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A man invested the same amount in two different schemes, i.e., A and B. He invested in schemes A and B at 8.5% p.a. and 8% p.a., respectively, for fou
Question



A man invested the same amount in two different schemes, i.e., A and B. He invested in schemes A and B at 8.5% p.a. and 8% p.a., respectively, for four years. If the difference between the simple interest received from schemes A and B is Rs 40, then find the amount he invested in each scheme.

A.

2000

B.

2500

C.

2400

D.

2800

E.

3000

Correct option is A

Let the amount invested in each scheme be Rs P
ATQ,

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