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John invested a total of $8,000 in two different schemes L and M at the simple interest rate of \(2\frac{1}{2}\)% p.a. and \(3\frac{1}{2}\)% p.a. respectively. He kept the money in scheme L for 4 years and in scheme M for 3 years, 4 months. If the total simple interest he earned is $875, what was the amount invested in Scheme L? Click on the correct answer.
- $2,500
- $3,000
- $4,500
- $3,500
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