Poona invests ₹4200 in Scheme A, which offers `12%` pa simple interest. She also invests ₹(4200 - P) in scheme B offering `10%` pa compound interest, (compounded annually). The difference between the interests Poona earned from both the schemes at the end of 2 years is ₹294. What is the value of P?

Options

A. 1500
B. 800
C. 600
D. 1000

Answer

B