Question

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Tupil! Everyday Maths
II
Il
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Subject: Maths
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Q1.
11
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A man invests a sum of money at simple interest. Each year he receives $128 interest
on the amount invested. When the rate of interest rises by 0.75%, the annual interest
is raised to $140. Calculate the sum of money invested and the new percentage rate of
interest.
[5]​

Answer 1

Answer:

A man invests a sum of money at simple interest. Each year he receives $128 interest

on the amount invested. When the rate of interest rises by 0.75%, the annual interest

is raised to $140. Calculate the sum of money invested and the new percentage rate of

interest.