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Question

A person invests Rs. ‘a’ in SIP A and Rs. ‘b’ in SIP
B. SIP A offers simple interest at 15% per annum, while SIP B offers compound interest at 20% per annum. After 3 years, the interest earned from SIP A is Rs. 5400, which is Rs. 4610 less than the interest earned from SIP B over the same period. Determine the value of (b –
a).

A Rs.2200

B Rs.1750

C Rs.1200

D Rs.1000

E None of these

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