Question

A sum of Rs. 40,000 is invested in SIP 'E' which offers 8% p.a. simple interest for 6 years. The interest received from SIP 'E' is invested in SIP 'F' which offers 25% p.a. simple interest for 1 year. Find the interest received from SIP 'F'.

A Rs.3,888
B Rs.2,550
C Rs.4,800
D Rs.1,250
E none of these
Practice Next

Relevant for Exams:

Hey! Ask a query