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Year 12 Maths Standard 1 (2027) Investment

Simple Interest Graphs

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Questions
Question 1
199120

The graph shows the simple interest earned on an investment of \(\$1000\) at \(5\%\) per annum, plotted against the number of years \(n\). Use the graph to find the interest earned after \(4\) years.

\(n\)
\(I\)
 1 2 3 4 5 6 100 200 300
\(\$\) 
200
1 mark

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