1. If Yvonne lends $4500 to Golda at 10% p.a. and Golda lends the same sum to Tida at 11.5% p.a., then the gain of Golda in a period of 4 years is?

2 Mr. Nkalle invested an amount of $20,900 divided in two different schemes A and B at the simple interest rate of 9% p.a. and 8% p.a. respectively. If the total amount of simple interest earned in 2 years is 3508, what was the amount invested in Scheme B?

Answer rating: 100% (QA)

1 Golda gains the difference in interest rate 11510... View the full answer