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A man invested ₹8000 in each of schemes A & B. Scheme A offers CI at a specific rate for a specific period. Find total interest earned.

1. 4520
2. 4620
3. 4720
4. 4820

Correct answer: 4720

Solution

Using the given rates and time periods for schemes A and B (₹8000 each), total interest from both schemes = ₹4720.

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