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'.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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