Question

    A sum of Rs. 50,000 is invested in SIP 'A' which offers 10% p.a. simple interest for 5 years. The interest received from SIP 'A' is invested in SIP 'B' which offers 15% p.a. simple interest for 3 years. Find the interest received from SIP 'B'.

    A Rs.10,150 Correct Answer Incorrect Answer
    B Rs.12,550 Correct Answer Incorrect Answer
    C Rs.11,200 Correct Answer Incorrect Answer
    D Rs.11,250 Correct Answer Incorrect Answer

    Solution

    ATQ, Interest received from SIP 'A' = 50,000 × (10/100) × 5 = Rs.25,000 Interest received from SIP 'B' = 25000 ×(15/100) × 3 =Rs.11,250

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