CAT 2021 Interest — Previous Year Question
Paper
CAT 2021
Section
Quantitative
Topic
Interest
Difficulty
Medium
Question
CAT 2021
Slot-3
Bank A offers 6% interest rate per annum compounded half yearly. Bank B and Bank C offer simple interest but the annual interest rate offered by Bank C is twice that of Bank B. Raju invests a certain amount in Bank B for a certain period and Rupa invests ₹ 10,000 in Bank C for twice that period. The interest that would accrue to Raju during that period is equal to the interest that would have accrued had he invested the same amount in Bank A for one year. The interest accrued, in INR, to Rupa is
2436
3436
2346
1436
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