At a certain simple rate of interest, a given sum amounts to Rs 13920 in 3 years, and to Rs 18960 in 6 years and 6 months. If the same given sum had been invested for 2 years at the same rate as before but with interest compounded every 6 months, then the total interest earned, in rupees, would have been nearest to
CAT Simple & Compound Interest questions (2023–2025) — actual Quant questions with solutions
7 real CAT Simple & Compound Interest questions from CAT 2023 to CAT 2025, each with options, the verified answer and a step-by-step solution. Practice one topi
7 real CAT questions · CAT 2023–2025 · 1 Medium
Interest + Ratios
An amount of Rs 10000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10 : 13, then the investment period, in years, in bank A is
SICI CAT 2024 Actual Questions
An amount of Rs 10,000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10:13, then the investment period, in years, in bank A is:
Anil invests Rs 22000 for 6 years at 4% p.a. compounded half-yearly. Sunil invests an amount for 5 years in same scheme, then reinvests at 10% simple interest for 1 year. Their final amounts are equal. Find Sunil’s initial investment.
Aman invests Rs 4000 at compound interest. The ratio of the value after 3 years to after 5 years is 25:36. Find the minimum number of years required for the investment to exceed Rs 20000.
Anil borrows Rs 2 lakhs at an interest rate of 8% per annum, compounded half-yearly. He repays Rs 10320 at the end of the first year and closes the loan by paying the outstanding amount at the end of the third year. Then, the total interest, in rupees, paid over the three years is nearest to
Anil invests Rs. 22,000 for 6 years in a certain scheme with 4% interest per annum, compounded half-yearly. Sunil invests in the same scheme for 5 years, and then reinvests the entire amount received at the end of 5 years for one year at 10% simple interest. If the amounts received by both at the end of 6 years are the same, then the initial investment made by Sunil, in rupees, is:
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