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.
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- 1.What amount will ₹15000 grow to in 3 years at 10% per year compound interest (in ₹)?
- 2.What amount will ₹39600 grow to in 2 years at 10% per year compound interest (in ₹)?
- 3.What is the difference between the compound interest and the simple interest on ₹12500 at 4% per year for 2 years (in ₹)?
- 4.Find the compound interest on ₹40000 at 5% per year for 3 years, compounded every year (in ₹).
- 5.Find the compound interest on ₹56000 at 15% per year for 3 years, compounded every year (in ₹).
- 6.What amount will ₹11200 grow to in 3 years at 25% per year compound interest (in ₹)?
- 7.What is the difference between the compound interest and the simple interest on ₹28000 at 5% per year for 2 years (in ₹)?
- 8.A scooter is worth ₹12500. Its value falls by 8% every year. What will it be worth after 2 years (in ₹)?
- 9.What amount will ₹17500 grow to in 2 years at 4% per year compound interest (in ₹)?
- 10.What is the difference between the compound interest and the simple interest on ₹46800 at 5% per year for 2 years (in ₹)?
- 11.Find the compound interest on ₹25000 at 4% per year for 2 years, compounded every year (in ₹).
- 12.Find the compound interest on ₹30000 at 12% per year for 2 years, compounded every year (in ₹).
- 13.What is the difference between the compound interest and the simple interest on ₹6000 at 15% per year for 2 years (in ₹)?
- 14.Find the compound interest on ₹7000 at 10% per year for 3 years, compounded every year (in ₹).
- 15.Find the compound interest on ₹6700 at 10% per year for 2 years, compounded every year (in ₹).
- 16.What is the difference between the compound interest and the simple interest on ₹25000 at 8% per year for 2 years (in ₹)?
- 17.Find the compound interest on ₹25400 at 25% per year for 1 year, compounded every year (in ₹).
- 18.Find the compound interest on ₹53200 at 20% per year for 2 years, compounded every year (in ₹).
- 19.A town has 15000 people. The population grows by 12% every year. What will the population be after 2 years?
- 20.What is the difference between the compound interest and the simple interest on ₹2500 at 4% per year for 2 years (in ₹)?
- 21.Find the compound interest on ₹8400 at 15% per year for 2 years, compounded every year (in ₹).
- 22.Find the compound interest on ₹2500 at 12% per year for 2 years, compounded every year (in ₹).
- 23.A town has 47500 people. The population grows by 4% every year. What will the population be after 2 years?
- 24.A town has 20600 people. The population grows by 20% every year. What will the population be after 2 years?
- 25.What amount will ₹5500 grow to in 1 year at 15% per year compound interest (in ₹)?
- 26.What is the difference between the compound interest and the simple interest on ₹2400 at 15% per year for 2 years (in ₹)?
- 27.Find the compound interest on ₹9900 at 20% per year for 1 year, compounded every year (in ₹).
- 28.What is the difference between the compound interest and the simple interest on ₹18400 at 25% per year for 2 years (in ₹)?
- 29.Find the compound interest on ₹34400 at 25% per year for 2 years, compounded every year (in ₹).
- 30.A town has 4200 people. The population grows by 20% every year. What will the population be after 1 year?
- 31.Find the compound interest on ₹17500 at 12% per year for 2 years, compounded every year (in ₹).
- 32.A scooter is worth ₹4000. Its value falls by 25% every year. What will it be worth after 2 years (in ₹)?
- 33.Find the compound interest on ₹5100 at 5% per year for 1 year, compounded every year (in ₹).
- 34.What is the difference between the compound interest and the simple interest on ₹32500 at 4% per year for 2 years (in ₹)?
- 35.A scooter is worth ₹16000. Its value falls by 15% every year. What will it be worth after 3 years (in ₹)?
- 36.Find the compound interest on ₹4000 at 15% per year for 2 years, compounded every year (in ₹).
- 37.What amount will ₹16000 grow to in 2 years at 10% per year compound interest (in ₹)?
- 38.A scooter is worth ₹8000. Its value falls by 5% every year. What will it be worth after 3 years (in ₹)?
- 39.Find the compound interest on ₹33600 at 25% per year for 3 years, compounded every year (in ₹).
- 40.Find the compound interest on ₹56500 at 12% per year for 1 year, compounded every year (in ₹).
Answer key
- 19965
- 47916
- 20
- 6305
- 29169
- 21875
- 70
- 10580
- 18928
- 117
- 2040
- 7632
- 135
- 2317
- 1407
- 160
- 6350
- 23408
- 18816
- 4
- 2709
- 636
- 51376
- 29664
- 6325
- 54
- 1980
- 1150
- 19350
- 5040
- 4452
- 2250
- 255
- 52
- 9826
- 1290
- 19360
- 6859
- 32025
- 6780
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