Question

Rs. 5,500 is invested in scheme ‘A’ offering simple interest of 15% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 5% p.a. What is the difference in interests earned from the two schemes after 3 years?

A Rs. 1275
B Rs. 1225
C Rs. 1235
D Rs. 1245
E None of these
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