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Mr. Thomas invested an amount of ₹13,900 divided into two different schemes A and B at simple interest rates of 14% p.a. and 11% p.a. respectively. If...

Banking RBI Grade B Prelims Easy Number System (including HCF LCM) MCQ

Question

Mr. Thomas invested an amount of ₹13,900 divided into two different schemes A and B at simple interest rates of 14% p.a. and 11% p.a. respectively. If the total simple interest earned in 2 years is ₹3,508, what was the amount invested in Scheme B?

Options

A.

₹6,400

B.

₹7,200

C.

₹6,500

D.

₹7,500

E.

₹7,000

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