A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the principal (in Rs.) of each scheme?

A same principal is invested in schemes of compound interest and simpl

1.	A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the principal (in Rs.) of each scheme?
A.	5000
B.	6000
C.	3000
D.	2500
Answer» D. 2500

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A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the principal (in Rs.) of each scheme?

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