Question
'X' deposited a total of 40% of his monthly salary in two SIPs, P and Q. SIP P offers compound interest at the rate of 10% p.a., compounded annually, while SIP Q offers simple interest at the rate of 8% p.a. The amount deposited in SIP P and SIP Q are in the ratio 5:4, respectively, and the total interest earned in 2 years is Rs. 676. Determine the monthly salary of 'X'.
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