Ranveer invested same amount in scheme A and B. Both offers same rate of interest but A offers simple interest and B offers compound interest. If after 2 years, Ranveer got Rs. 1000 interest from scheme A and Rs. 1062.5 from scheme B then what is the sum of rate of interest offered by both the schemes?

Ranveer invested same amount in scheme A and B. Both offers same rate

1.	Ranveer invested same amount in scheme A and B. Both offers same rate of interest but A offers simple interest and B offers compound interest. If after 2 years, Ranveer got Rs. 1000 interest from scheme A and Rs. 1062.5 from scheme B then what is the sum of rate of interest offered by both the schemes?
A.	25%
B.	30%
C.	12.5%
D.	20%
E.	None of these
Answer» B. 30%

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