Question

Rs. 6000 is invested in scheme ‘A’ for 3 years and Rs. 6000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 13% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.

A 10.5%
B 18.5%
C 16.5%
D 19.5%
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