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(Principal and Simple Interest)A bank g...

(Principal and Simple Interest)A bank gives 10% Simple Interest (S.I.) on deposits by senior citizens. Draw a graph to illustrate the relation between the sum deposited and simple interest earned. Find from your graph(a)  the annual interest obtainable for an investment of Rs 250.(b)  the investment one has to make to get an annual simple interest of Rs 70.

Text Solution

Verified by Experts

Putting the points on graph
a) for 250Rs interest = 25Rs
b) for 70Rs interest sum=700Rs.
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