Question

Rs. 4960 was partly invested in scheme A at 20% per annum compound interest (compounded annually) for 2 years and partly in scheme B at 20% per annum simple interest for 4 years. Both the schemes earn equal interests. How much was invested in scheme A?

A Rs. 1600
B Rs. 2400
C Rs. 2000
D Rs. 3200
E Rs. 2800
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