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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 861 · 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 ₹25000 grow to in 2 years at 8% per year compound interest (in ₹)?
  2. 2.Find the compound interest on ₹13400 at 20% per year for 2 years, compounded every year (in ₹).
  3. 3.A town has 24000 people. The population grows by 15% every year. What will the population be after 3 years?
  4. 4.A town has 10000 people. The population grows by 20% every year. What will the population be after 3 years?
  5. 5.What is the difference between the compound interest and the simple interest on ₹57500 at 8% per year for 2 years (in ₹)?
  6. 6.A town has 30300 people. The population grows by 15% every year. What will the population be after 1 year?
  7. 7.Find the compound interest on ₹47400 at 20% per year for 2 years, compounded every year (in ₹).
  8. 8.Find the compound interest on ₹49100 at 5% per year for 1 year, compounded every year (in ₹).
  9. 9.What amount will ₹36800 grow to in 3 years at 25% per year compound interest (in ₹)?
  10. 10.Find the compound interest on ₹3700 at 20% per year for 2 years, compounded every year (in ₹).
  11. 11.A town has 55000 people. The population grows by 12% every year. What will the population be after 2 years?
  12. 12.Find the compound interest on ₹23500 at 5% per year for 1 year, compounded every year (in ₹).
  13. 13.Find the compound interest on ₹5000 at 20% per year for 3 years, compounded every year (in ₹).
  14. 14.What is the difference between the compound interest and the simple interest on ₹13000 at 20% per year for 2 years (in ₹)?
  15. 15.Find the compound interest on ₹13800 at 5% per year for 1 year, compounded every year (in ₹).
  16. 16.What amount will ₹15000 grow to in 2 years at 4% per year compound interest (in ₹)?
  17. 17.What is the difference between the compound interest and the simple interest on ₹37500 at 4% per year for 2 years (in ₹)?
  18. 18.What amount will ₹30800 grow to in 2 years at 5% per year compound interest (in ₹)?
  19. 19.A town has 54000 people. The population grows by 10% every year. What will the population be after 3 years?
  20. 20.What is the difference between the compound interest and the simple interest on ₹25000 at 4% per year for 2 years (in ₹)?
  21. 21.Find the compound interest on ₹20000 at 8% per year for 2 years, compounded every year (in ₹).
  22. 22.What amount will ₹43600 grow to in 1 year at 4% per year compound interest (in ₹)?
  23. 23.Find the compound interest on ₹55400 at 12% per year for 1 year, compounded every year (in ₹).
  24. 24.Find the compound interest on ₹39000 at 10% per year for 1 year, compounded every year (in ₹).
  25. 25.Find the compound interest on ₹60000 at 10% per year for 1 year, compounded every year (in ₹).
  26. 26.What amount will ₹47100 grow to in 1 year at 20% per year compound interest (in ₹)?
  27. 27.What is the difference between the compound interest and the simple interest on ₹57200 at 25% per year for 2 years (in ₹)?
  28. 28.Find the compound interest on ₹46900 at 10% per year for 1 year, compounded every year (in ₹).
  29. 29.What is the difference between the compound interest and the simple interest on ₹17500 at 4% per year for 2 years (in ₹)?
  30. 30.A scooter is worth ₹25800. Its value falls by 12% every year. What will it be worth after 1 year (in ₹)?
  31. 31.Find the compound interest on ₹25000 at 4% per year for 2 years, compounded every year (in ₹).
  32. 32.Find the compound interest on ₹44800 at 5% per year for 2 years, compounded every year (in ₹).
  33. 33.What amount will ₹41200 grow to in 2 years at 5% per year compound interest (in ₹)?
  34. 34.What amount will ₹40300 grow to in 1 year at 25% per year compound interest (in ₹)?
  35. 35.What amount will ₹16400 grow to in 2 years at 25% per year compound interest (in ₹)?
  36. 36.What is the difference between the compound interest and the simple interest on ₹3200 at 5% per year for 2 years (in ₹)?
  37. 37.What is the difference between the compound interest and the simple interest on ₹41700 at 10% per year for 2 years (in ₹)?
  38. 38.What amount will ₹8000 grow to in 2 years at 5% per year compound interest (in ₹)?
  39. 39.Find the compound interest on ₹8800 at 12% per year for 1 year, compounded every year (in ₹).
  40. 40.What is the difference between the compound interest and the simple interest on ₹30800 at 5% per year for 2 years (in ₹)?

Answer key

  1. 29160
  2. 5896
  3. 36501
  4. 17280
  5. 368
  6. 34845
  7. 20856
  8. 2455
  9. 71875
  10. 1628
  11. 68992
  12. 1175
  13. 3640
  14. 520
  15. 690
  16. 16224
  17. 60
  18. 33957
  19. 71874
  20. 40
  21. 3328
  22. 45344
  23. 6648
  24. 3900
  25. 6000
  26. 56520
  27. 3575
  28. 4690
  29. 28
  30. 22704
  31. 2040
  32. 4592
  33. 45423
  34. 50375
  35. 25625
  36. 8
  37. 417
  38. 8820
  39. 1056
  40. 77

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