Mathematics for FinanceMTP Jun 23Question 1378 of 422
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A trust fund has invested $27000$ money in two schemes 'A' and 'B' offering compound interest at the rate of $8\%$ and $9\%$ per annum respectively. If the total amount of interest accrued through these two schemes together in two years was $4818.30$. What was the amount invested in schemes 'A'?

Options

A$12,000$
B$12,500$
C$13,000$
D$12,500$
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Correct Answer

Option a$12,000$

All Options:

  • A$12,000$
  • B$12,500$
  • C$13,000$
  • D$12,500$

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