Question
A sum of Rs. 15,000 is invested in SIP 'J' which offers
6% p.a. simple interest for 8 years. The interest received from SIP 'J' is invested in SIP 'K' which offers 22% p.a. simple interest for 2 years. Find the interest received from SIP 'K'.Solution
ATQ, Interest received from SIP 'J' = 15,000 × (6/100) × 8 = Rs. 7,200 Interest received from SIP 'K' = 7200 ×(22/100) × 2 = Rs. 3,168
More Simple and compound interest Questions
- Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____
Relevant for Exams:
