Question
An individual, "Y," invests Rs. 24,000 in each of two SIPs: "A" and "B." SIP "A" provides compound interest at an annual rate of "r%" for 2 years, compounded annually, while SIP "B" offers simple interest at the same annual rate of "r%" for 2 years. If the difference between the interest earned from SIP "A" and SIP "B" amounts to Rs. 777.6, determine the interest earned from SIP "B."
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