WhatsAppJoin our WhatsApp Community

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

900

700

1000

800

Crack Your CAT Interviews with Confidence!

Get personalised answers and practice mock interviews with real feedback from experienced mentors.

Explore Interview Platform

Loading...