CAT 2025 Slot 1 — QA 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
- A3096
- B3150
- C3180
- 3221