CAT 2025 Interest — Previous Year Question
Paper
CAT 2025
Section
Quantitative
Topic
Interest
Difficulty
Hard
Question
CAT 2025
Slot-2
A loan of Rs 1000 is fully repaid by two installments of Rs 530 and Rs 594, paid at the end of first and second year, respectively. If the interest is compounded annually, then the rate of interest, in percentage, is
8
10
11
9
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