Question

6. A bank gives 10.5% simple interest on deposits by senior citizens. Draw a graph to illustratethe relation between the sum deposited and simple interest earned.

Find the following from your graph.

i. The annual interest obtainable by a senior citizen for an investment of 5000.

ii. The investment a senior citizen has to make to get an annual simple interest of 2625.​

Answer 1

Answer

Let us form the following table:

Deposit

Rs.x 100 200 300 400 500 600 700

S.I earned

Rs.y 10 20 30 40 50 60 70

Clearly, y=

10

1

x and the graph is a straight line.

Draw the graph using the points given in the table. From the graph, we see that

(i) The interest for the deposit of Rs.650 is Rs.65

(ii) The amount to be deposited to earn an interest of Rs.45 is Rs.450.

Step-by-step explanation:

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Answer 2

Answer:

refer to the Attachment for the answer