Chapter 3 · Arithmetic

Simple & Compound Interest

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Question 1 of 9

CAT 2024 · Slot 1 · Q12

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An amount of Rs 10000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10 : 13, then the investment period, in years, in bank A is

  1. A.4
  2. B.3
  3. C.6
  4. D.5
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Correct answer: C. 6

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