sorry, no graphs here.
But you can find may examples online.
Plot interest for different annual periods
But you can find may examples online.
Can you just confirm me following points
I mean we just need to assume
Principal=rs100, r=7.5%pa and time 1 year
Then find simple interest= rs 7.5
Then all values except time is same and then we need to plot a graph
The formula to calculate simple interest is:
Interest = (Principal * Rate * Time) / 100
Here, the principal amount is Rs 200 and the interest is Rs 15. Let's assume the rate is fixed at 1% for simplicity.
Using the formula, we can rewrite it as:
15 = (200 * 1 * Time) / 100
Simplifying the equation further:
15 = 2 * Time / 100
1500 = 2 * Time
To solve for Time, divide both sides of the equation by 2:
Time = 1500 / 2
Time = 750 years
Now let's plot the interest for different annual periods. We can start with a minimum annual period of 1 year and gradually increase it:
For 1 year: Rs 15
For 2 years: Rs 30
For 3 years: Rs 45
For 4 years: Rs 60
For 5 years: Rs 75
For 6 years: Rs 90
And so on...
You can continue this pattern for as many years as you want to plot the interest for different annual periods.