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Q:

A man invested a sum of money in Scheme A, at a rate of 15% per annum for simple interest, at the end of 2 years the amount received by him is invested in scheme B at 20% per annum for compound interest. If the interest received by him from scheme B at the end of 2 years is Rs. 2860, then find the sum invested by man in the beginning?

  • 1
    5000
  • 2
    6500
  • 3
    3250
  • 4
    None of these
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Answer : 1. "5000 "

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