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
Stand Out in Your CAT Interview Round!
Build confidence with mock interviews tailored to IIM and top B-school patterns. Get instant feedback from mentors.
Explore Interview PlatformLoading...