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Annie invested a total sum of Rs10,000 i...

Annie invested a total sum of Rs10,000 in scheme A (at `10%` pa compound interest, compounded annually) and in scheme B (at `15%` pa simple interest). At the end of 2 years, the interest received from scheme B is Rs960 more than that from scheme A. How much did Annie invest in scheme A ? (in Rs)

A

5000

B

4500

C

4800

D

4000

Text Solution

Verified by Experts

The correct Answer is:
D
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