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    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'.
    A Rs.3,888 Correct Answer Incorrect Answer
    B Rs.2,550 Correct Answer Incorrect Answer
    C Rs.1,200 Correct Answer Incorrect Answer
    D Rs.1,250 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    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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