Arunavo invested total sum of~ 16000 in two schemes (A and B) for two years. Scheme A offers compound interest (compou

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Q 1614080859.     Arunavo invested total sum of~ 16000 in two schemes (A and
B) for two years. Scheme A offers compound interest
(compounded annually) at the rate of 10% per annum and
scheme B offers simple interest at the rate of 12% per annum.
If the total interest earned by him from both the schemes after
two years is ₹3504. How much money (principal) did he invest
in scheme B ?
IBPS-CLERK 2014 20/12/2014
A

₹4800

B

₹4200

C

₹4600

D

₹4400

E

₹5200

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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