The simple interests earned on the sum of money for 4 years at 7.5% p.a. exceeds that on the same sum for 3.5 years at 8% p.a. by $90.
(a)Find the original sum of money.
(b)If the original sum of money accumulates to $4612.50 in 5 months at simple interest, find the interests rate per annum.
(a)Find the original sum of money.
(b)If the original sum of money accumulates to $4612.50 in 5 months at simple interest, find the interests rate per annum.