A man invested a sum of money in Scheme A, at a rate of 15% per annum – McqOptions

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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

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