Question
An amount of Rs. x is invested in SIP ‘A’ under compound interest at a rate of 16% per annum, compounded annually, for 2 years. Another amount, Rs. (2x−5000), is invested in SIP ‘B’ under simple interest at a rate of 48% per annum for 5 years. The total interest earned from both SIP ‘A’ and SIP ‘B’ is Rs. 65,184. Determine the total amount invested in both SIP ‘A’ and SIP ‘B’.
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