CAT 2021 Exam Question Papers Slot 1 | CAT Quants
CAT Quantitative Aptitude | CAT 2021 Question Papers
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All CAT 2021 Quantitative aptitude questions have detailed answer keys and solutions provided by our experts. Watch the videos below to learn the fastest ways to answer the questions:
Anil invests some money at a fixed rate of interest, compounded annually. If the interests accrued during the second and third year are ₹ 806.25 and ₹ 866.72, respectively, the interest accrued, in INR, during the fourth year is nearest to
Let the rate of interest is r % per annum
The interest accrued during the second year = ₹ 806.25
The interest accrued during the third year = ₹ 866.72
The extra interest in the third year = 866.72 – 806.25 = ₹ 60.47 is the interest for one year on
the second year interest
60.47 = = > r = 7.5%
Interest for the fourth year = Interest for third year + interest for one year on third year interest
= 866.72 +
= 866.72 + 65 = ₹ 931.72 approximately