CAT 2019 Interest Question (Medium)

Question

A person invested a total amount of Rs 15 lakh. A part of it was invested in a fixed deposit earning 6 annual interest, and the remaining amount was invested in two other deposits in the ratio 2 1, earning annual interest at the rates of 4 and 3 , respectively. If the total annual interest income is

Optima Learn · Accepted Answer

Let the total investment 15 lakh Let the amount invested in fixed deposit FD at 6 interest be lakh . Then the remaining amount lakh This remaining amount is invested in two parts in the ratio 2 1 At 4 lakh At 3 lakh --- Step 1 Write total interest expression Total annual interest interest from all t

CAT 2019 Interest — Previous Year Question

CAT 2019

Quantitative

Interest

Medium

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