Question

Ajay invested Rs.24,000 in Fund 'P' for a duration of 4 years, where it earns simple interest at a rate of 22.5% per annum. The amount obtained from Fund 'P' is subsequently invested in Fund 'Q,' which provides simple interest at a rate of 20% per annum for 2 years. Determine the interest received from Fund 'Q.'

A Rs.25,240
B Rs.22,240
C Rs.18,560
D Rs.18,240
E none of these
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