Class 8 - Compound Interest Worksheet - 2
The time after which the interest is added each time to form a new principal is called conversion period. Mark True/ False.
a)True b) False
2. In simple interest, the principal is changing for whole loan period? Mark True/ False.
a)True b) False
3. The additional money paid by the borrower to the money lender in lieu of the money used Is called interest. Mark True / False.
a)True b) False
4. The money borrowed is called Amount. Mark True / False.
a)True b) False
5. In compound interest the principal remains constant every conversion period. Mark True / False.
a)True b) False
6. In compound interest, the principal changes for the whole loan period. Mark True / False.
a)True b) False
7. Compound interest is calculated on the amount of the previous year. Mark True / False.
a)True b) False
8. The interest paid by the banks, post offices, insurance companies is simple interest. Mark True / False.
a)True b) False
9. The time from one specified interest period to the next period is called conversion period. Mark True / False.
a)True b) False
10. Simple interest is calculated on the previous year's amount i.e. (A = P + I). Mark True / False.
a)True b) False
11. How long will it take a certain sum of money to 2 times of itself at 101⁄2 % per annum simple interest?
12. At a certain rate of simple interest Rs. 2050 amounts to Rs. 2399 in 2 years. At the same rate of simple interest, how much would Rs. 40,000 amount to in 3 years?
13. What sum of money invested at 4% per annum simple interest for 2 years produces twice as much interest as Rs. 6200 in 3 years at 6% per annum simple interest?
14. Calculate the compound interest on Rs. 10,000 at 7% per annum for two years.
15. Mr. William borrowed Rs. 18000 from Mr. Joseph at 6% per annum simple interest for 2 years. If Mr. William had borrowed this sum at 6% per annum compound interest, what extra amount would he has to pay?
16. At what rate percent will Rs. 40,000 amount to Rs. 48,400 in 2 years at compound interest?
17. Shimran invested Rs. 50000 in a company, she would be paid interest at 8% per annum compounded annually. Find the amount received by him at the end of 2 years and the interest for the 3rd year.
18. What sum of money will amount to Rs. 3570 in 2 years at 2% per annum compound interest?
19. At what rate percent will Rs. 121,000 amount to Rs. 144,00 in 2 years at compound interest?
20. In what time will Rs. 9,261 amount to Rs. 8,000 at 5% per annum compound interest?
If you want to download the above worksheet, please click below link.
Compound Interest Worksheet-2Download the pdf
Class-8 Compound Interest Worksheets
Compound Interest Worksheet - 1
Compound Interest Worksheet - 2
Answer Sheet
Compound-Interest-AnswerDownload the pdf
Copyright © 2023 LetsPlayMaths.com. All Rights Reserved.
Email: feedback@letsplaymaths.com