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Question

Aman invested Rs. 'a' and Rs. (a + 2300) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SIP 'P' and 'Q' provide compound interest (compounded annually) at rates of 20% p.a. and 10% p.a., respectively, then determine the value of 'a'.

A Rs.12100

B Rs.10100

C Rs.12000

D Rs.15100

E none of these

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