Mathematics · Interest
A part of Rs. 55,800 was invested in Scheme A for 2 years at 20% per annum compound interest, compounded annually, and the rest of the money was invested in Scheme B at 20% per annum simple interest for 4 ye ars. If both schemes earned equal interest, how much money was invested in Scheme A?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 32,400
- 2Rs. 40,100
- 3Rs. 28,300
- 4Rs. 36,000✓
Correct answer
Rs. 36,000
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