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CAT 2023 Progression — Previous Year Question

Year

CAT 2023

Section

Quantitative

Topic

Progression

Difficulty

Hard

Question

Slot-1

Separately, Jack and Sristi invested the same amount of money in a stock market. Jack’s invested amount kept getting reduced by 50%50\% every month. Sristi’s investment also reduced every month, but in an arithmetic progression with a common difference of Rs. 1500015000. They both withdrew their respective amounts at the end of the sixth month. They observed that if they had withdrawn their respective amounts at the end of the fourth month, the ratio of their amounts would have been the same as the ratio after the sixth month. What amount of money was invested by Jack in the stock market?

Rs. 100000100000

Rs. 120000120000

Rs. 150000150000

Rs. 180000180000

None of the above

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