Compound Interest Worksheet for Class 8

Download Compound Interest Worksheet for Class 8

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

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




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

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

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

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

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

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

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




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

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

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

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

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.

Compound Interest Worksheet for Class 8 – Correct Answers –

Q.1) b. Rs. 2160
Q.2) c. 68040
Q.3) a. ₹ 126
Q.4) b. ₹ 55692
Q.5) b. ₹ 47754
Q.6) a. ₹ 5769
Q.7) a. 40
Q.8) c. 0
Q.9) b. Rs. 3630
Q.10) a. ₹ 62500
Q.11) c. 3
Q.12) a. 25000
Q.13) a. ₹ 307461
Q.14) a. 15 % p.a.

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