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A sum fetched a total simple interest of 4016.25 at the rate of 9 %.p.a. in 5 years. What is the sum?
4462.50
8032.50
8900
8925
None of these
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8925
12 years ago
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Infosys Other Question
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?
6400
6500
7200
7500
How much time will it take for an amount of 450 to yield 81 as interest at 4.5% per annum of simple interest?
3.5 years
4 years
4.5 years
5 years