CAT (QA) PYQs

For the same principal amount, the compound interest for two years at $5\%$ per annum exceeds the simple interest for three years at $3\%$ per annum by Rs. $1125$. Then the principal amount in rupees is

John borrowed Rs.$2,10,000$ from a bank at an interest rate of $10 \%$ per annum, compounded annually. The loan was repaid in two equal installments, the first after one year and the second after another year. The first installment was interest of one year plus part of the principal amount, while the second was the rest of the principal amount plus due interest thereon. Then each installment, in Rs., is

Veeru invested Rs 10000 at 5% simple annual interest, and exactly after two years, Joy invested Rs 8000 at 10% simple annual interest. How many years after Veeru's investment, will their balances, i.e., principal plus accumulated interest, be equal?