Year
CAT 2022
Section
Quantitative
Topic
Interest
Difficulty
Medium
Question
Slot-3
Nitu has an initial capital of ₹20,000
. Out of this, she invests ₹8,000
at 5.5%
in bank A,₹5,000
at 5.6%
in bank B
and the remaining amount at x%
in bank C
, each rate being simple interest per annum. Her combined annual interest income from these investments is equal to 5%
of the initial capital. If she had invested her entire initial capital in bank C alone, then her annual interest income, in rupees, would have been
Nitu has an initial capital of ₹20,000 . Out of this, she invests ₹8,000 at 5.5% in bank A,₹5,000 at 5.6% in bank B and the remaining amount at x% in bank C , each rate being simple interest per annum. Her combined annual interest income from these investments is equal to 5% of the initial capital. If she had invested her entire initial capital in bank C alone, then her annual interest income, in rupees, would have been
900
700
1000
800
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