Worksheet: Compound Interest
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.What is the difference between the compound interest and the simple interest on ₹45200 at 15% per year for 2 years (in ₹)?
- 2.Find the compound interest on ₹34200 at 10% per year for 2 years, compounded every year (in ₹).
- 3.What amount will ₹32000 grow to in 3 years at 5% per year compound interest (in ₹)?
- 4.What is the difference between the compound interest and the simple interest on ₹55600 at 5% per year for 2 years (in ₹)?
- 5.Find the compound interest on ₹28000 at 25% per year for 2 years, compounded every year (in ₹).
- 6.Find the compound interest on ₹31500 at 20% per year for 2 years, compounded every year (in ₹).
- 7.What amount will ₹7400 grow to in 1 year at 25% per year compound interest (in ₹)?
- 8.Find the compound interest on ₹18900 at 25% per year for 1 year, compounded every year (in ₹).
- 9.A town has 57500 people. The population grows by 12% every year. What will the population be after 2 years?
- 10.What is the difference between the compound interest and the simple interest on ₹2800 at 25% per year for 2 years (in ₹)?
- 11.What amount will ₹3400 grow to in 2 years at 20% per year compound interest (in ₹)?
- 12.What amount will ₹12500 grow to in 2 years at 12% per year compound interest (in ₹)?
- 13.What amount will ₹59600 grow to in 2 years at 5% per year compound interest (in ₹)?
- 14.Find the compound interest on ₹24000 at 5% per year for 3 years, compounded every year (in ₹).
- 15.A scooter is worth ₹18400. Its value falls by 5% every year. What will it be worth after 2 years (in ₹)?
- 16.A scooter is worth ₹54000. Its value falls by 4% every year. What will it be worth after 1 year (in ₹)?
- 17.What amount will ₹6400 grow to in 3 years at 25% per year compound interest (in ₹)?
- 18.Find the compound interest on ₹29700 at 20% per year for 2 years, compounded every year (in ₹).
- 19.What amount will ₹10600 grow to in 1 year at 25% per year compound interest (in ₹)?
- 20.What amount will ₹16000 grow to in 2 years at 15% per year compound interest (in ₹)?
- 21.What is the difference between the compound interest and the simple interest on ₹53600 at 25% per year for 2 years (in ₹)?
- 22.What is the difference between the compound interest and the simple interest on ₹51900 at 10% per year for 2 years (in ₹)?
- 23.Find the compound interest on ₹25600 at 15% per year for 2 years, compounded every year (in ₹).
- 24.Find the compound interest on ₹34400 at 15% per year for 2 years, compounded every year (in ₹).
- 25.What amount will ₹33300 grow to in 1 year at 5% per year compound interest (in ₹)?
- 26.What is the difference between the compound interest and the simple interest on ₹32500 at 10% per year for 2 years (in ₹)?
- 27.Find the compound interest on ₹37500 at 8% per year for 2 years, compounded every year (in ₹).
- 28.A town has 16000 people. The population grows by 10% every year. What will the population be after 1 year?
- 29.Find the compound interest on ₹24000 at 15% per year for 3 years, compounded every year (in ₹).
- 30.Find the compound interest on ₹52500 at 12% per year for 2 years, compounded every year (in ₹).
- 31.Find the compound interest on ₹29300 at 25% per year for 1 year, compounded every year (in ₹).
- 32.A scooter is worth ₹10100. Its value falls by 10% every year. What will it be worth after 1 year (in ₹)?
- 33.What is the difference between the compound interest and the simple interest on ₹36300 at 10% per year for 2 years (in ₹)?
- 34.A scooter is worth ₹24600. Its value falls by 10% every year. What will it be worth after 2 years (in ₹)?
- 35.What amount will ₹44400 grow to in 1 year at 10% per year compound interest (in ₹)?
- 36.A town has 45500 people. The population grows by 10% every year. What will the population be after 1 year?
- 37.What amount will ₹24500 grow to in 3 years at 20% per year compound interest (in ₹)?
- 38.Find the compound interest on ₹17200 at 5% per year for 2 years, compounded every year (in ₹).
- 39.What is the difference between the compound interest and the simple interest on ₹20800 at 25% per year for 2 years (in ₹)?
- 40.Find the compound interest on ₹50800 at 15% per year for 2 years, compounded every year (in ₹).
Answer key
- 1017
- 7182
- 37044
- 139
- 15750
- 13860
- 9250
- 4725
- 72128
- 175
- 4896
- 15680
- 65709
- 3783
- 16606
- 51840
- 12500
- 13068
- 13250
- 21160
- 3350
- 519
- 8256
- 11094
- 34965
- 325
- 6240
- 17600
- 12501
- 13356
- 7325
- 9090
- 363
- 19926
- 48840
- 50050
- 42336
- 1763
- 1300
- 16383
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