Mathematics · Interest
Rs. 'm' is invested in scheme 'A' for 3 years offering 20% simple interest per annum, and Rs. (m - 4000) is invested in scheme 'B' for 2 years offering 25% compound interest compounded annually. If the sum of the interest earned from both schemes is Rs. 9400, find the value of 'm'.
- 19000
- 212000
- 38000
- 410000✓
Correct answer
10000
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