Question

Amit invested Rs. (x + 150) in Scheme A at a simple interest rate of 15% p.a. for 4 years, and the interest received is Rs. 900. He then invested Rs. 5x in Scheme B at R% p.a. simple interest, and the total amount received from Scheme B after 2 years is Rs. 8910. Find the value of R.

A 36%
B 16%
C 42%
D 24%
E None of these
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