A bank gives 10 % simple interest on deposits by senior citizens. Draw a graph to illustrate the relation between the sum deposited and simple interest earned. Find from your graph.....
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Answer:To draw the graph we assume the deposit sum to be Rs 1000, Rs 2000, Rs 3000 and Rs 4000.
Now we calculate the SI for 1 year for the sum deposit.
Sum deposit
SI
Rs 1000
Rs 2000
Rs 3000
Rs 4000
Plotting the points (1000, 100), (2000, 200), (3000, 300) and (4000, 400), we get the graph as below:
Step-by-step explanation:
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