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An equal amount of sum is invested in two schemes for four years each, both offering simple interest. When invested in scheme A at 8% per annum the sum amounts to Rs.5280. In scheme B, invested at 12% per annum it amounts to Rs.5920. What is the total sum invested?
5000
9000
7000
8000
Sum = x x + [(x*4*8)/100] = 5280 33x = (5280*25) = 4000 Total sum = 2 * 4000 = 8000
By: Pranav Gupta ProfileResourcesReport error
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