# CAT 2020 Question Paper | Quants Slot 1

###### CAT Previous Year Paper | CAT Quants Questions | Question 3

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. In CAT 2019 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 3 : 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?

## Best CAT Coaching in Chennai

#### CAT Coaching in Chennai - CAT 2021Online Batches Available Now!

Let assume its equal after N years
Veeru’s investment after N years = 10000 + 10000 × $$frac{5}{100}$ × N Joy’s investment after N years = 8000 + 8000 × $\frac{10}{100}$ ×$N – 2)
Equating both
10000 + 10000 × $$frac{5}{100}$ × N = 8000 + 8000 × $\frac{10}{100}$ ×$N – 2)
10000 + 500N = 8000 + 800N – 1600
3600 = 300N
N = 12

##### The answer is, " 12"

###### CAT Coaching in ChennaiCAT 2021Enroll at 49,000/- 44,000/-

Online Classroom Batches Starting Now!

###### Best CAT Coaching in Chennai Introductory offer of 5000/-

Attend a Demo Class

##### Where is 2IIM located?

2IIM Online CAT Coaching
A Fermat Education Initiative,
58/16, Indira Gandhi Street,
Kaveri Rangan Nagar, Saligramam, Chennai 600 093

##### How to reach 2IIM?

Phone: (91) 44 4505 8484
Mobile: (91) 99626 48484
WhatsApp: WhatsApp Now
Email: prep@2iim.com