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  1. Chapter 15 Class 8 Introduction to Graphs
  2. Serial order wise

Transcript

Example 7 (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. Given, Rate of Simple Interest = R = 10% The formula for simple interest is Simple Interest = (๐‘ƒ ร— ๐‘… ร— ๐‘‡)/100 Here, P = Money deposited / Principal R = Rate of Interest T = Number of years We need to make a graph of sum deposited and simple interest earned So, finding different values of Interest for different Values of P Here, we take Time = 1 year Example 7 (a) the annual interest obtainable for an investment of Rs.250. So, the annual interest obtained on Rs. 250 is Rs 25 Example 7 (b) the investment one has to make to get an annual simple interest of Rs.70 So, investment made to get interest of Rs. 70 is Rs 700

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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.