MBA CDOE (USOL) Panjab University MBA Entrance Exam with MCQ Answers 2016

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31.

Out of Rs. 8000, Gopal invested a certain sum in scheme A and the remaining sum in scheme B for two years. Both the schemes offer compound interest (compounded annually). The rates of scheme A and B are 10% per annum and 20% per annum respectively. If the total amount accrued by him after two years from both the schemes together was Rs. 10600, then what was the amount invested in scheme B ?

A: Rs. 4000
B: Rs. 4800
C: Rs. 5200
D: Rs 3600

The answer is: A