Mathematics · Simple Interest
Mr. Jonson invested Rs. 22,000 divided into two different schemes A and B at simple interest rates of 15% and 12.5% per annum respectively. If the total amount of simple interest earned in 2 years is Rs. 6,125, what was the amount invested in scheme A?
- 1Rs. 20,000
- 2Rs. 12,500✓
- 3Rs. 18,750
- 4Rs. 14,500
Correct answer
Rs. 12,500
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