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1. Mr. Thomas invested an amount of $13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and
1. Mr. Thomas invested an amount of $13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be $3508, what was the amount invested in Scheme B
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Introduction To Management Accounting
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Dave Burgstahler, Jeff O. Schatzberg
16th Global Edition
0273790013, 978-0273790013
