Question

    A sum of Rs. 25,000 is invested in SIP 'G' which offers

    7% p.a. simple interest for 7 years. The interest received from SIP 'G' is invested in SIP 'H' which offers 10% p.a. simple interest for 4 years. Find the interest received from SIP 'H'.
    A Rs.3,888 Correct Answer Incorrect Answer
    B Rs.4,900 Correct Answer Incorrect Answer
    C Rs.4,800 Correct Answer Incorrect Answer
    D Rs.1,250 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Interest received from SIP 'G' = 25,000 × (7/100) × 7 = Rs. 12,250 Interest received from SIP 'H' = 12,250 ×(10/100) × 4 = Rs. 4,900

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