Interest Sajina deposited Rs 20,000 at the rate of \( 8 \% \) p.a. in her saving account. Afters 2 years, she withdrew Rs 5,000 and the total interest of 2 years. How long should she keep the remaining amount to get total interest of Rs 6,800 from the beginnino?

5) \( \$ 16,000 \) is invested at \( 5 \% \) interest compounded monthly. How long will it take for the investment to triple (Round to the nearest whole number.)

Business Finance - Profit, Loss, Cash Flow, and Margins Royce Corp's sales last year were \( \$ 260,000 \), and its net income was \( \$ 23,000 \). What was its profit margin? A \( 7.25 \% \) C \( 8.85 \% \) ( \( 10.97 \% \)

10. A sum amounts to Rs. 22,200 and Rs. 32,200 after 3 years and 7 years respectively, at simple in- terest. What is the principal? \( \begin{array}{lll}\text { 1) Rs. } 12,200 & \text { 2) Rs. } 12,340 & \text { 3) Rs. } 12,450 \\ \text { 4) Rs. } 14,700 & \text { 5) Rs. } 14,250 & \text { ( }\end{array} \)

Which one of the following statements is CORRECT? Dividends paid reduce the net income that is reported on a company's income statement. Accounts receivable are reported as a current liability on the balance sheet. If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.

Which one of the following statements is most correct? A Corporations are allowed to exclude \( 70 \% \) of their interest income from corporate taxes. B Corporations are allowed to exclude \( 70 \% \) of their dividend income from corporate taxes. C Individuals are allowed to exclude \( 70 \% \) of their interest income from their taxes.