Question

Rs. 7500 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 16% 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 30%
B 35%
C 36%
D 38%
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