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Sam borrowed some money from his friend at simple interest of 6% per annum. He returned his friend $15600. After how much time did Sam return the money if he borrowed $12000?CorrectIncorrect
Mr. Thomas invested an amount of $13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be 3508, what was the amount invested in Scheme B?CorrectIncorrect
A sum of money at simple interest amounts to $815 in 3 years and to $854 in 4 years. The sum isCorrectIncorrect
The compound interest on $ 5000 at 8 % per annum for 2 years, compounded annually, isCorrectIncorrect
What rate percent per annum will a sum of money double in 8 years?CorrectIncorrect