NZ Level 6 (NZC) Level 1 (NCEA)

Graphs of Simple Interest

$\$6000$$6000 is deposited into an account, and earns simple interest at a rate of $6%$6% p.a. for $10$10 years.

a

Complete the table of values below, calculating the interest $I$`I` earned after $n$`n` years.

$n$n (years) |
$1$1 | $2$2 | $3$3 | $4$4 | $5$5 | $10$10 |

$I$I (dollars) |
$\$360$$360 | $\$720$$720 | $\$$$$\editable{}$ | $\$$$$\editable{}$ | $\$$$$\editable{}$ | $\$$$$\editable{}$ |

b

Now draw a graph of the interest earned over time.

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Easy

Approx 3 minutes

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