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If-a sum is invested in scheme B at C.I,...

If-a sum is invested in scheme B at C.I, then amount obtained after 2 year from this scheme is 1.44 times the sum invested. Rate of simple interest for scheme A is half of the rate of compound interest for scheme B. Find out the interest earned when 8000 was invested in each scheme mentioned above for 2 years.

A

A)5120

B

B)5000

C

C)4800

D

D)Can't be determined

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The correct Answer is:
A
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