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Direction : Read the following data and table to answer the following questions.
There are five friends Mr. A, Mr. B, Mr. C, Mr. D and Mr. E. There are three investment schemes in which these five friends can invest their money. The details of these schemes are given below. (i) Amount cannot be withdrawn before maturity period. (ii) No reinvestment after maturity period is allowed in any scheme. (iii) Total Amount(including interest) is payable at the end of the maturity period.
Mr. D invests Rs 3 lakh in Scheme C and some amount in Scheme A. He receives a total interest of Rs 4,65,000 from both these scheme together. What amount did he invest in Scheme C?
Rs 7,50,000
Rs 7,00,000
Rs 6,50,000
Rs 6,75,000
None of these
Total interest = Rs 4,65,000 Interest from scheme C = 3Lac*5*5/100 = Rs 75,000 Remaining interest is from scheme A = Rs 4,65,000 – Rs 75,000 = Rs 3,90,000 Find P.
Hence, option 3 is the correct answer.
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