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'.

A Rs.3,888
B Rs.4,900
C Rs.4,800
D Rs.3,168
E none of these
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