Question
A man invests a total of ₹50,000 in two schemes A and
A man invests a total of ₹50,000 in two schemes A and
B. Scheme A offers simple interest at 12% p.a. for 3 years. Scheme B offers compound interest at 10% p.a., compounded annually, for 2 years. The interest earned from scheme B exceeds the interest earned from scheme A by ₹1,380. How much money did he invest in scheme B?
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