A. Shima invested for 3¼ years at 5% per annum and the simple amount is $ 1232.25. b. Harry obtained $ 8250 after invested for 16 weeks at 16% per annum

c. Raju obtained $ 5,299.44 for his investment between 12 June and 25 December at

11% per annum (use Banker’s rule)

d. The simple amount gained by Lee is $ 4,243.84. He invested at 7.2% per annum for

5.5 years.

e. Cassey invested for 19 months at 10% per annum and the simple amount is $ 31,275.
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