Question

What is simple interest on Rs 8000 at 6% p.a for 1 year

Answer 1

Answer:

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Step-by-step explanation:

The formula for the simple interest is given as

SI=P×T×R100

Where P

is the principal amount, T

is the time period and R

is the rate of interest per annum.

After finding the simple interest for all years from 1 to 6 we create a table of ordered pairs containing the number of years as x coordinate and simple interest as y co – ordinate so that we can plot them on a graph of a certain scale.