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Class 8 Maths Worksheet: Compound Interest

Maths worksheets lesson 63: Compound interest · Set 943 · 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 ₹25000 grow to in 2 years at 12% per year compound interest (in ₹)?
  2. 2.Find the compound interest on ₹17500 at 25% per year for 1 year, compounded every year (in ₹).
  3. 3.Find the compound interest on ₹30400 at 5% per year for 2 years, compounded every year (in ₹).
  4. 4.A scooter is worth ₹7000. Its value falls by 20% every year. What will it be worth after 3 years (in ₹)?
  5. 5.Find the compound interest on ₹32800 at 5% per year for 1 year, compounded every year (in ₹).
  6. 6.What amount will ₹36700 grow to in 1 year at 25% per year compound interest (in ₹)?
  7. 7.What amount will ₹33400 grow to in 2 years at 10% per year compound interest (in ₹)?
  8. 8.A scooter is worth ₹20600. Its value falls by 12% every year. What will it be worth after 1 year (in ₹)?
  9. 9.A scooter is worth ₹17500. Its value falls by 8% every year. What will it be worth after 2 years (in ₹)?
  10. 10.What amount will ₹58900 grow to in 2 years at 10% per year compound interest (in ₹)?
  11. 11.What is the difference between the compound interest and the simple interest on ₹20800 at 5% per year for 2 years (in ₹)?
  12. 12.What is the difference between the compound interest and the simple interest on ₹45200 at 25% per year for 2 years (in ₹)?
  13. 13.Find the compound interest on ₹13200 at 15% per year for 2 years, compounded every year (in ₹).
  14. 14.A scooter is worth ₹33900. Its value falls by 5% every year. What will it be worth after 1 year (in ₹)?
  15. 15.What is the difference between the compound interest and the simple interest on ₹58200 at 20% per year for 2 years (in ₹)?
  16. 16.What is the difference between the compound interest and the simple interest on ₹10400 at 25% per year for 2 years (in ₹)?
  17. 17.What is the difference between the compound interest and the simple interest on ₹42500 at 8% per year for 2 years (in ₹)?
  18. 18.What is the difference between the compound interest and the simple interest on ₹42500 at 12% per year for 2 years (in ₹)?
  19. 19.What is the difference between the compound interest and the simple interest on ₹5000 at 8% per year for 2 years (in ₹)?
  20. 20.Find the compound interest on ₹25500 at 20% per year for 1 year, compounded every year (in ₹).
  21. 21.A town has 59400 people. The population grows by 10% every year. What will the population be after 1 year?
  22. 22.A town has 7100 people. The population grows by 8% every year. What will the population be after 1 year?
  23. 23.What is the difference between the compound interest and the simple interest on ₹7500 at 8% per year for 2 years (in ₹)?
  24. 24.Find the compound interest on ₹39000 at 25% per year for 1 year, compounded every year (in ₹).
  25. 25.A town has 4000 people. The population grows by 5% every year. What will the population be after 2 years?
  26. 26.Find the compound interest on ₹34100 at 25% per year for 1 year, compounded every year (in ₹).
  27. 27.What amount will ₹11600 grow to in 2 years at 25% per year compound interest (in ₹)?
  28. 28.What is the difference between the compound interest and the simple interest on ₹11100 at 20% per year for 2 years (in ₹)?
  29. 29.What amount will ₹54300 grow to in 1 year at 15% per year compound interest (in ₹)?
  30. 30.What amount will ₹42700 grow to in 1 year at 10% per year compound interest (in ₹)?
  31. 31.Find the compound interest on ₹58200 at 5% per year for 1 year, compounded every year (in ₹).
  32. 32.Find the compound interest on ₹55300 at 10% per year for 1 year, compounded every year (in ₹).
  33. 33.A scooter is worth ₹16500. Its value falls by 25% every year. What will it be worth after 1 year (in ₹)?
  34. 34.What is the difference between the compound interest and the simple interest on ₹2500 at 12% per year for 2 years (in ₹)?
  35. 35.What is the difference between the compound interest and the simple interest on ₹34800 at 25% per year for 2 years (in ₹)?
  36. 36.What is the difference between the compound interest and the simple interest on ₹34700 at 20% per year for 2 years (in ₹)?
  37. 37.A scooter is worth ₹18800. Its value falls by 25% every year. What will it be worth after 2 years (in ₹)?
  38. 38.What amount will ₹22800 grow to in 1 year at 4% per year compound interest (in ₹)?
  39. 39.What amount will ₹41700 grow to in 1 year at 5% per year compound interest (in ₹)?
  40. 40.What is the difference between the compound interest and the simple interest on ₹12500 at 8% per year for 2 years (in ₹)?

Answer key

  1. 31360
  2. 4375
  3. 3116
  4. 3584
  5. 1640
  6. 45875
  7. 40414
  8. 18128
  9. 14812
  10. 71269
  11. 52
  12. 2825
  13. 4257
  14. 32205
  15. 2328
  16. 650
  17. 272
  18. 612
  19. 32
  20. 5100
  21. 65340
  22. 7668
  23. 48
  24. 9750
  25. 4410
  26. 8525
  27. 18125
  28. 444
  29. 62445
  30. 46970
  31. 2910
  32. 5530
  33. 12375
  34. 36
  35. 2175
  36. 1388
  37. 10575
  38. 23712
  39. 43785
  40. 80

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