Question
A sum of Rs. 30,000 is invested in SIP 'C' which offers
12% p.a. simple interest for 3 years. The interest received from SIP 'C' is invested in SIP 'D' which offers 18% p.a. simple interest for 2 years. Find the interest received from SIP 'D'.Solution
ATQ, Interest received from SIP 'C' = 30,000 × (12/100) × 3 = Rs.10,800 Interest received from SIP 'D' = 10,800 ×(18/100) × 2 =Rs.3,888
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