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    Question

    A person invested Rs. 30,000 in two schemes. One scheme

    gives a simple interest of 7% p.a., while the other scheme gives 11% p.a. If the total interest earned from both schemes at the end of 4 years is Rs. 9,600, how much did he invest in the scheme offering 7% interest?
    A 8000 Correct Answer Incorrect Answer
    B 7500 Correct Answer Incorrect Answer
    C 4000 Correct Answer Incorrect Answer
    D 2000 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the amount invested in the scheme offering 7% interest be Rs. x.

    Therefore, the amount invested in the scheme offering 11% interest = Rs. (30000 - x).

    ATQ:

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