CAT 2024 Interest — Previous Year Question
Year
CAT 2024
Section
Quantitative
Topic
Interest
Difficulty
Hard
Question
Slot-2
Anil invests Rs 22000 for 6 years in a scheme with 4% interest per annum, compounded half-yearly. Separately, Sunil invests a certain amount in the same scheme for 5 years, and then reinvests the entire amount he receives 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 equal, then the initial investment, in rupees, made by Sunil is
20480
20808
20640
20860
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