Mathematics · Simple Interest
Mr. Jonathan invested Rs. 18,500 divided into two different schemes A and B at simple interest rates of 15% and 12.5% respectively. If the total simple interest earned in 2 years is Rs. 5,225, what was the amount invested in scheme A?
- 1Rs. 13,000
- 2Rs. 11,000
- 3Rs. 12,000✓
- 4Rs. 14,000
Correct answer
Rs. 12,000
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