Question

What will be the simple interest on rs 5000 at the rate of 5% p.a. for: (1)2years (2) 3years (3)4 years (4) 5 years prepare a table for the above number of years and corresponding simple interest and plot the points. Do all the points lie in a straight line? Using the graph, find (a) the simple interest on the same amount in 3.5years.(b)in what time, will the simple interest be rs 1500?

Answer 1

2years simple interest=500
3years simple interest=750
4years simple interest=1000
5years simple interest=1250
the simple interest of same amount in 3.5years=875