The best questions to practice for CAT Exam are the actual CAT Question Papers. 2IIM offers you exactly that, in a student friendly format to take value from this. If you would like to take the same inside a testing engine (for Free) head out here: CAT Official Question Mocks. In CAT 2017 we saw some beautiful questions that laid emphasis on Learning ideas from basics and being able to comprehend more than remembering gazillion formulae and shortcuts. Original CAT Question paper is the best place to start off your CAT prep practice. This page provides exactly that. To check out about 1000 CAT Level questions with detailed video solutions for free, go here: CAT Question Bank
Question 5 : Ravi invests 50% of his monthly savings in fixed deposits. Thirty percent of the rest of his savings is invested in stocks and the rest goes into Ravi's savings bank account. If the total amount deposited by him in the bank (for savings account and fixed deposits) is Rs 59500, then Ravi's total monthly savings (in Rs) is: [TITA]
Ravi invests 50% of his monthly savings in fixed deposits i.e from the remaining 50%, 30% percent of the rest of his savings = 15% is invested in stocks.
And the rest i.e 50 – 15 = 35% goes into Ravi's savings bank account.
If the total amount deposited by him in the bank (for savings account and fixed deposits) is Rs 59500
i.e. 50 + 35 = 85 % ⟹ 85% of total savings = 59500
We have to find the Ravi's total monthly savings (in Rs)
⟹ Total savings = \\frac{59500}{85}) × 100 = Rs.70000
Ravi's total monthly savings is 70000 Rupees.
The question is "Ravi invests 50% of his monthly savings in fixed deposits. Thirty percent of the rest of his savings is invested in stocks and the rest goes into Ravi's savings bank account. If the total amount deposited by him in the bank (for savings account and fixed deposits) is Rs 59500, then Ravi's total monthly savings (in Rs) is: [TITA]"
Online Classroom Batches Starting Now!
Copyrights © All Rights Reserved by 2IIM.com - A Fermat Education Initiative.
Privacy Policy | Terms & Conditions
CAT® (Common Admission Test) is a registered trademark of the Indian Institutes of Management. This website is not endorsed or approved by IIMs.
2IIM Online CAT Coaching
A Fermat Education Initiative,
58/16, Indira Gandhi Street,
Kaveri Rangan Nagar, Saligramam, Chennai 600 093
Phone: (91) 44 4505 8484
Mobile: (91) 99626 48484
WhatsApp: WhatsApp Now
Email: prep@2iim.com