A bank gives 10% simple interest on the deposits. Draw a graph to show the relation between the sum deposited and the simple interest earned.

Asked by Topperlearning User | 4th Jun, 2014, 01:23: PM

Expert Answer:

To draw the graph we assume the deposit sum to be Rs 1000, Rs 2000, Rs 3000 and Rs 4000.

Now we calculate the SI for 1 year for the sum deposit.

Sum deposit

SI

Rs 1000

Rs 2000

Rs 3000

Rs 4000

Plotting the points (1000, 100), (2000, 200), (3000, 300) and (4000, 400), we get the graph as below:

Answered by  | 4th Jun, 2014, 03:23: PM