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CAT 2022 Interest — Previous Year Question

Paper

CAT 2022

Section

Quantitative

Topic

Interest

Difficulty

Medium

Question

CAT 2022

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

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