CAT 2021 Slot 3 Solutions Quantitative Aptitude | Banks A,B and C | CAT 2022 Preparation

The best place to start your CAT preparation is CAT previous year's question paper. Solve this question that appeared in CAT 2021 Slot 3 question paper in one go and take your CAT preparation a notch above.

Bank A offers 6% interest rate per annum compounded half yearly. Bank B and Bank C offer simple interest but the annual interest rate offered by Bank C is twice that of Bank B. Raju invests a certain amount in Bank B for a certain period and Rupa invests ₹ 10,000 in Bank C for twice that period. The interest that would accrue to Raju during that period is equal to the interest that would have accrued had he invested the same amount in Bank A for one year. The interest accrued, in INR, to Rupa is

A. 2436

B. 3436

C. 2346

D. 1436


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