Question
A person 'P' invested a total amount of Rs. 1800 in two SIPs, A and B, maintaining a ratio of 3:2. SIP A provides simple interest at a rate of 10% per annum, while SIP B also follows a simple interest scheme but with an unknown rate. If the total interest earned from both SIPs after 2 years amounts to Rs. 288, determine the rate of interest for SIP
A person 'P' invested a total amount of Rs. 1800 in two SIPs, A and B, maintaining a ratio of 3:2. SIP A provides simple interest at a rate of 10% per annum, while SIP B also follows a simple interest scheme but with an unknown rate. If the total interest earned from both SIPs after 2 years amounts to Rs. 288, determine the rate of interest for SIP
B.
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