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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Gmat_mission: Legendary Member; Posts: 1622; Joined: Thu Mar 01, 2018 7:22 am; Followed by:2 members

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

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]

Source: e-GMAT