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### Question Asked by a Student from EXXAMM.com Team

** 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**