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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 647 · 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.What amount will ₹4600 grow to in 1 year at 10% per year compound interest (in ₹)?
  2. 2.Find the compound interest on ₹33000 at 20% per year for 3 years, compounded every year (in ₹).
  3. 3.Find the compound interest on ₹48000 at 5% per year for 3 years, compounded every year (in ₹).
  4. 4.What amount will ₹32600 grow to in 1 year at 12% per year compound interest (in ₹)?
  5. 5.What amount will ₹55400 grow to in 1 year at 20% per year compound interest (in ₹)?
  6. 6.What amount will ₹58000 grow to in 2 years at 5% per year compound interest (in ₹)?
  7. 7.A town has 37500 people. The population grows by 8% every year. What will the population be after 2 years?
  8. 8.Find the compound interest on ₹12400 at 20% per year for 2 years, compounded every year (in ₹).
  9. 9.What amount will ₹3600 grow to in 1 year at 10% per year compound interest (in ₹)?
  10. 10.What is the difference between the compound interest and the simple interest on ₹52400 at 15% per year for 2 years (in ₹)?
  11. 11.A town has 21900 people. The population grows by 12% every year. What will the population be after 1 year?
  12. 12.A scooter is worth ₹54700. Its value falls by 4% every year. What will it be worth after 1 year (in ₹)?
  13. 13.A town has 5000 people. The population grows by 10% every year. What will the population be after 3 years?
  14. 14.Find the compound interest on ₹3600 at 10% per year for 1 year, compounded every year (in ₹).
  15. 15.A town has 7600 people. The population grows by 5% every year. What will the population be after 2 years?
  16. 16.What amount will ₹37000 grow to in 3 years at 20% per year compound interest (in ₹)?
  17. 17.What amount will ₹19200 grow to in 2 years at 15% per year compound interest (in ₹)?
  18. 18.What is the difference between the compound interest and the simple interest on ₹51000 at 10% per year for 2 years (in ₹)?
  19. 19.Find the compound interest on ₹51500 at 20% per year for 3 years, compounded every year (in ₹).
  20. 20.What is the difference between the compound interest and the simple interest on ₹47500 at 12% per year for 2 years (in ₹)?
  21. 21.What amount will ₹29600 grow to in 1 year at 12% per year compound interest (in ₹)?
  22. 22.Find the compound interest on ₹52200 at 4% per year for 1 year, compounded every year (in ₹).
  23. 23.Find the compound interest on ₹24000 at 15% per year for 3 years, compounded every year (in ₹).
  24. 24.Find the compound interest on ₹47800 at 12% per year for 1 year, compounded every year (in ₹).
  25. 25.What amount will ₹9200 grow to in 2 years at 15% per year compound interest (in ₹)?
  26. 26.What amount will ₹57500 grow to in 2 years at 4% per year compound interest (in ₹)?
  27. 27.What amount will ₹15600 grow to in 1 year at 8% per year compound interest (in ₹)?
  28. 28.What amount will ₹4700 grow to in 1 year at 12% per year compound interest (in ₹)?
  29. 29.What amount will ₹4800 grow to in 1 year at 25% per year compound interest (in ₹)?
  30. 30.Find the compound interest on ₹48000 at 10% per year for 3 years, compounded every year (in ₹).
  31. 31.A town has 30000 people. The population grows by 12% every year. What will the population be after 2 years?
  32. 32.What amount will ₹56600 grow to in 1 year at 4% per year compound interest (in ₹)?
  33. 33.What is the difference between the compound interest and the simple interest on ₹20000 at 8% per year for 2 years (in ₹)?
  34. 34.What is the difference between the compound interest and the simple interest on ₹58400 at 20% per year for 2 years (in ₹)?
  35. 35.Find the compound interest on ₹16000 at 15% per year for 3 years, compounded every year (in ₹).
  36. 36.A town has 56900 people. The population grows by 20% every year. What will the population be after 2 years?
  37. 37.What amount will ₹11700 grow to in 1 year at 10% per year compound interest (in ₹)?
  38. 38.Find the compound interest on ₹52100 at 4% per year for 1 year, compounded every year (in ₹).
  39. 39.Find the compound interest on ₹7700 at 20% per year for 1 year, compounded every year (in ₹).
  40. 40.A town has 11400 people. The population grows by 10% every year. What will the population be after 2 years?

Answer key

  1. 5060
  2. 24024
  3. 7566
  4. 36512
  5. 66480
  6. 63945
  7. 43740
  8. 5456
  9. 3960
  10. 1179
  11. 24528
  12. 52512
  13. 6655
  14. 360
  15. 8379
  16. 63936
  17. 25392
  18. 510
  19. 37492
  20. 684
  21. 33152
  22. 2088
  23. 12501
  24. 5736
  25. 12167
  26. 62192
  27. 16848
  28. 5264
  29. 6000
  30. 15888
  31. 37632
  32. 58864
  33. 128
  34. 2336
  35. 8334
  36. 81936
  37. 12870
  38. 2084
  39. 1540
  40. 13794

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