Mr. Thomas invested Rs. 13,900 in two different plans A and B, each paying a simple interest rate of 14 percent per annum and 11 percent per annum, respectively. What was the amount invested in Scheme B if the total amount of simple interest earned in two years was Rs. 3508?
A. Rs. 6400
B. Rs. 6500
C. Rs. 7200
D. Rs. 7500
Answer:A
Mr. Thomas invested Rs. 13,900 in two different plans A and B, each paying a simple interest rate of 14 percent per annum and 11 percent per annum, respectively. What was the amount invested in Scheme B if the total amount of simple interest earned in two years was Rs. 3508?
A. Rs. 6400 B. Rs. 6500 C. Rs. 7200 D. Rs. 7500