Question

Soham invested Rs. 32,000 partly in schemes ‘I’ and ‘J’ for 4 years and 6 years, respectively. Scheme ‘I’ offers simple interest at 18% per annum, while scheme ‘J’ gives compound interest (compounded annually) at 22% per annum. Find the investment in scheme ‘J’ if the interest from ‘I’ is Rs. 2,880 more than that from ‘J’.

A Rs.18,000
B Rs.15,000
C Rs.25,000
D Rs.20,000
E none of these
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