Question

Ashok deposited rs. $10,000$ in a bank at the rate of $8\%$ per annum. Draw a linear graph to show the simple interest-time relationship. Also, find the simple interest for $5$ years.

Answer 1

As Ashok deposited $10,000$ at rate $8$ per annum

$SI=\frac{p\times r\times T}{100}$

$SI=\frac{10000\times 8\times 1}{100}$

$SI=800$

When Time is $0$ then $SI=0$

When Time is $1year$ then $SI=800$

Equation

$y=\frac{800}{1}x$

$y=800x$

Where y represents SI and x represents Time

SI fro 5years

$y=800\times 5$

$y=4000$

$SI=4000rs.$