Srinivasan invests two equal amounts in two banks giving 8% and 12% ra – McqOptions

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1.	Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of the year, the interest earned Rs. 1500. Find the sum invested in each.
A.	Rs. 8500
B.	Rs. 15000
C.	Rs. 7500
D.	Rs. 17,000
Answer» D. Rs. 17,000

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