Compound Interest Worksheet for Class 8

Compound Interest Worksheet for Class 8 contains 14 MCQ questions. Answers to Compound Interest Worksheet for Class 8 are available after clicking on the answer. Maths Worksheets for Class 8 help to check the concept you have learnt from detailed classroom sessions and application of your knowledge.

Category Maths Worksheets for Class 8
Subject Maths
Chapter Compound Interest

Q.1) An amount of Rs. 1250 is compounded annually at the rate of 20 % p.a. The amount to be paid after 3 years would be ?
a) Rs. 1960
b) Rs. 2160
c) Rs. 2410

Answer

Answer: b. Rs. 2160


 

Q.2) Find amount , if a sum of ₹ 60000 is compounded annually for 2 years The rates of interest for 2 years are : First Year = 5 % p.a. Second Year = 8 % p.a.
a) 68240
b) 68140
c) 68040

Answer

Answer: c. 68040


 




Q.3) The Compound interest on ₹ 600 at 10 % p.a. for 2 years would be ?
a) ₹ 126
b) ₹ 136
c) ₹ 142

Answer

Answer: a. ₹ 126


 

Q.4) The Compound interest on ₹ 120000 at 20 % p.a. for 2 years is ?
a) ₹ 55792
b) ₹ 55692
c) ₹ 55642

Answer

Answer: b. ₹ 55692


 

Q.5) The Compound interest on ₹ 250000 at 6 % p.a. for 3 years would be ?
a) ₹ 48004
b) ₹ 47754
c) ₹ 48054

Answer

Answer: b. ₹ 47754


 

Q.6) The difference between Simple Interest and Compound Interest on ₹ 90000 for 1 year at the rate of 40 % p.a. computed quarterly is ?
a) ₹ 5769
b) ₹ 5771
c) ₹ 5772

Answer

Answer: a. ₹ 5769


 

Q.7) The difference between Simple Interest and Compound Interest on Rs. 16000 for 1 year at the rate of 10 % p.a. computed half-yearly is ?
a) 40
b) 42
c) 43

Answer

Answer: a. 40


 

Q.8) The difference between Simple Interest and Compound Interest on Rs. 6600 for 1 year at the rate of 24 % p.a. compounded anually would be ?
a) 20
b) 50
c) 0

Answer

Answer: c. 0


 

Q.9) An amount of Rs. 3000 is compounded annually at the rate of 10 % p.a. The amount to be paid after 2 years would be ?
a) Rs. 3480
b) Rs. 3630
c) Rs. 3856

Answer

Answer: b. Rs. 3630


 




Q.10) A certain sum of money amounts to ₹ 72900 in 2 years at 8 % p.a. compounded annually . Find the sum ?
a) ₹ 62500
b) ₹ 62600
c) ₹ 62700

Answer

Answer: a. ₹ 62500


 

Q.11) In what time will Rs. 8000 amount to Rs. 9261 at 5 % p.a. when compounded annually ?
a) 1
b) 2
c) 3

Answer

Answer: c. 3


 

Q.12) The Population of a town is 28090 in the year 2012 It increased at the rate of 6 % p.a. Find the Population in 2010 ?
a) 25000
b) 26000
c) 24500

Answer

Answer: a. 25000


 

Q.13) An amount of ₹ 210000 is compounded half yearly at the rate of 20 % p.a. The amount to be paid after 2 years would be ?
a) ₹ 307461
b) ₹ 307561
c) ₹ 307411

Answer

Answer: a. ₹ 307461


 

Q.14) At what rate per cent p.a. will a sum Rs. 4000 amount to Rs. 5290 in 2 years when compounded annually ?
a) 15 % p.a.
b) 17 % p.a.
c) 13 % p.a.

Answer

Answer: a. 15 % p.a.


Maths Worksheets for Class 8

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