Question

Person 'P' invested ₹4y at a simple interest rate of 35% per annum and ₹3y at a compound interest rate of 20% per annum (compounded annually), both for a duration of 2 years. The simple interest earned exceeds the compound interest by ₹3,700. Determine the total amount invested by 'P'.

A 15,000
B 12,500
C 17,500
D 20,000
E None of these
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