Mathematics

Mathematics

Problem

Vijay invested certain amounts of money in two schemes A and B, which offer interest at the rate of 8% per annum and 9% per annum, respectively. He received ₹ 1,860 as the total annual interest. However, had he interchanged the amounts of investments in the two schemes, he would have received ₹ 20 more as annual interest. How much money did he invest in each scheme?

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