Create 3 situations in your day to day life on simple interest, compound interest and discount. Represent the compound interest data in bar graph
Answers
Compound interest , Simple interest & Discount
Step-by-step explanation:
I tool An amount of Rs 1000 at Simple interest from Ram at 12% per annum for 6 months and then kent out the same to Shayam at 12 % Per annum for 6 months , compounded monthly
Interest i Have to pay to Ram = 1000 * 12 * (6/12)/100 = Rs 60
Interest i Earned from Shayam = 1000 ( 1 + 12/1200)⁶ - 1000
= 1000(( 1.01)⁶ - 1)
= 61.5 Rs
Profit = Rs 1.5
I went to buy Mango , Shoppkepper was selling Mango at Rs 80 per kg
i asked him for 5 kg then he offered 5% Discount
Selling Price = 80*5 = Rs 400
Discount = (5/100) * 400 = Rs 20
Amount I paid = 400 -20 = Rs 380
compound interest data in bar graph
Amount = 1000
Rate of interest = 1% monthly
Interest For 1 Year
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