Lesson 20 · Simple Interest

Simple Interest

MathematicsSubject

13 minEstimated read

Activity 20.1

What you needSquared paper ruled into four columns, and a pencil. No calculator for the first few rows.

MethodStart with Rs 1000 at 10%. Fill a row for each year from 1 to 10.

Then compareNow do a second table where each year the interest is worked out on the previous amount instead.

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