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'.Solution
ATQ, Interest received from SIP 'E' = 40,000 × (8/100) × 6 = Rs. 19,200 Interest received from SIP 'F' = 19,200 ×(25/100) × 1 = Rs. 4,800
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