Imagine you planted a financial seed with an initial deposit of ₹100 in a savingsaccount.If the annual interest rate is 5%, calculate the balance after:a) 1 yearb) 2 yearsc) 3 yearsQuestion 2: The Growth TreeDraw a tree and label its branches with the years (0, 1, 2, 3). On each branch, show howthemoney grows over time with compound interest. Be creative with your design!Question 3: Real-Life ScenarioResearch a savings account interest rate from a local bank. If you deposit ₹200, howmuch willyou have after 3 years? Create a table to display the growth.Question 4: Compound vs. SimpleCreate a chart comparing compound interest and simple interest. Include advantagesand disadvantages of each.SCIENCE1.To create a chart on sounds produced by different musical instruments.2 Choose any four musical instruments that are not given in the chapter andfind the name of each musical instrument .

a) To calculate the balance after 1 year, we need to apply the annual interest rate of 5% to the initial deposit of ₹100. The formula to calculate compound interest is:

Balance = Initial Deposit * (1 + Interest Rate)^Number of Years

Plugging in the values, we get:

Balance = ₹100 * (1 + 0.05)^1 Balance = ₹100 * 1.05 Balance = ₹105

Therefore, the balance after 1 year would be ₹105.

b) To calculate the balance after 2 years, we use the same formula:

Balance = ₹100 * (1 + 0.05)^2 Balance = ₹100 * 1.1025 Balance = ₹110.25

Therefore, the balance after 2 years would be ₹110.25.

c) To calculate the balance after 3 years, we again use the formula:

Balance = ₹100 * (1 + 0.05)^3 Balance = ₹100 * 1.157625 Balance = ₹115.76

Therefore, the balance after 3 years would be ₹115.76.

Question 2: The Growth Tree Unfortunately, as a text-based assistant, I am unable to draw a tree. However, you can create a tree on a piece of paper or using a drawing software. Label the branches with the years (0, 1, 2, 3) and show how the money grows over time with compound interest. Be creative with your design!

Question 3: Real-Life Scenario To answer this question, you need to research a savings account interest rate from a local bank. Once you have the interest rate, you can calculate the balance after 3 years using the same formula mentioned earlier:

Balance = ₹200 * (1 + Interest Rate)^3

Create a table to display the growth by plugging in different interest rates and calculating the corresponding balances.

Question 4: Compound vs. Simple To create a chart comparing compound interest and simple interest, you can list the advantages and disadvantages of each. For compound interest, the advantages include higher growth potential over time and the ability to earn interest on interest. The disadvantages may include the complexity of calculations and the potential for fluctuating interest rates.

For simple interest, the advantages include simplicity in calculations and a predictable growth pattern. However, the disadvantages include lower growth potential compared to compound interest and the lack of earning interest on interest.

You can create a chart with these points and further elaborate on each advantage and disadvantage.