CAT 2020 Question Paper | Quants Slot 2

CAT Previous Year Paper | CAT Quants Questions | Question 8

Arithmetic forms around 50% of the total questions asked in the Quantitative Aptitude section of the CAT exam and hence needs to be prepared with the utmost focus and attention. Simple Interest/Compound Interest forms a part of the Arithmetic section. The best way to steer yourself in the right direction of online CAT preparation is to go through the CAT previous year paper and try to solve these questions without looking at the solution. Don't wait for you to finish your preparation to try these questions. Try this SICI question right away!
To know more about the questions you can expect in the upcoming CAT Question Paper, visit 2IIM's CAT Blueprint .

Question 8 : 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


Best CAT Online Coaching
Try upto 40 hours for free
Learn from the best!


2IIM : Best Online CAT Coaching.


Video Explanation


Best CAT Coaching in Chennai


CAT Coaching in Chennai - CAT 2022
Limited Seats Available - Register Now!


Explanatory Answer

P(1.05)2 – P = CI
P × 3 × \\frac{3}{100}) = SI
CI = 0.1025 P
SI = 0.09P
CI – SI = 0.0125P = \\frac{125}{10000}) P = 1125
P = 90000


The question is "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"

Hence, the answer is, " 90000"

CAT Questions | CAT Quantitative Aptitude

CAT Questions | CAT DILR

CAT Questions | Verbal Ability for CAT


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 / 94459 38484
WhatsApp: WhatsApp Now
Email: info@2iim.com