← CAT 2024 Slot 1 QA

CAT 2024 Slot 1 QA · Question 12

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

Sign in free to see the answer and the step-by-step solution.

Show answer