Question
A man invests a total of Rs 10,000 in two schemes:
- I Scheme A: Simple interest at 10% p.a. for 2 years. I
- I Scheme B: Compound interest at 20% p.a., compounded annually, for 2 years. The interest earned from Scheme B is Rs 560 more than the interest earned from Scheme A. How much money (in rupees) did he invest in Scheme B?
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