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M: +1.00/-0.00

Dharma invested P for 3 years in scheme A which offered 12% p.a. simple interest. She also invested P + 400 in scheme B which offered 10% compound interest (compounded annually), for 2 years. If the amount received from scheme A was less than that received from scheme B, by Rs.304/, what is the value of P?

 

[SBI PO 9 july 2016]
A
B
C
D
E
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