Question
Quantity I: Akash has ₹12,400. He allocates 40% of this amount to a Systematic Investment Plan (SI
- P that offers a 10% annual simple interest rate. The remaining amount is invested in another SIP with a 5% annual simple interest rate. Determine the total interest Akash will earn after 5 years from both investments. Quantity II: ₹4,852.85 Quantity III: An individual invests ₹1,200 at an annual compound interest rate of 20% for 2 years and ₹6,000 at an annual compound interest rate of 25% for 2 years. Find the total interest earned by the individual from these investments.
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