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James invested $5000 in scheme \(A\) for 1 year at a simple annual interest rate of 5% and invested another $10000 in

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by Gmat_mission » Sun May 31, 2020 1:24 pm
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James invested $5000 in scheme \(A\) for 1 year at a simple annual interest rate of 5% and invested another $10000 in scheme \(B\) for one year at an annual interest rate of 10% compounded semi-annually. What is the positive difference between the interest earned by James from scheme \(A\) and scheme \(B?\)

A. 250
B. 775
C. 1025
D. 1750
E. 2000

[spoiler]OA=B[/spoiler]

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