Mathematics · Simple Interest

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

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

₹6,400

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