Question

'X' invested Rs. 18,000, splitting the amount between two SIPs: 'P' offering 8% per annum simple interest and 'Q' offering 10% per annum compound interest, compounded annually. Determine the amount invested in SIP 'Q' if 'X' earned a total interest of Rs. 4,775 after three years.

A Rs.18,000
B Rs.22,000
C Rs.15,000
D Rs.5,000
E none of these
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