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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 785 · 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 ₹15000 grow to in 3 years at 10% per year compound interest (in ₹)?
  2. 2.What amount will ₹39600 grow to in 2 years at 10% per year compound interest (in ₹)?
  3. 3.What is the difference between the compound interest and the simple interest on ₹12500 at 4% per year for 2 years (in ₹)?
  4. 4.Find the compound interest on ₹40000 at 5% per year for 3 years, compounded every year (in ₹).
  5. 5.Find the compound interest on ₹56000 at 15% per year for 3 years, compounded every year (in ₹).
  6. 6.What amount will ₹11200 grow to in 3 years at 25% per year compound interest (in ₹)?
  7. 7.What is the difference between the compound interest and the simple interest on ₹28000 at 5% per year for 2 years (in ₹)?
  8. 8.A scooter is worth ₹12500. Its value falls by 8% every year. What will it be worth after 2 years (in ₹)?
  9. 9.What amount will ₹17500 grow to in 2 years at 4% per year compound interest (in ₹)?
  10. 10.What is the difference between the compound interest and the simple interest on ₹46800 at 5% per year for 2 years (in ₹)?
  11. 11.Find the compound interest on ₹25000 at 4% per year for 2 years, compounded every year (in ₹).
  12. 12.Find the compound interest on ₹30000 at 12% per year for 2 years, compounded every year (in ₹).
  13. 13.What is the difference between the compound interest and the simple interest on ₹6000 at 15% per year for 2 years (in ₹)?
  14. 14.Find the compound interest on ₹7000 at 10% per year for 3 years, compounded every year (in ₹).
  15. 15.Find the compound interest on ₹6700 at 10% per year for 2 years, compounded every year (in ₹).
  16. 16.What is the difference between the compound interest and the simple interest on ₹25000 at 8% per year for 2 years (in ₹)?
  17. 17.Find the compound interest on ₹25400 at 25% per year for 1 year, compounded every year (in ₹).
  18. 18.Find the compound interest on ₹53200 at 20% per year for 2 years, compounded every year (in ₹).
  19. 19.A town has 15000 people. The population grows by 12% every year. What will the population be after 2 years?
  20. 20.What is the difference between the compound interest and the simple interest on ₹2500 at 4% per year for 2 years (in ₹)?
  21. 21.Find the compound interest on ₹8400 at 15% per year for 2 years, compounded every year (in ₹).
  22. 22.Find the compound interest on ₹2500 at 12% per year for 2 years, compounded every year (in ₹).
  23. 23.A town has 47500 people. The population grows by 4% every year. What will the population be after 2 years?
  24. 24.A town has 20600 people. The population grows by 20% every year. What will the population be after 2 years?
  25. 25.What amount will ₹5500 grow to in 1 year at 15% per year compound interest (in ₹)?
  26. 26.What is the difference between the compound interest and the simple interest on ₹2400 at 15% per year for 2 years (in ₹)?
  27. 27.Find the compound interest on ₹9900 at 20% per year for 1 year, compounded every year (in ₹).
  28. 28.What is the difference between the compound interest and the simple interest on ₹18400 at 25% per year for 2 years (in ₹)?
  29. 29.Find the compound interest on ₹34400 at 25% per year for 2 years, compounded every year (in ₹).
  30. 30.A town has 4200 people. The population grows by 20% every year. What will the population be after 1 year?
  31. 31.Find the compound interest on ₹17500 at 12% per year for 2 years, compounded every year (in ₹).
  32. 32.A scooter is worth ₹4000. Its value falls by 25% every year. What will it be worth after 2 years (in ₹)?
  33. 33.Find the compound interest on ₹5100 at 5% per year for 1 year, compounded every year (in ₹).
  34. 34.What is the difference between the compound interest and the simple interest on ₹32500 at 4% per year for 2 years (in ₹)?
  35. 35.A scooter is worth ₹16000. Its value falls by 15% every year. What will it be worth after 3 years (in ₹)?
  36. 36.Find the compound interest on ₹4000 at 15% per year for 2 years, compounded every year (in ₹).
  37. 37.What amount will ₹16000 grow to in 2 years at 10% per year compound interest (in ₹)?
  38. 38.A scooter is worth ₹8000. Its value falls by 5% every year. What will it be worth after 3 years (in ₹)?
  39. 39.Find the compound interest on ₹33600 at 25% per year for 3 years, compounded every year (in ₹).
  40. 40.Find the compound interest on ₹56500 at 12% per year for 1 year, compounded every year (in ₹).

Answer key

  1. 19965
  2. 47916
  3. 20
  4. 6305
  5. 29169
  6. 21875
  7. 70
  8. 10580
  9. 18928
  10. 117
  11. 2040
  12. 7632
  13. 135
  14. 2317
  15. 1407
  16. 160
  17. 6350
  18. 23408
  19. 18816
  20. 4
  21. 2709
  22. 636
  23. 51376
  24. 29664
  25. 6325
  26. 54
  27. 1980
  28. 1150
  29. 19350
  30. 5040
  31. 4452
  32. 2250
  33. 255
  34. 52
  35. 9826
  36. 1290
  37. 19360
  38. 6859
  39. 32025
  40. 6780

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