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1. |
A man invested a sum of money in Scheme A, at a rate of 15% per annum for simple interest, at the end of 2 years the amount received by him is invested in scheme B at 20% per annum for compound interest. If the interest received by him from scheme B at the end of 2 years is Rs. 2860, then find the sum invested by man in the beginning? |
A. | 5000 |
B. | 6500 |
C. | 3250 |
D. | None of these |
Answer» B. 6500 | |