Question

A man invests a sum of money in two schemes: Scheme A offers 12% simple interest per annum, and Scheme B offers 15% compound interest per annum. He invests ₹50,000 in Scheme A for 3 years and ₹40,000 in Scheme B for 2 years. What is the total amount he receives after 3 years from both schemes?

A ₹97,000
B ₹99,000
C ₹1,20,900
D ₹1,06,500
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