Question

(c) Reena deposited Rs 12000 in a bank at the rate of 10% per annum. Draw a linear
graph showing the relationship between the time and simple interest. Also, find the
simple interest for 4 years.​

Answer 1

Answer:

SOLUTION

Reena deposited money in bank = Rs. 12000

                                 Rate of intrest = 10%

       Interest after one year = (12000 × 10 × 1)/ 100

                                       = 1200.

 

Time

1

2

3

4

Simple Interest

1200

2400

3600

4800

 Graph between time and Simple interest is given below:



From graph we see that simple interest after 4 years is

Rs. 4800.

Step-by-step explanation:

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