Question
M invested Rs. 27,000 in two Mutual Funds, 'Axis Funds' and 'ICICI Funds,' for 5 years and 2 years, respectively. 'Axis Funds' provide simple interest at 20% per annum, while 'ICICI Funds' offer compound interest compounded annually at 30% per annum. Determine the amount invested in 'ICICI Funds' if the interest earned from 'Axis Funds' exceeds that from 'ICICI Funds' by Rs. 1,650.
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