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CAT 2024 Interest — Previous Year Question

Year

CAT 2024

Section

Quantitative

Topic

Interest

Difficulty

Medium

Question

Slot-1

Ramesh invests ₹1,200 at 5% simple interest. How much additional money must he invest at 8% simple interest so that his total annual income will be equal to 6% of his total investment during this year ?

₹ 500

₹ 600

₹ 1,200

₹ 1,500

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