CAT 2025 Slot 1QA Question 6

Simple & Compound InterestMedium

At a certain simple rate of interest, a given sum amounts to Rs 13920 in 3 years, and to Rs 18960 in 6 years and 6 months. If the same given sum had been invested for 2 years at the same rate as before but with interest compounded every 6 months, then the total interest earned, in rupees, would have been nearest to

Answer & solution

Correct answer: 3221

  • A
    3096
  • B
    3150
  • C
    3180
  • 3221

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CAT 2025 Slot 1 QA Q6: At a certain simple rate of interest, a given sum amounts to Rs 13920 in 3 years, and to Rs 18960 in 6 years a — Solution | TheCATExam