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      Question

      'X' deposited Rs.24000 at 20% per annum compound

      interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total interest after 3 yrs?
      A Rs.25864 Correct Answer Incorrect Answer
      B Rs.30650 Correct Answer Incorrect Answer
      C Rs.20864 Correct Answer Incorrect Answer
      D Rs.30864 Correct Answer Incorrect Answer
      E none of these Correct Answer Incorrect Answer

      Solution

      ATQ, we can say thatย  Interest earned from SIP 'P' = 24000 ร— {(1.2)3 โ€“ 1} = Rs. 17472 Interest earned from SIP 'Q' = 18600 ร— 0.24 ร— 3 = Rs. 13392 Required interest earned = 17472 + 13392 = Rs.30864

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