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    Question

    A sum of Rs. 40,000 is invested in SIP 'E' which offers

    8% p.a. simple interest for 6 years. The interest received from SIP 'E' is invested in SIP 'F' which offers 25% p.a. simple interest for 1 year. Find the interest received from SIP 'F'.
    A Rs.3,888 Correct Answer Incorrect Answer
    B Rs.2,550 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 'E' = 40,000 × (8/100) × 6 = Rs. 19,200 Interest received from SIP 'F' = 19,200 ×(25/100) × 1 = Rs. 4,800

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