A sum of Rs 1000 is invested at the rate of 5 % per annum simple interest Represent - Maths - Data Handling

Question

A sum of Rs 1000 is invested at the rate of 5 % per annum simple
interest Represent the relation between interest and time From
graph , find the interest payable after a) 5 years b) 7 years

Diksha Verma · Accepted Answer

Given: Principle amount= 1000rs, Rate= 5% and let Time= T
Then,  Simple Interest=P A
 ×R ×T100So,                     S
I
      =1000×5×T100or,                      S
I
      =50TSo, the relation between interest and time is ⇒ S
I
 = 50T    AnsThen interest payable after 5 years⇒50×5=250rs    AnsAnd  interest payable after 7 years⇒50×7=350rs    AnsRelation between interest and time is shown below,

A sum of Rs 1000 is invested at the rate of 5 % per annum simple interest . Represent the relation between interest and time . From graph , find the interest payable after a) 5 years b) 7 years