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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 619 · 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 ₹59200 grow to in 3 years at 25% per year compound interest (in ₹)?
  2. 2.Find the compound interest on ₹12500 at 8% per year for 2 years, compounded every year (in ₹).
  3. 3.What is the difference between the compound interest and the simple interest on ₹31600 at 25% per year for 2 years (in ₹)?
  4. 4.A town has 17800 people. The population grows by 20% every year. What will the population be after 2 years?
  5. 5.A town has 42000 people. The population grows by 20% every year. What will the population be after 2 years?
  6. 6.What is the difference between the compound interest and the simple interest on ₹9600 at 15% per year for 2 years (in ₹)?
  7. 7.Find the compound interest on ₹11500 at 20% per year for 3 years, compounded every year (in ₹).
  8. 8.A scooter is worth ₹25000. Its value falls by 20% every year. What will it be worth after 1 year (in ₹)?
  9. 9.What is the difference between the compound interest and the simple interest on ₹15000 at 10% per year for 2 years (in ₹)?
  10. 10.What is the difference between the compound interest and the simple interest on ₹46800 at 25% per year for 2 years (in ₹)?
  11. 11.Find the compound interest on ₹13400 at 20% per year for 2 years, compounded every year (in ₹).
  12. 12.Find the compound interest on ₹15000 at 8% per year for 2 years, compounded every year (in ₹).
  13. 13.What amount will ₹35000 grow to in 3 years at 10% per year compound interest (in ₹)?
  14. 14.What amount will ₹56000 grow to in 3 years at 15% per year compound interest (in ₹)?
  15. 15.What is the difference between the compound interest and the simple interest on ₹10000 at 25% per year for 2 years (in ₹)?
  16. 16.What amount will ₹47500 grow to in 2 years at 8% per year compound interest (in ₹)?
  17. 17.What amount will ₹56800 grow to in 2 years at 10% per year compound interest (in ₹)?
  18. 18.Find the compound interest on ₹11200 at 15% per year for 2 years, compounded every year (in ₹).
  19. 19.What amount will ₹56000 grow to in 3 years at 5% per year compound interest (in ₹)?
  20. 20.Find the compound interest on ₹5000 at 4% per year for 2 years, compounded every year (in ₹).
  21. 21.A scooter is worth ₹10200. Its value falls by 8% every year. What will it be worth after 1 year (in ₹)?
  22. 22.Find the compound interest on ₹33600 at 25% per year for 3 years, compounded every year (in ₹).
  23. 23.Find the compound interest on ₹20000 at 10% per year for 3 years, compounded every year (in ₹).
  24. 24.What is the difference between the compound interest and the simple interest on ₹47500 at 8% per year for 2 years (in ₹)?
  25. 25.What amount will ₹7500 grow to in 2 years at 4% per year compound interest (in ₹)?
  26. 26.What amount will ₹25100 grow to in 1 year at 8% per year compound interest (in ₹)?
  27. 27.What amount will ₹56000 grow to in 3 years at 25% per year compound interest (in ₹)?
  28. 28.A scooter is worth ₹23200. Its value falls by 5% every year. What will it be worth after 2 years (in ₹)?
  29. 29.Find the compound interest on ₹48000 at 15% per year for 3 years, compounded every year (in ₹).
  30. 30.A scooter is worth ₹44800. Its value falls by 10% every year. What will it be worth after 1 year (in ₹)?
  31. 31.Find the compound interest on ₹33900 at 10% per year for 1 year, compounded every year (in ₹).
  32. 32.What is the difference between the compound interest and the simple interest on ₹6400 at 25% per year for 2 years (in ₹)?
  33. 33.What is the difference between the compound interest and the simple interest on ₹14000 at 5% per year for 2 years (in ₹)?
  34. 34.What amount will ₹27200 grow to in 1 year at 20% per year compound interest (in ₹)?
  35. 35.What amount will ₹42800 grow to in 2 years at 5% per year compound interest (in ₹)?
  36. 36.Find the compound interest on ₹26000 at 10% per year for 3 years, compounded every year (in ₹).
  37. 37.What amount will ₹37500 grow to in 2 years at 8% per year compound interest (in ₹)?
  38. 38.What amount will ₹29600 grow to in 1 year at 4% per year compound interest (in ₹)?
  39. 39.What is the difference between the compound interest and the simple interest on ₹42400 at 25% per year for 2 years (in ₹)?
  40. 40.Find the compound interest on ₹49500 at 10% per year for 1 year, compounded every year (in ₹).

Answer key

  1. 115625
  2. 2080
  3. 1975
  4. 25632
  5. 60480
  6. 216
  7. 8372
  8. 20000
  9. 150
  10. 2925
  11. 5896
  12. 2496
  13. 46585
  14. 85169
  15. 625
  16. 55404
  17. 68728
  18. 3612
  19. 64827
  20. 408
  21. 9384
  22. 32025
  23. 6620
  24. 304
  25. 8112
  26. 27108
  27. 109375
  28. 20938
  29. 25002
  30. 40320
  31. 3390
  32. 400
  33. 35
  34. 32640
  35. 47187
  36. 8606
  37. 43740
  38. 30784
  39. 2650
  40. 4950

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